African Business News

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

'We’ll have cheaper oil’ - IPMAN backs Dangote Refinery's distribution plan

Private or public, let the refineries work – IPMAN to FG, NNPCL

By Ifunanya / July 15, 2025

The Independent Petroleum Marketers Association of Nigeria, IPMAN, Port Harcourt Depot Unit, has stressed that the Port Harcourt Refinery requires […]

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Poor budget for foreign ministry threatens Nigeria’s global influence - Ameh Peter

Poor budget for foreign ministry threatens Nigeria’s global influence – Ameh Peter

By Ifunanya / July 15, 2025

A 2019 Presidential candidate, Ameh Peter, has said that the inadequate fund allocation to the Federal Ministry of Foreign Affairs […]

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Four Nigerian companies push NGX to N486bn single-day gain

Nigerian banks, other firms push NGX to N1.077tn

By Ifunanya / July 15, 2025

Nigerian banks and firms pushed the Nigerian stock market to a N1.077 trillion gain on Friday as investors experienced unprecedented […]

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Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution

Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution

By Ifunanya / July 15, 2025

A Professor emeritus of Petroleum Economics, Wumi Iledare, has warned against the hasty sale of Nigeria’s state-owned Port Harcourt, Warri […]

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Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP

Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP

By Ifunanya / July 15, 2025

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has announced its audited financial results for the year ended December 31, […]

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

CBN fixes date for Monetary Policy Committee meeting 

By Ifunanya / July 15, 2025

The Central Bank of Nigeria has announced Monday and Tuesday, July 21 and 22, 2025, as the 301st Monetary Policy […]

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Oyo Govt partners FCMB to empower 1,000 youths with N1.5bn

Enactus Honours FCMB for Youth-Led Social Impact

By Ifunanya / July 15, 2025

First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria for its support in […]

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Fuel price may drop to N800 per litre - Marketers

DAPPMAN credits NMDPRA for fuel price drop, cites two other sector gains

By Ifunanya / July 15, 2025

The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s […]

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Naira records highest depreciation against dollar in weeks

Naira appreciates massively against dollar ahead of public holiday to honour Buhari

By Ifunanya / July 15, 2025

The naira appreciated significantly against the United States dollar at the official foreign exchange market, beginning the week on a […]

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Fuel price may drop to N800 per litre - Marketers

Nigerian marketers reduce fuel prices as FG shuts down economy in honour of Buhari

By Ifunanya / July 15, 2025

Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday. This comes as […]

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Putin aide issues warning on Russian economy — RT Business News

Russian Economy Shows Signs of Strain as Investment Climate Worsens Amid Calls for Urgent Monetary Policy Easing

By Ifunanya / July 15, 2025

The Russian economy is facing significant challenges, with a top Kremlin adviser warning that the country’s monetary policy must be […]

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

CBN clarifies claims of hidden charges on non-resident BVN for Nigerians in Diaspora

By Ifunanya / July 7, 2025

The Central Bank of Nigeria, CBN, has dismissed rumours of hidden charges in the recently launched Non-Resident Bank Verification Number […]

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

Fuel price cut: Dangote Refinery petrol distribution will reduce Nigeria’s inflation – Rewane

By Ifunanya / July 7, 2025

The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, said that Dangote Refinery’s petrol distribution initiative, billed to kick […]

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TCN announces 120MW addition to national grid

TCN commissions new Bauchi substation, expands power supply to Northeast

By Ifunanya / July 7, 2025

The Transmission Company of Nigeria, TCN, said it has commissioned two 150MVA power transformers and 75MVA reactor at its new […]

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Trump threatens BRICS partners with extra tariffs — RT Business News

Trump Threatens 10% Tariff on Countries Doing Business with BRICS

By Ifunanya / July 7, 2025

US President Donald Trump has issued a stern warning to countries around the world, threatening to impose an additional 10% […]

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Russian pipeline gas exports to EU fall – Reuters — RT Business News

Russian Gas Exports to EU Plunge 18.3% in June Amid Infrastructure Maintenance

By Ifunanya / July 5, 2025

Russian natural gas exports to the European Union experienced a significant decline in June, with an 18.3% month-over-month contraction, according […]

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Nigerian petrol marketers give update on fuel price reduction 

BREAKING: NNPCL reduces fuel price

By Ifunanya / July 5, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit price. Media Talk Africa correspondent gathered that […]

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Trump to reinstate sweeping tariffs — RT Business News

US Prepares to Impose Tariffs of Up to 70% on Dozens of Countries Amid Looming Trade Deal Deadline

By Ifunanya / July 5, 2025

The United States is gearing up to impose tariffs of up to 70% on dozens of countries as the deadline […]

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

Naira depreciates against dollar across official, black markets

By Ifunanya / July 4, 2025

The naira depreciated against the dollar across official and parallel foreign exchange markets to end the week on a negative […]

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2027: Anti-Tinubu coalition gathers strength as LND joins

‘We thought things would be better’ – Coalition reports NNPCL boss to Tinubu

By Ifunanya / July 4, 2025

A coalition of economic accountability under the leadership of the Patriotic Nigerian Youth Forum, PNYF, has expressed dismay over the […]

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