African Business News

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

Fuel importation drops by 30m litres in Nigeria - NMDPRA reveals

Fuel price reduction: NMDPRA announces date for petrol pricing summit

By Ifunanya / July 4, 2025

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced July 23 and 24, 2025, as the dates for premium […]

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Naira appreciates massively against dollar in black market

Naira gains against dollar across official, black markets

By Ifunanya / July 4, 2025

The naira recorded appreciation against the dollar at official and parallel foreign exchange markets. The Central Bank of Nigeria’s exchange […]

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We've engaged foreign tracers to locate hidden assets of debtors — AMCON MD Alade

We’ve engaged foreign tracers to locate hidden assets of debtors — AMCON MD Alade

By Ifunanya / July 3, 2025

Managing Director of the Asset Management Corporation of Nigeria, AMCON, Gbenga Alade, said that the agency engaged foreign tracers to […]

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Ibadan DisCo sold for N100bn

Ibadan DisCo sold for N100bn

By Ifunanya / July 3, 2025

The Nigerian government, through the Asset Management Corporation of Nigeria, AMCON, has announced the sale of the Ibadan Electricity Distribution […]

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Edo revenue service rakes in N52.6bn in 6 months

Edo revenue service rakes in N52.6bn in 6 months

By Ifunanya / July 3, 2025

The Edo State Internal Revenue Service, EIRS, on Thursday said it generated a total of N52.6 billion to the coffers […]

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Nigerian stock market bounces back with N378bn gains after four days of losses

Nigerian stock market bounces back with N378bn gains after four days of losses

By Ifunanya / July 3, 2025

The Nigerian Exchange Limited (NGX) bounced back with N378 billion in gains on Wednesday after four days of losses. This […]

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British pound may go ‘woke’ — RT Business News

Bank of England’s Plan to Redesign Pound Notes with Diversity Themes Sparks Backlash

By Ifunanya / July 3, 2025

A plan to redesign the UK’s pound banknotes with a focus on diversity has sparked controversy, with some politicians and […]

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

Naira continues appreciation for third consecutive day

By Ifunanya / July 3, 2025

The naira continued to appreciate against the dollar at the official foreign exchange market on Wednesday, marking the third consecutive […]

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Cooking gas price increases in Nigeria 

Cooking gas price increases in Nigeria 

By Ifunanya / July 2, 2025

Nigeria’s average price for refilling a 12.5kg cylinder of liquefied petroleum gas, LPG, rose by 2.18 per cent on a […]

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Nigerian economy stabilizing – IMF hails Cardoso-led CBN reforms

By Ifunanya / July 2, 2025

The International Monetary Fund has hailed Olayemi Cardoso-led Central Bank of Nigeria’s monetary policy reforms.The fund made this known in […]

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