African Business News

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

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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US Treasury chief calls for review of Fed for ‘many mistakes’ (VIDEO) — RT Business News

Bessent Slams Fed Over Trump Tariff Critique, Demands Central Bank Review

By Ifunanya / July 21, 2025

U.S. Treasury Secretary Scott Bessent has amplified calls for a sweeping review of the Federal Reserve, arguing the central bank’s […]

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US inflation eases as Nigeria gets set to release April Consumer Price Index

Nigeria’s rebased GDP rose to N372.8trn in 2024

By Ifunanya / July 21, 2025

The National Bureau of Statistics, NBS, has announced that Nigeria’s Gross Domestic Product, GDP, stood at N372.8 trillion in 2024. […]

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Nigeria boosts trade ties with Egypt

By Ifunanya / July 21, 2025

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has reaffirmed Nigeria’s commitment to strengthening diplomatic and economic relations with […]

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BREAKING: Nigeria’s GDP rebased to N205trn

Nigeria’s GDP Rebases to N205 Trillion with 41.7% Growth Surge

By Ifunanya / July 21, 2025

Nigeria has announced a significant recalibration of its economic size, with the national statistics office revising the country’s Gross Domestic […]

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China posts over 5% growth despite trade war — RT Business News

China’s Economy Grows 5.3% Amid Escalating US-EU Trade Tensions

By Ifunanya / July 21, 2025

China’s economy expanded by 5.3% year-on-year in the first half of 2024, according to official data released by the National […]

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Mixed reactions as Enugu Govt announces electricity tariff reduction

Mixed reactions as Enugu Govt announces electricity tariff reduction

By Ifunanya / July 21, 2025

Mixed reactions have trailed the recent order by the Enugu Electricity Regulatory Commission for Main Power to reduce its electricity […]

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Cooking gas price increases in Nigeria 

NOGASA battles Dangote Refinery over planned direct supply of cooking gas, others

By Ifunanya / July 21, 2025

The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has kicked against the recent plan by Dangote Refinery to […]

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Court slams N5m damages on MTN for exploiting user through unsolicited tunes

Court slams N5m damages on MTN for exploiting user through unsolicited tunes

By Ifunanya / July 21, 2025

The Court of Appeal has slammed a ₦5 million damages award against telecommunication giant, MTN Nigeria for exploiting a subscriber, […]

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Beijing slams EU for including Chinese firms in Russia sanctions — RT Business News

China Condemns EU Sanctions on Banks, Firms Over Russia Ties, Vows Defense

By Ifunanya / July 21, 2025

The European Union’s decision to sanction two Chinese banks and multiple companies for allegedly aiding Russia in evading Ukraine-related sanctions […]

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