African Business News

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

Investors record N240bn gain as NGX continues bullish trend

‘Tinubu boom’ pushes Nigerian investors to gain N1.086tn in single day at NGX – Analyst

By Ifunanya / May 28, 2025

A popular Nigerian financial analyst and economist, David Adonri, Vice Chairman of Highcap Securities Limited, said investors at Nigerian Exchange […]

Continue Reading
Nigerian banks: NFIU raises alarm over suspicious N48bn transfers to two countries

Nigerian banks: NFIU raises alarm over suspicious N48bn transfers to two countries

By Ifunanya / May 28, 2025

The Nigerian Financial Intelligence Unit has raised alarm over suspicious transactions amounting to N48 billion wired to Dubai and Hong […]

Continue Reading
Nigeria's naira continues to appreciate against dollar in black market

Naira depreciates against dollar across FX markets

By Ifunanya / May 27, 2025

The naira recorded significant depreciation against the dollar across official and parallel foreign exchange markets this week. Central Bank of […]

Continue Reading
Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

Fidelity Bank wins 2025 DBN Innovation Award for MSME Support

By Ifunanya / May 27, 2025

In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc […]

Continue Reading
Russia could restrict return of Western brands – Izvestia — RT Business News

Russia to Regulate Foreign Firms’ Asset Buybacks Amid Sanctions and Market Shift

By Ifunanya / May 27, 2025

Russia is poised to introduce a new law that could significantly impact foreign companies looking to buy back assets they […]

Continue Reading
Children's Day: Mutual funds hit over N8.6tn in Nigeria as SEC pushes for investment literacy

Children’s Day: Mutual funds hit over N8.6tn in Nigeria as SEC pushes for investment literacy

By Ifunanya / May 27, 2025

The Security and Exchange Commission has said Nigeria’s collective investment or mutual funds targeted at children has grown to N8.6 […]

Continue Reading
Nigeria built new port last 48 years ago — NPA MD

Nigeria built new port last 48 years ago — NPA MD

By Ifunanya / May 27, 2025

The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, said the last time the country built a new port […]

Continue Reading
Informal sector needs support, not additional taxes -  FIRS boss

Informal sector needs support, not additional taxes –  FIRS boss

By Ifunanya / May 27, 2025

The chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that the recognition of informal work by the National […]

Continue Reading
Nigeria to earn $7m daily revenue from fertiliser export - Dangote

Nigeria to earn $7m daily revenue from fertiliser export – Dangote

By Ifunanya / May 27, 2025

The president of Dangote Group, Aliko Dangote, has said that in the next two years, the 650,000 barrels per day […]

Continue Reading
Naira appreciates against dollar across official, black markets

Naira continues appreciation against dollar

By Ifunanya / May 27, 2025

Nigeria’s naira continued appreciation against the dollar in the official foreign exchange market on Monday. The Central Bank of Nigeria’s […]

Continue Reading
Tinubu's ban on foreign goods major boost for Nigerian economy — Stakeholders

Second Anniversary: Economists rate Nigerian economy under Tinubu

By Ifunanya / May 27, 2025

Ahead of the President Bola Ahmed Tinubu administration’s second anniversary on May 29th, 2025, economists and financial analysts have rated […]

Continue Reading
Putin hails Russia’s economic growth — RT Business News

Russia Becomes World’s Fourth Largest Economy by Purchasing Power Parity

By Ifunanya / May 27, 2025

Russian President Vladimir Putin has praised the country’s economic performance, citing its rise to the fourth-largest economy in the world […]

Continue Reading
Euro could dethrone US dollar – ECB — RT Business News

Euro Could Rival US Dollar as Global Reserve Currency with Reforms

By Ifunanya / May 26, 2025

Global investors are growing increasingly concerned about the recent trade policy moves made by Washington, according to European Central Bank […]

Continue Reading

Nigerian economy worse off under Tinubu than Buhari — Economist, Erumebor

By Ifunanya / May 26, 2025

A senior economist at the Nigerian Economic Summit Group, Wilson Erumebor, has said that Nigeria’s economy is worse under President […]

Continue Reading
Polish farmers call for Russian cucumber ban — RT Business News

Poland Seeks Ban on Russian Cucumber Imports Amid Surge in Cheap Exports

By Ifunanya / May 26, 2025

Poland has become the European Union’s top buyer of cucumbers, with imports soaring in 2025. This surge has led Polish […]

Continue Reading
Trump agrees to delay EU tariffs — RT Business News

US Delays 50% Tariff on EU Goods Until July 9 After Trump and EU Leader Agree on Extension

By Ifunanya / May 26, 2025

In a significant development, the United States has announced a delay in introducing a 50% tariff on goods from the […]

Continue Reading
2025 budget: N393bn worth of streetlights should make Nigeria 'light of the world' - Kalu Aja

2025 budget: N393bn worth of streetlights should make Nigeria ‘light of the world’ – Kalu Aja

By Ifunanya / May 26, 2025

A financial analyst, Kalu Aja, has said that with Nigeria’s 2025 budget for streetlights amounting to N393.29 billion, the country […]

Continue Reading
Port Harcourt Refinery shutdown: PETROAN makes fresh demands on NNPCL

Port Harcourt Refinery shutdown: PETROAN makes fresh demands on NNPCL

By Ifunanya / May 26, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has asked Nigerian National Petroleum Company Limited (NNPCL) to adhere […]

Continue Reading
2,000MW electricity generation capacity stranded due to N600bn debt - NDPHC

2,000MW electricity generation capacity stranded due to N600bn debt – NDPHC

By Ifunanya / May 26, 2025

The management of Niger Delta Power Holding Company has lamented that its 2,000-megawatt electricity generation capacity is stranded due to […]

Continue Reading
Musk ‘back to 24/7’ work on his business projects — RT Business News

Elon Musk to Reduce Role in Trump Administration and Focus on Business Ventures

By Ifunanya / May 25, 2025

Elon Musk, the CEO of Tesla and SpaceX, has announced plans to reduce his role in President Donald Trump’s administration. […]

Continue Reading
Scroll to Top