Dollar rallies against euro and yen amid US economic indicators
The US dollar has reached a 3-1/2-week high against the euro, despite ongoing tensions between the US and Venezuela. Currency […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Venezuela Oil Prices Fall After Maduro Ouster
Oil prices have fallen following a US military operation that resulted in the seizure of Venezuelan leader Nicolas Maduro, whose
African Business News
OPEC oil output unchanged amid member crises
OPEC+ has decided to maintain its current oil output levels, following a brief meeting on Sunday. The meeting avoided discussions
NNPCL cuts petrol price to N815 per liter
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of premium motor spirit, also known as petrol, for
Nigeria Aviation Sector Faces Challenges
Nigeria’s aviation sector faced numerous challenges in 2025, including rising airfares, regulatory issues, and infrastructure problems. The industry experienced a
African Business News
Fidelity Bank appoints new chairman after tenure completion
Fidelity Bank Plc, a leading Nigerian lender, has announced the completion of Mr. Mustafa Chike-Obi’s tenure as Chairman of its
African Business News
Nigeria petrol price hikes amid Dangote Refinery shutdown plans
Nigeria’s petroleum products depot owners and marketers have raised their ex-depot petrol prices due to the planned shutdown of Dangote
Nigeria tax laws face challenges amid delicate circumstances
The Centre for the Promotion of Private Enterprise has expressed concerns over the potential effectiveness of Nigeria’s new tax laws,
African Business News
Eurozone manufacturing declines amid Ukraine conflict
The European manufacturing sector has experienced a decline in health, as indicated by the latest data from S&P Global. The
Nigerian Stock Market Gains N561 Billion
The Nigerian stock market commenced the new year on a positive note, with investors recording a gain of N561 billion
Lagos Hotel Rates Soar To Record N205534
Lagos Hotel Room Rates Hit Record High Amid Returning Business Travel Average hotel room rates in Lagos have surged to
Nigeria Tax Laws Criticised By Peter Obi
Former Nigerian presidential candidate Peter Obi has criticized the country’s tax laws, stating that prosperity cannot be achieved by placing