African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Dangote Refinery Denies ₦600/Litre Petrol Price Report

Dangote Refinery Denies ₦600/Litre Petrol Price Report

By Ifunanya / August 14, 2024

Dangote Refinery Denies reports of ₦600 per Litre Petrol Price In a statement issued on Tuesday, the management of Dangote […]

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MTN Foundation Empowers Young Nigerian Musicians with 2024 Scholarship Programme

MTN Foundation Empowers Young Nigerian Musicians with 2024 Scholarship Programme

By Ifunanya / August 14, 2024

MTN Foundation Unveils 2024 Musical Society of Nigeria Scholarship Programme The MTN Foundation has announced its resolve to develop musical […]

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Naira Slumps vs Dollar at Official Market, Rises on Black

Naira Slumps vs Dollar at Official Market, Rises on Black Market

By Ifunanya / August 13, 2024

Naira Depreciates against Dollar, Closes Week on a Down Note In a surprising turn of events, the Nigerian naira recorded […]

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Poland Secures $10B Apache Helicopter Deal, Boosts Military Capabilities

Poland Secures $10B Apache Helicopter Deal, Boosts Military Capabilities

By Ifunanya / August 13, 2024

Poland Secures Multi-Billion Dollar Deal for Apache Helicopters In a massive deal, Poland has signed a contract to purchase 96 […]

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CBN Verifies Barbican's FBN Holdings Shares, Finds Only 8.67% Ownership

CBN Verifies Barbican’s FBN Holdings Shares, Finds Only 8.67% Ownership

By Ifunanya / August 13, 2024

Central Bank of Nigeria Disputes Investment Firm’s Claim on FBN Holdings Shareholding The Central Bank of Nigeria (CBN) has released […]

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US and Nigeria Inflation Figures to be Released: A Sign

US and Nigeria Inflation Figures to be Released: A Sign of Economic Recovery or Further Struggle?

By Ifunanya / August 13, 2024

Inflation Figures for July 2024 to be Released by US and Nigeria The United States and Nigeria are set to […]

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Fitch Downgrades Israel to A Following Ongoing Gaza Conflict

Fitch Downgrades Israel to A Following Ongoing Gaza Conflict

By Ifunanya / August 13, 2024

Israel’s Credit Rating Downgraded Amid Ongoing Conflict with Hamas In a warning that its ongoing conflict with Hamas in Gaza […]

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Nigeria’s July Crude Oil Production Hits 1.307 Million Barrels Daily Despite Challenges

By Ifunanya / August 12, 2024

Nigeria’s Crude Oil Production Sees Slight Uptick in July Nigeria’s crude oil production has experienced a modest increase in July, […]

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Nigeria Loses Estimated N500 Billion to Destruction during Hunger Protests

Nigeria Loses Estimated N500 Billion to Destruction during Hunger Protests

By Ifunanya / August 12, 2024

Nigeria’s Economy Hit with Estimated N500 Billion Loss Due to Hunger Protests Nigeria’s Minister of Industry, Trade and Investment, Dr. […]

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NDIC Pays 82.36% of Heritage Bank Customers, Emphasizes Prompt Reimbursement

By Ifunanya / August 12, 2024

Heritage Bank Customers Receive 82.36% of Insured Deposits In a significant milestone, the Nigeria Deposit Insurance Corporation (NDIC) has paid […]

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SADCOPAC Urged to Monitor Public Funds, Ensure Value for Money

By Ifunanya / August 12, 2024

Zimbabwe’s Parliament Speaker Urges Vigilance in Public Funds Management In a stern warning, Jacob Mudenda, the Speaker of Zimbabwe’s Parliament, […]

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NDIC Pays 82% of Insured Deposits in Heritage Bank Revocation

NDIC Pays 82% of Insured Deposits in Heritage Bank Revocation

By Ifunanya / August 12, 2024

Here’s a clear, engaging, and well-structured news article: Nigerian Heritage Bank Depositors Rewarded with 82% of Claims The Nigeria Deposit […]

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Heritage Bank Liquidation: 17.6% of Depositors Yet to Receive Payments Due to Verification Issues

By Ifunanya / August 12, 2024

Heritage Bank Liquidation: 17.6% of Depositors Yet to Receive Payments The Nigeria Deposit Insurance Corporation (NDIC) has revealed that 17.6% […]

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NASENI Offers 50% Discount to Drivers via MY CNG App

NASENI Offers 50% Discount to Drivers via MY-CNG App

By Ifunanya / August 12, 2024

Nigeria Aims to Revolutionize Energy Future with 50% Discount on CNG Convertions The National Agency for Science and Engineering Infrastructure […]

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NDIC Updates on Heritage Bank Liquidation: Payment of Uninsured Deposits

NDIC Updates on Heritage Bank Liquidation: Payment of Uninsured Deposits to Begin

By Ifunanya / August 11, 2024

Heritage Bank Customers Receive Partial Payments Following Bank’s Closure The Nigeria Deposit Insurance Corporation (NDIC) has notified customers of the […]

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Nigeria Urged to Probe Corruption in Spending of $1.5bn World

Nigeria Urged to Probe Corruption in Spending of $1.5bn World Bank Loan and $3.121bn Chinese Loans

By Ifunanya / August 11, 2024

World Bank Loans and Chinese Debt: Nigerian Government Urged to Ensure Accountability Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has […]

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Federal Govt Targets 700,000 MSMEs & Manufacturers with N150bn Loan

Federal Govt Targets 700,000 MSMEs & Manufacturers with N150bn Loan

By Ifunanya / August 11, 2024

Nigeria’s N150bn Loan Scheme: 700,000 Businesses Express Interest in Economic Boost The Nigerian Federal Government’s N150bn loan scheme, aimed at […]

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Tinubu Urged to Probe $1.5BN World Bank Loan, $3.1BN Chinese

Tinubu Urged to Probe $1.5BN World Bank Loan, $3.1BN Chinese Loans Amidst Claims of Mismanagement

By Ifunanya / August 11, 2024

Nigeria’s SERAP Calls for Probe into $1.5 Billion World Bank Loan and $3.121 Billion Chinese Loans The Socio-Economic Rights and […]

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Tony Elumelu Blames Oil Theft for IOCs' Divestment from Nigeria

Tony Elumelu Blames Oil Theft for IOCs’ Divestment from Nigeria

By Ifunanya / August 11, 2024

Oil Theft Drives International Oil Companies Out of Nigeria, Says Businessman Tony Elumelu A leading Nigerian businessman, Tony Elumelu, has […]

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Nigeria's SDG Slump: Poverty and Hunger Loom Large Amid Funding

Nigeria’s SDG Slump: Poverty and Hunger Loom Large Amid Funding Gap

By Ifunanya / August 11, 2024

Nigeria Falls Behind in Achieving Sustainable Development Goals Nigeria is struggling to achieve the United Nations’ 2030 Sustainable Development Goals […]

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