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 reduces fuel price as petrol marketers hold emergency meeting

NOGASA Urges Tinubu to Halt Dangote Fuel Distribution Over Job Loss Fears

By Ifunanya / August 2, 2025

A major Nigerian industry group has called for government intervention to halt a controversial fuel distribution strategy by Africa’s largest […]

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Heathrow Unveils £49bn Expansion Plan For Third Runway • Channels Television

Heathrow’s £49B Expansion: Third Runway to Serve 150M Passengers Annually

By Ifunanya / August 2, 2025

London’s Heathrow Airport has announced a £49 billion ($65 billion) expansion plan, featuring a long-debated third runway, following years of […]

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Dangote Refinery appoints new CEO David Bird

Dangote Refinery Names David Bird CEO for $20B Expansion Push

By Ifunanya / August 2, 2025

Nigeria’s Dangote Refinery, one of Africa’s largest oil refining projects, has appointed David Bird, former CEO of Oman’s Duqm Refinery, […]

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Senegal To Raise $10bn By 2028 To Avert Debt Crisis • Channels Television

Senegal Unveils $10B Debt Plan with Tax Hikes, Energy Reforms

By Ifunanya / August 2, 2025

Senegal has announced a three-year fiscal overhaul aiming to raise nearly $10 billion to address a mounting debt crisis, with […]

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Russia’s rich grow richer — RT Business News

Russian Tycoons Gain $20B in H1 2025 as Commodities Drive Wealth Surge

By Ifunanya / August 2, 2025

Russia’s wealthiest individuals saw their combined fortunes grow by $20.4 billion during the first half of 2025, fueled largely by […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira Holds Steady Against Dollar in August 2025 FX Markets

By Ifunanya / August 2, 2025

Against a backdrop of mixed economic signals, Nigeria’s currency held steady against the U.S. dollar across both formal and informal […]

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Task Force Busts Oil Black Marketers In Oyo • Channels Television

Oyo Task Force Busts Diesel Black Market on Lagos-Ibadan Expressway

By Ifunanya / August 2, 2025

Authorities in southwest Nigeria’s Oyo State have dismantled an illegal diesel operation along a major highway, arresting 16 individuals and […]

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$500m disbursed for Nigerian energy transition — AfDB

AfDB Disburses Funds to Boost Nigeria’s Energy Transition

By Ifunanya / August 1, 2025

Nigeria, Africa’s most populous nation, has received a significant financial boost towards its energy transition efforts. The African Development Bank […]

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South Africa

Ramaphosa: South Africa Negotiates to Avoid US Tariffs

By Ifunanya / August 1, 2025

South Africa scrambled for a trade lifeline as U.S. tariffs loom President Cyril Ramaphosa is leveraging a week-long respite in […]

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Tinubu describes coalition as 'political IDPs'

Sabotage Alert: Powerful Individuals Target NNPCL; Tinubu Urged to Act

By Ifunanya / August 1, 2025

Oil Firm Sabotage Plot Alleged, Nigerian Admin Urged to Intervene A plot aimed at undermining the Nigerian National Petroleum Company […]

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ExxonMobil Reports 23.4% Drop In Profits On Lower Crude Prices • Channels Television

Exxon Q2 Profits Drop, Shares Rise

By Ifunanya / August 1, 2025

ExxonMobil Profits Drop Amidst Lower Crude Prices; Company Bullish on Growth Projects Oil and gas behemoth ExxonMobil announced a decline […]

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Eurozone Inflation Unchanged At 2% In July • Channels Television

Eurozone Inflation Unchanged at 2.0%

By Ifunanya / August 1, 2025

EUROZONE INFLATION STEADY IN JULY AT 2.0% In a surprise development, Eurozone inflation remained stable in July, official data from […]

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GTCO Completes GDR Delisting From London Stock Exchange • Channels Television

GTCO Delists GDRs, Dual-Lists on LSE

By Ifunanya / August 1, 2025

Nigeria’s Guaranty Trust Holding Company Completes London Listing Transition In a strategic shift aimed at simplifying its capital structure and […]

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CBN clarifies mass redeployment of staff

CBN Clarifies Staff Redeployment: Not Politically Motivated

By Ifunanya / August 1, 2025

Central Bank of Nigeria Dispels Political Motives Behind Staff Redeployment The Central Bank of Nigeria (CBN) has firmly refuted suggestions […]

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'Balance Economic Growth, Energy Security With Global Transition', SPE Nigeria Tells FG  • Channels Television

SPE Nigeria: Balancing Growth, Security, & Low-Carbon Energy

By Ifunanya / August 1, 2025

Nigeria’s Energy Future: Balancing Growth, Security, and the Low-Carbon Transition In a significant call to action, the Society of Petroleum […]

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FG To Partner With State Govt, Developers On Affordable Housing Projects • Channels Television

Nigeria Launches State-by-State Housing Campaign

By Ifunanya / August 1, 2025

Nigeria Unveils Ambitious State-By-State Housing Campaign In a significant move to address the housing deficit, Nigeria’s Minister of Housing and […]

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China Manufacturing Sinks Again In July As US Trade Talks Stall • Channels Television

China’s July Factory Output Slumps to 4-Month Low

By Ifunanya / August 1, 2025

china’s factory output contracts again, raising concerns about cooling demand Official data released on Thursday showed that China’s manufacturing sector […]

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Naira bounces back, appreciates against dollar

Naira Gains at Official Market; Slides at Black Market

By Ifunanya / August 1, 2025

Nigeria’s Naira Rebounds at Official Markets, Slides at Black Market The Nigerian naira staged a comeback at the official foreign […]

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Oyo Govt partners FCMB to empower 1,000 youths with N1.5bn

FCMB Group’s H1 2025 Earnings Surge 23%

By Ifunanya / August 1, 2025

FCMB Group Reports Strong First-Half Performance in 2025 FCMB Group Plc, a leading financial services provider, has announced robust unaudited […]

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Dangote Refinery: Marketers, retailers project petrol pump price to drop below N900/litre nationwide

Nigeria: Petrol, Diesel Up 38%, 24% Y-o-Y

By Ifunanya / August 1, 2025

Petrol, Diesel Prices Surge in Nigeria, NBS Reports The Nigerian economy is grappling with a significant increase in the retail […]

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