African Business News

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

Naira harmonisation achieved - Presidency

Nigeria Achieves Naira Harmonisation Under Tinubu’s Renewed Hope Agenda

By Ifunanya / July 19, 2025

Nigeria’s presidency has announced the successful harmonization of the naira’s exchange rates across official and parallel foreign exchange markets, marking […]

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Naira records highest depreciation against dollar in weeks

Naira records appreciation across official black markets, presidency reacts

By Ifunanya / July 19, 2025

The naira bounced back to appreciate against the dollar across official and parallel foreign exchange markets to end the week […]

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Russian inflation cooling down – Bloomberg  — RT Business News

Russia Inflation Slows Sharply, Central Bank Rate Cuts in Focus

By Ifunanya / July 18, 2025

Russia’s central bank is seeing early signs of success in its prolonged battle against inflation, with monthly price growth slowing […]

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FCMB backs TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd flagship project (Louisville Phase 1) with $40m loan facility in Eko Atlantic

FCMB backs TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd flagship project (Louisville Phase 1) with $40m loan facility in Eko Atlantic

By Ifunanya / July 18, 2025

First City Monument Bank (FCMB) and TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) have partnered to finance and deliver […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Fuel price cut: Dangote refinery dumps petrol marketers

By Ifunanya / July 18, 2025

Dangote Refinery has dumped petroleum products marketers as its direct fuel and diesel distribution nationwide scheme draws closer. This comes […]

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

Naira continues depreciation against dollar at official foreign exchange market

By Ifunanya / July 18, 2025

The naira continued to depreciate against the dollar at the official foreign exchange market on Thursday. This is the case […]

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Two Nigerian companies push NGX to N405bn gain

BUA, Dangote Cement, others push NGX to N833 billion gain

By Ifunanya / July 18, 2025

BUA, Dangote Cement, First Bank Holding, and other firms’ stock pushed the Nigerian stock market to continue its upward trend, with […]

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CBN spent $8bn on Naira defence against dollar at FX market - Rewane

‘Naira has strengthened, Nigeria’s economy leaping out of crisis’ — Rewane

By Ifunanya / July 17, 2025

Bismark Rewane, an economist and Chief Executive Officer of Financial Derivatives, says Nigeria’s currency has stabilized. Rewane spoke during an […]

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CBN issues traditional guidance to Nigerian banks as recapitalization deadline nears

CBN to cut interest by 25 basis points – Economists Rewane

By Ifunanya / July 17, 2025

Popular economist and chief executive of Financial Derivatives Company, Bismark Rewane, has said that the Central Bank of Nigeria Monetary […]

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Jigawa announces date for school resumption

Jigawa revenue generation hits N23.8b in six months

By Ifunanya / July 17, 2025

The Jigawa State Government said its revenue generation has increased by more than 100% in the last six months with […]

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CBN should reduce interest rates to further drive inflation down in Nigeria - Idakolo 

Why CBN is afraid of Cryptocurrency in Nigeria – Don

By Ifunanya / July 17, 2025

The Federal government has been advised to adopt the use of Cryptocurrency in official transactions and to encourage its use […]

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CPPE raises concerns over CBN interest rate pause

CPPE pushes for activation of trade policy to reduce import costs, inflation

By Ifunanya / July 17, 2025

The Centre for the Promotion of Private Enterprise has pushed for efficient activation of Nigeria’s trade policy instruments to bring […]

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NIPOST gets new spokesperson as Franklin Alao retires

NIPOST gets new spokesperson as Franklin Alao retires

By Ifunanya / July 17, 2025

The Director of Corporate Communications at Nigeria Postal Service, Franklin Alao, has retired after 35 years of public service to […]

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BREAKING: Despite rebase, Nigeria's inflation rate rises to 24.23%

Again, Nigeria’s inflation drops in June

By Ifunanya / July 16, 2025

Nigeria’s headline inflation dropped again in June, falling to 22.22 per cent from 22.97 per cent recorded in May 2025. […]

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CBN spent $8bn on Naira defence against dollar at FX market - Rewane

Ex-president Buhari had phobia for economic reforms – Rewane

By Ifunanya / July 16, 2025

Popular economist and the Chief Executive Officer of Financial Derivatives Company, Bismark Rewane, has said late President Muhammadu Buhari has […]

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Nigeria maintains dominance in Africa's crude production with 1.544 mbpd — OPEC

Nigeria’s crude production rises above the OPEC quota for the second time in 2025

By Ifunanya / July 16, 2025

The average daily crude production of Nigeria increased above the quota allocated to it by the Organisation of the Petroleum […]

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

Nigerian govt to release June inflation data as US CPI rises

By Ifunanya / July 16, 2025

The Nigerian government, through the National Bureau of Statistics, is expected to release the country’s inflation data on Wednesday. NBS […]

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Fuel price may drop to N800 per litre - Marketers

NNPCL retail outlets, others reduce fuel price

By Ifunanya / July 15, 2025

Nigerian National Petroleum Company Limited has reduced its premium motor spirit price. Media Talk Africa correspondent who went round NNPCL […]

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NNPCL gives conditions for crude supply to Dangote Refinery

NNPCL gives conditions for crude supply to Dangote Refinery

By Ifunanya / July 15, 2025

The Nigerian National Petroleum Company Limited said the state-owned oil firm would continue to supply crude oil to Dangote Refinery […]

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Fuel price may drop to N800 per litre - Marketers

Nigerian petrol marketers to reduce fuel prices nationwide

By Ifunanya / July 15, 2025

The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from […]

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