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 forfeits $4m from World Bank loan

Nigeria to Lose $4 Million World Bank Loan Over Failed Audit Standards

By Ifunanya / June 10, 2025

Nigeria Faces $4 Million Loss from World Bank Loan Due to Audit Standards Failure In a significant setback, the Nigerian […]

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Zuckerberg goes all in on ‘superintelligence’ lab – Bloomberg — RT Business News

Meta Forms Elite AI Team to Pursue Human-Level Intelligence and Challenge Tech Rivals

By Ifunanya / June 10, 2025

In a bold move to accelerate its pursuit of artificial general intelligence (AGI), Meta CEO Mark Zuckerberg is establishing a […]

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Fuel price may drop to N800 per litre - Marketers

Nigerian petrol marketers reduce fuel pump price for patronage

By Ifunanya / June 7, 2025

Nigerian petroleum products marketers have reduced their premium motor spirit pump price downwards to attract patronage. Media Talk Africa observed […]

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

Naira gains N32.38 against dollar week-on-week

By Ifunanya / June 7, 2025

Nigeria’s currency, the naira, has gained a significant N32.38 against the dollar on a week-on-week basis at the official foreign […]

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Russian central bank makes major change — RT Business News

Russia Cuts Key Interest Rate to 20% as Inflation Slows Down

By Ifunanya / June 7, 2025

The Bank of Russia has made a significant move by cutting its key interest rate by 100 basis points to […]

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

Eid al-Adha: Naira appreciates massively against dollar across official, black markets

By Ifunanya / June 6, 2025

The naira appreciated massively against the dollar across the official and parallel foreign exchange markets on Thursday, ahead of the […]

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Nigeria to earn $7m daily revenue from fertiliser export - Dangote

Petrol not expensive in Nigeria – Dangote

By Ifunanya / June 5, 2025

The President of Dangote Group of Companies, Aliko Dangote, has named the road leading to the Dangote Refinery after President […]

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Investors record N240bn gain as NGX continues bullish trend

Oando, other investors gain N224bn as NGX continues three-day uptrend

By Ifunanya / June 5, 2025

Oando and other investors raked in a N224 billion gain in a single day as Nigerian Exchange Limited continued a […]

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Top French robotics firm goes into liquidation — RT Business News

Aldebaran Robot Maker Faces Liquidation Amid 60 Million Euro Debt

By Ifunanya / June 5, 2025

Renowned French robotics company Aldebaran, known for its innovative androids designed to recognize human emotions, has fallen into financial turmoil. […]

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Naira appreciates against dollar across official, black markets

Naira Records Highest Single-Day Gain Against Dollar in Official Foreign Exchange Market

By Ifunanya / June 5, 2025

Naira Records Highest Single-Day Gain Against Dollar In a significant development, the Nigerian naira has achieved its highest single-day appreciation […]

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AEDC workers issue notice to shutdown electricity supply in Abuja, three other Nigerian states

AEDC workers issue notice to shutdown electricity supply in Abuja, three other Nigerian states

By Ifunanya / June 4, 2025

Blackout looms as the National Union of Electricity Employees threaten to down tools and shut down power supply in Abuja, […]

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Investors record N240bn gain as NGX continues bullish trend

Investors gain N259bn as NGX continues uptrend

By Ifunanya / June 4, 2025

Investors at Nigerian Exchange Limited recorded a N259 billion gain on Tuesday to extend the uptrend. This comes as market […]

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Nigeria's naira continues to appreciate against dollar in black market

Naira to Dollar Exchange: Recapitalization deadline for BDC operators ends Tuesday — ABCON

By Ifunanya / June 3, 2025

The Association of Bureau De Change Operators of Nigeria has said the deadline for the recapitalization of legal BDC operators […]

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Major economy facing sharpest slowdown named — RT Business News

US economy to suffer sharpest drop among major nations with growth set to slump to 1.6% this year

By Ifunanya / June 3, 2025

The global economy is bracing for a significant slowdown, with the United States poised to suffer the sharpest drop among […]

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US extends tariff exemptions on certain Chinese imports — RT Business News

US extends tariff pause on Chinese imports through August amid stalled trade talks

By Ifunanya / June 3, 2025

The United States has extended a pause on tariffs for certain Chinese imports until August 31, amidst stalled negotiations between […]

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Nigeria's presidency moves to clear N2tn power debt

Nigeria’s presidency moves to clear N2tn power debt

By Ifunanya / June 3, 2025

Nigeria’s presidency has reaffirmed its stance to clear the country’s N2 trillion legacy debt owed to electricity generation companies before […]

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Fuel price may drop to N800 per litre - Marketers

Fuel, diesel prices may increase as FG, Reps push to implement 5% road user charge

By Ifunanya / June 3, 2025

The price of premium motor spirit and automotive gas oil may increase as the Federal Ministry of Works and House […]

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Tesla execs ‘questioned’ Musk over denial of company plans – Reuters — RT Business News

Tesla Executives Questioned Elon Musk Over Denial of Scrapped Low Cost Electric Vehicle Project

By Ifunanya / June 3, 2025

Tesla CEO Elon Musk’s denial of a report that the company had scrapped its low-cost electric vehicle project, known as […]

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

Naira records massive appreciation across FX markets

By Ifunanya / June 2, 2025

The naira appreciated massively against the dollar across foreign exchange markets to begin the week on an impressive note. At […]

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Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform

Nigeria’s Access Bank acquires Kenya’s NBK

By Ifunanya / June 2, 2025

A Nigerian commercial bank, Access Bank PLC, has officially acquired the National Bank of Kenya, NBK. Access Bank disclosed this […]

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