African Business News

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

Naira records highest appreciation against dollar since Trump's tarrif pause

Naira continues depreciation against dollar after CBN fails to cut interest rate

By Ifunanya / July 23, 2025

The Nigerian naira continued to depreciate against the dollar at the official foreign exchange market on Tuesday as the Central […]

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Trump Media invests $2 billion in Bitcoin — RT Business News

Trump Media Invests $2B in Bitcoin to Drive US Crypto Strategy

By Ifunanya / July 22, 2025

Trump Media & Technology Group, the company behind former U.S. President Donald Trump’s Truth Social platform, has acquired approximately $2 […]

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Nigerian Senate passes N1.485 trillion 2025 budget for Rivers State

Senate approves Tinubu’s $21bn foreign loan plan

By Ifunanya / July 22, 2025

The Senate has approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle. Media […]

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Africa may never see new refineries built again – Dangote raises concern

Africa may never see new refineries built again – Dangote raises concern

By Ifunanya / July 22, 2025

Nigerian businessman, Aliko Dangote has said Africa may never see the construction of any new large-scale refineries again, except the rent-seeking […]

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Paris Club Refund: Consultant slams contempt charges against CBN gov

Eight Nigerian banks have surpassed CBN recapitalization requirement— Cardoso

By Ifunanya / July 22, 2025

The Central Bank of Nigeria Governor, Olayemi Cardoso, has revealed that eight Nigerian banks have met its recapitalization requirement ahead […]

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Tinubu's reforms not easy, delivering results - Cardoso

Nigerians now have more confidence in naira—CBN Governor Cardoso

By Ifunanya / July 22, 2025

The Central Bank of Nigeria Governor, Olayemi Cardoso, has said for the first time in a long while, Nigerians are […]

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CBN announces fresh date for first MPC meeting in 2025

BREAKING: CBN MPC retains Nigeria’s interest rate at 27.50%

By Ifunanya / July 22, 2025

The Central Bank of Nigeria’s Monetary Policy Committee meeting has retained the country’s interest rate at 27.50 percent.The Governor of […]

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NNPCL names new senior management team

NNPCL records N4.571tn revenue, N905bn PAT in June

By Ifunanya / July 22, 2025

The Nigerian National Petroleum Company Limited has announced that it raked in a total revenue of N4.571 trillion in June […]

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Real estate overtakes oil in Nigeria’s economy after GDP rebasing

Real estate overtakes oil in Nigeria’s economy after GDP rebasing

By Ifunanya / July 22, 2025

The service, industry, and agriculture subsectors propelled Nigeria’s economy’s expansion to N372.8 trillion in 2024 ($145.3 billion) at the present […]

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Naira continues depreciation against dollar

Naira Dips Again in Nigeria’s Official and Parallel FX Markets

By Ifunanya / July 22, 2025

The Nigerian naira resumed its downward trajectory against the U.S. dollar this week, weakening in both official and unofficial foreign […]

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