Illicit Financial Flows Drain Africa of $88B Yearly
Nigeria’s Finance Minister Wale Edun stated that illicit financial flows remove approximately $88 billion annually from African economies, significantly constraining […]
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
Strait of Hormuz Blockade Disrupts Global Oil Trade
The partial restriction of the Strait of Hormuz following the Middle East escalation has severely reduced maritime transit through a
African Business News
Nigeria Targets Investment-Led Growth And Job Creation
Nigeria’s Federal Government has announced a strategic pivot from macroeconomic stabilisation to an investment-led growth model, prioritising private capital mobilisation,
African Business News
Petrol Vessels Dock Lagos Ports to Bridge Supply Gap
Several vessels carrying Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) have docked at Lagos’ Apapa and Tin Can
Nigerian Stock Market Opens Bearish with N276bn Loss
The Nigerian stock market opened the week lower, erasing N276 billion in market capitalization as investors booked profits following recent
African Business News
US Gasoline Prices Hit $4/Gallon Amid Iran War Supply Crisis
U.S. national average retail gasoline prices rose above $4 per gallon for the first time since August 2022, driven by
Cawthorne Blend Crude Export by NNPC Boosts Nigeria Revenue
Nigeria’s oil sector has achieved a key milestone with the first export of a new crude grade, Cawthorne Blend, signalling
US Embassy Venezuela Resumes Operations After Maduro Ouster
The United States officially reopened its embassy in Caracas on Monday, ending a seven-year diplomatic closure and marking a significant
Naira Drops in Official Market, Gains on Black Market
The Nigerian Naira weakened against the US dollar at the official foreign exchange market on Monday, March 30, opening the
NCS Warns Public on Fake Social Media, Use Official Channels
The Nigeria Customs Service (NCS) has issued a public warning against a wave of false information circulating on social media
African Business News
NCC orders telecom compensation for poor network service
The Nigerian Communications Commission (NCC) has mandated mobile network operators (MNOs) to directly compensate subscribers for poor service quality, marking
Iranian Strike Kuwait Kills Indian, Israel Boosts Defense
An Iranian missile strike on a power and water desalination plant in Kuwait resulted in the death of an Indian