African Business News

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

World Bank downgrades global growth forecast, gives reason

World Bank downgrades global growth forecast, gives reason

By Ifunanya / June 14, 2025

Amid worldwide trade tension orchestrated by United States of America President Donald Trump, the World Bank cut its 2025 global […]

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Naira records highest depreciation against dollar in weeks

Naira records highest depreciation against dollar in weeks

By Ifunanya / June 13, 2025

The Nigerian currency, the naira, recorded its highest depreciation against the dollar on Friday at the official foreign exchange market […]

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Tribunal adjourns judgement in Edo guber petition indefinitely

Indian, 12 Nigerians arraigned in court for N4bn diesel theft from Dangote

By Ifunanya / June 13, 2025

An Indian national, Tukur Shamsudden, and 12 Nigerians were on Tuesday arraigned by the operatives of the Police Special Fraud […]

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Naira records highest appreciation against dollar since Trump's tarrif pause

Naira continues appreciation against dollar at official market

By Ifunanya / June 13, 2025

The naira has continued its appreciation streak against the dollar at the official market on Wednesday. According to Central Bank […]

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'No deal collapsed' - Nigerian Govt breaks silence on forward crude oil sale

‘No deal collapsed’ – Nigerian Govt breaks silence on forward crude oil sale

By Ifunanya / June 13, 2025

The Federal Government has debunked reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National […]

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CBN announces fresh date for first MPC meeting in 2025

We didn’t extend recapitalization deadline for BDC operators – CBN

By Ifunanya / June 13, 2025

The Central Bank of Nigeria said it did not extend the deadline for the recapitalization of legal Bureau De Change […]

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NNPCL names new senior management team

NNPCL releases performance report, announces N5.89trn revenue

By Ifunanya / June 13, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has released a summary of its monthly report for April 2025. The state-owned […]

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Two Nigerian companies push NGX to N405bn gain

Two Nigerian companies push NGX to N405bn gain

By Ifunanya / June 13, 2025

Two Nigerian companies’ stocks propelled the Nigerian Exchange Limited to a N405 billion gain on Wednesday. The two companies with […]

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World Bank appoints Dangote to elite group

Aliko retires from Dangote Sugar Refinery Plc

By Ifunanya / June 13, 2025

The chairman of the Board of Dangote Sugar Refinery Plc, Aliko Dangote, has announced his retirement, bringing an end to […]

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Israel, Iran War: Global oil price surge sparks fear of Nigerian petrol affordability

Israel, Iran War: Global oil price surge sparks fear of Nigerian petrol affordability

By Ifunanya / June 13, 2025

Global oil prices experienced an immediate spike after Israel announced an attack on Iran as tension escalated in the Middle […]

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