Nigeria Cargo Clearance Costs Reduced
Clearing cargo in Nigeria remains a challenging and costly process, hindered by various bottlenecks and the country’s reputation for having […]
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
Silver and gold shine in 2025 commodities market
Precious metals emerged as top performers in the 2025 global commodities market, with silver and gold reaching record highs due
African Business News
Asian Stocks Mixed On Last Trading Day Of 2025
Asian stocks exhibited a mixed performance on the final trading day of 2025, with some markets mirroring the losses seen
African Business News
SoftBank invests $41bn in OpenAI for 11% stake
SoftBank, a Japanese technology investment firm, has increased its stake in OpenAI to approximately 11% following the completion of the
Naira Depreciates Against Dollar Ahead New Year
The Nigerian naira experienced a decline in value against the United States dollar at the official foreign exchange market on
African Business News
TSMC starts mass producing 2nm microchips
Taiwan’s leading microchip manufacturer, TSMC, has announced the start of mass production of next-generation “2-nanometre” chips. This development is significant
Morayo Afolabi-Brown Launches National Talk Show
Media personality Morayo Afolabi-Brown has announced the launch of a new national talk show, The Morayo Show, aimed at promoting
NDDC presents 1.75 trillion budget to Senate for 2025
The Niger Delta Development Commission (NDDC) has submitted a proposed budget of 1.75 trillion for the 2025 fiscal year to
Nigeria Revenue Service transition to boost transparency and accountability
Nigeria is set to introduce a new era in revenue administration as the Federal Inland Revenue Service (FIRS) transitions to
Citigroup expects $1 billion loss from Russia exit
Citigroup Inc. is expected to incur a significant loss of over $1 billion from the sale of its remaining business
NDIC boss warns 50 percent cost ratio limits financial buffer
The Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns that the Federal Government’s 50 per cent cost-to-income ratio policy is
Geregu Power takeover: MA’AM Energy buys 77% stake
MA’AM Energy Limited has acquired a 77% stake in Geregu Power Plc, following a restructuring of the ownership of its