African Business News

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

Nigerian govt agencies to unlock $25bn revenue through electricity, digital development

Nigerian govt agencies to unlock $25bn revenue through electricity, digital development

By Ifunanya / July 4, 2025

Two Nigerian government agencies, the Galaxy Backbone and the Rural Electrification Agency, have signed a partnership to provide electricity and […]

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Flutterwave secures 20 more U.S. money transmitter licenses

Flutterwave secures 20 more U.S. money transmitter licenses

By Ifunanya / July 4, 2025

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across US states […]

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Russia’s international reserves hit all-time high – central bank — RT Business News

Russia’s International Reserves Reach Record High of $687.7 Billion Despite Frozen Assets

By Ifunanya / July 4, 2025

Russia’s international reserves have reached a record high of $687.7 billion, according to the country’s central bank. This significant increase […]

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

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

By Ifunanya / July 4, 2025

The Oyo State Government has announced plans to support 1,000 young agropreneurs with a ₦1.5 billion fund in a renewed […]

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Investors record N240bn gain as NGX continues bullish trend

55 Nigerian firms push NGX to N403bn gains

By Ifunanya / July 4, 2025

Fifty-five Nigerian firms propelled the Nigerian Exchange Market to a second straight gain on Thursday. The firms that led to […]

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Fuel importation drops by 30m litres in Nigeria - NMDPRA reveals

Fuel price reduction: NMDPRA announces date for petrol pricing summit

By Ifunanya / July 4, 2025

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced July 23 and 24, 2025, as the dates for premium […]

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Naira appreciates massively against dollar in black market

Naira gains against dollar across official, black markets

By Ifunanya / July 4, 2025

The naira recorded appreciation against the dollar at official and parallel foreign exchange markets. The Central Bank of Nigeria’s exchange […]

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We've engaged foreign tracers to locate hidden assets of debtors — AMCON MD Alade

We’ve engaged foreign tracers to locate hidden assets of debtors — AMCON MD Alade

By Ifunanya / July 3, 2025

Managing Director of the Asset Management Corporation of Nigeria, AMCON, Gbenga Alade, said that the agency engaged foreign tracers to […]

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Ibadan DisCo sold for N100bn

Ibadan DisCo sold for N100bn

By Ifunanya / July 3, 2025

The Nigerian government, through the Asset Management Corporation of Nigeria, AMCON, has announced the sale of the Ibadan Electricity Distribution […]

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Edo revenue service rakes in N52.6bn in 6 months

Edo revenue service rakes in N52.6bn in 6 months

By Ifunanya / July 3, 2025

The Edo State Internal Revenue Service, EIRS, on Thursday said it generated a total of N52.6 billion to the coffers […]

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Nigerian stock market bounces back with N378bn gains after four days of losses

Nigerian stock market bounces back with N378bn gains after four days of losses

By Ifunanya / July 3, 2025

The Nigerian Exchange Limited (NGX) bounced back with N378 billion in gains on Wednesday after four days of losses. This […]

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British pound may go ‘woke’ — RT Business News

Bank of England’s Plan to Redesign Pound Notes with Diversity Themes Sparks Backlash

By Ifunanya / July 3, 2025

A plan to redesign the UK’s pound banknotes with a focus on diversity has sparked controversy, with some politicians and […]

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

Naira continues appreciation for third consecutive day

By Ifunanya / July 3, 2025

The naira continued to appreciate against the dollar at the official foreign exchange market on Wednesday, marking the third consecutive […]

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Cooking gas price increases in Nigeria 

Cooking gas price increases in Nigeria 

By Ifunanya / July 2, 2025

Nigeria’s average price for refilling a 12.5kg cylinder of liquefied petroleum gas, LPG, rose by 2.18 per cent on a […]

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Nigerian economy stabilizing – IMF hails Cardoso-led CBN reforms

By Ifunanya / July 2, 2025

The International Monetary Fund has hailed Olayemi Cardoso-led Central Bank of Nigeria’s monetary policy reforms.The fund made this known in […]

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Nigerian petrol marketers give update on fuel price reduction 

BREAKING: Petrol Marketers reduce fuel price nationwide

By Ifunanya / July 2, 2025

Petroleum products marketers have reduced the price of Premium Motor Spirit in Nigeria. The president of the Independent Petroleum Marketers […]

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NOG: Stakeholders push for investment in Nigeria, Africa's energy sector

NOG: Stakeholders push for investment in Nigeria, Africa’s energy sector

By Ifunanya / July 2, 2025

Stakeholders have rallied support for investment and innovation in Africa’s oil and gas sector at the 24th Edition of Nigeria […]

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Richest Russians add $24 billion to wealth – Bloomberg — RT Business News

Russia’s Richest Businessmen See Net Worth Soar by $24.5 Billion in First Half of 2025

By Ifunanya / July 2, 2025

The fortunes of Russia’s wealthiest businessmen have experienced a significant boost, with their combined net worth rising by over $24.5 […]

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Nigeria’s economy grows by 3.7% in H1 2025 – Report

By Ifunanya / July 2, 2025

The Nigerian economy is projected to have grown by around 3.7 percent in the first half of 2025. The growth […]

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Investors record N240bn gain as NGX continues bullish trend

Two Nigerian blue-chip companies exit NGX30 after H1 Index review

By Ifunanya / July 2, 2025

Two Nigerian blue-chip, or top-listed, companies took the exit door at the Nigerian Exchange Limited 30 Index after a review […]

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