African Business News

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

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ECOWAS Set To Unveil Single Currency ECO

By Ifunanya / July 6, 2024

Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States have advanced plans to launch […]

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Gabon Resolves Payment Dispute with World Bank

By Ifunanya / July 4, 2024

Libreville, Gabon – Gabon’s government has resolved its payment dispute with the World Bank, following issues that previously hindered the […]

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Chinese EV Manufacturers Flock to Morocco Amid U.S. Subsidies and Tariffs

By Ifunanya / July 4, 2024

Tangiers, Morocco – In response to the United States’ new subsidies aimed at boosting domestic electric vehicle (EV) production and […]

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Govt Must Act Fast To Stop Investors From Leaving In Droves — Dangote

By Ifunanya / July 3, 2024

Aliko Dangote, the President, Dangote Industries Ltd has identified solutions to sustaining existing local and foreign investments as well as […]

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OPEC Projects Global Oil Demand to Reach 116 Million Barrels Per Day by 2045

By Ifunanya / July 3, 2024

The Organisation of the Petroleum Exporting Countries (OPEC) forecasts that global oil demand will rise to an estimated 116 million […]

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Dollar Rises as Asia Equities Show Mixed Results Amid Speculation Over Trump’s Potential Presidency

By Ifunanya / July 2, 2024

July 2, 2024 — The U.S. dollar strengthened on Tuesday, reaching 38-year highs against the Japanese yen, as investors weighed […]

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Samsung Electronics Workers to Stage Three-Day Strike Over Failed Negotiations

By Ifunanya / July 2, 2024

Seoul, July 2, 2024 — Workers at South Korea’s Samsung Electronics will begin a three-day general strike starting July 8, […]

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Boeing to Acquire Spirit AeroSystems in $4.7 Billion Deal Amid Production Scrutiny

By Ifunanya / July 2, 2024

US aerospace giant Boeing announced on Monday that it has reached a “definitive deal” to acquire its longtime subcontractor Spirit […]

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Nigeria Pays $850m Debt to European Airlines, Says EU Ambassador

By Ifunanya / July 2, 2024

The Federal Government of Nigeria has settled a backlog of debts amounting to $850 million owed to European airlines. This […]

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Nigerian Government Exempts Farmers, Small Businesses, and Manufacturers from Withholding Tax

By Ifunanya / July 2, 2024

The Nigerian Federal Government has announced that farmers, small businesses, and manufacturers are now exempt from withholding tax, according to […]

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President Tinubus Support for Nollywood Actor Zack Orjis Health Journey

Tinubu’s Economic Policies Fail to Alleviate Hardship in First Half of 2024

By Ifunanya / July 2, 2024

President Bola Ahmed Tinubu’s economic interventions have not eased the worsening economic hardship in Nigeria during the first half of […]

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Nigerian Government Disburses N27.2 Billion in Grants to Nano Businesses

By Ifunanya / July 1, 2024

The Nigerian federal government has disbursed a total of N27.2 billion from April to June 2024, out of the N50 […]

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Naira Gains Ground Against Dollar as CBN Boosts Currency Defense

Naira Depreciates by Over 40% in Early 2024 Amid Currency Market Volatility

By Ifunanya / June 30, 2024

ABUJA, NIGERIA (Media Talk Africa) — The Nigerian Naira experienced a significant depreciation of over 40% in the first half […]

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President Tinubu Takes Action to Lower Drug Prices with New Executive Order

By Ifunanya / June 30, 2024

ABUJA, NIGERIA (Media Talk Africa) — President Bola Ahmed Tinubu has taken a significant step to reduce the cost of […]

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IMF Praises Zimbabwe’s New Currency for Stabilization Efforts but Urges Action on Corruption

By Ifunanya / June 29, 2024

HARARE, ZIMBABWE — The International Monetary Fund (IMF) praised Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), for stabilizing the country’s […]

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Nigeria’s Public Debt Rises to N121.67 Trillion in Q1 2024 Amid Fresh Borrowing and Naira Devaluation

By Ifunanya / June 27, 2024

The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing amounted to N7.71 trillion in the first quarter of […]

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Nigerian House of Representatives Moves to Enforce Corporate Social Responsibility Compliance

By Ifunanya / June 26, 2024

The Nigerian House of Representatives is taking steps to enforce compliance with Corporate Social Responsibility (CSR) practices by enacting a […]

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Nigeria’s Inflation Expected to Ease as Reforms Attract $24 Billion Inflow, Says CBN Governor

By Ifunanya / June 26, 2024

The Central Bank of Nigeria (CBN) has projected a moderation in the country’s inflation in the coming months, driven by […]

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Shoprite to Close Abuja Branch Amid Economic Challenges, Joining Multinational Exodus from Nigeria

By Ifunanya / June 24, 2024

Shoprite Mall has announced it will cease operations in one of its Abuja branches, located at Novare Central Mall in […]

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SEC Nigeria Issues Framework for Banking Sector Capitalisation Programme 2024

By Ifunanya / June 22, 2024

The Securities and Exchange Commission has issued its Framework on Banking Sector Capitalisation Programme, 2024. The framework, released on the […]

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