African Business News

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

Nigeria projected among top-five world's biggest economies

Nigeria projected among top-five world’s biggest economies

By Ifunanya / June 28, 2025

Nigeria has been projected to be among the top five biggest economies in the world by 2075. The Spectator Index […]

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Elon Musk’s Starlink resumes activation of fresh customers in Nigeria

Elon Musk’s Starlink resumes activation of fresh customers in Nigeria

By Ifunanya / June 28, 2025

United States of America tech billionaire, Elon Musk’s firm, SpaceX Starlink, a satellite internet provider Starlink, has officially resumed activation […]

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Naira appreciates massively against dollar in black market

Naira returns to depreciation against dollar at official foreign exchange market

By Ifunanya / June 28, 2025

The naira returned to depreciation against the dollar at the official foreign exchange and ended the week on a negative […]

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Overbilling: NERC slams N626m fine on Abuja, Ikeja, other DisCos, orders refunds to customers

NERC approves order for Abia to regulate electricity market

By Ifunanya / June 28, 2025

The Nigerian Electricity Regulatory Commission, NERC, has commenced the process of transferring the regulatory oversight of electricity market in Abia […]

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Trump Mobile drops ‘Made in USA’ label amid China copycat concerns — RT Business News

Trump Mobile Removes Made in USA Label Amid Claims New Smartphone is Rebranded Chinese Model

By Ifunanya / June 28, 2025

The Trump Organization has sparked controversy with its new smartphone, the T1, after removing the “Made in the USA” label […]

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News tax laws: I feel fulfilled, hopeful about Nigeria - Oyedele

News tax laws: I feel fulfilled, hopeful about Nigeria – Oyedele

By Ifunanya / June 27, 2025

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has declared that the signing of Nigeria’s […]

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African leaders have no basic economic knowledge to develop continent – Obasanjo

By Ifunanya / June 27, 2025

Former Nigerian President, Olusegun Obasanjo has taken a swipe at Africa’s political elite, saying they lack the basic economic knowledge […]

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N210 alleged Missing Funds, Portharcourt Refinery: NNPCL blames saboteurs for travails

N210 alleged Missing Funds, Portharcourt Refinery: NNPCL blames saboteurs for travails

By Ifunanya / June 27, 2025

The leadership of the Nigerian National Petroleum Company Limited has blamed saboteurs for waves of campaigns of calumny against the […]

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Russia will not bend under sanctions – finance minister — RT Business News

Russia Defies Sanctions with 4% Economic Growth and Self Sufficiency

By Ifunanya / June 27, 2025

Russia’s economy has defied expectations by growing over 4% in the past two years, despite being the world’s most-sanctioned country. […]

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Naira appreciates massively against dollar in black market

Naira records massive appreciation against dollar at official market

By Ifunanya / June 27, 2025

The Naira recorded massive appreciation against the dollar at the official foreign exchange market on Thursday. According to the Central […]

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Tax reform bills: FIRS now Nigeria Revenue Service

Tax reform bills: FIRS now Nigeria Revenue Service

By Ifunanya / June 27, 2025

The Federal Inland Revenue Service has now become the Nigeria Revenue Service, following President Bola Ahmed Tinubu’s assent to four […]

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Flutterwave named among 2025 TIME100 Most Influential Companies

Flutterwave named among 2025 TIME100 Most Influential Companies

By Ifunanya / June 26, 2025

Flutterwave, Africa’s leading payment technology company, has been named among the TIME100 Most Influential Companies List of 2025. This marks […]

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What tax bills assent will do for Nigerians —Tinubu

By Ifunanya / June 26, 2025

President Bola Ahmed Tinubu has explained that signing of the four tax bills would usher in a bold new era […]

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Northern elders warn against escalating political tensions in Kano, demand reversal of Fubara’s suspension

Tinubu signs Tax Reform Bills into law

By Ifunanya / June 26, 2025

President Bola Tinubu has signed four tax reform bills into law, signalling what he described as a bold new era […]

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Transparency in PIA can unlock investment in oil sector - Stakeholders assess NUPRC

CSOs task Nigerian govt to empower NUPRC, urge oil firms to respect regulatory oversight

By Ifunanya / June 26, 2025

Civil society groups, traditional leaders, and community stakeholders have called on the Federal Government to provide the Nigerian Upstream Petroleum […]

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Four Nigerian companies push NGX to N486bn single-day gain

Dangote Sugar, Oando, other stocks push NGX to N1.185tn gains

By Ifunanya / June 26, 2025

Oando, Dangote Sugar and other stocks have propelled Nigerian Exchange Limited, known as the Nigerian Stock Market, to a significant […]

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Transparency in PIA can unlock investment in oil sector - Stakeholders assess NUPRC

NUPRC demands $5,000 application fee payment, other conditions for oil licence extension

By Ifunanya / June 26, 2025

The Nigerian Upstream Petroleum Regulatory Commission officially wrote to holders of around 40 Petroleum Prospecting Licences in Nigeria, informing them […]

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Naira records highest depreciation against dollar in weeks

Naira continues depreciation against dollar at official forex market

By Ifunanya / June 26, 2025

The naira continued depreciation against the dollar at the official foreign exchange market on Wednesday. The Central Bank of Nigeria […]

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Tinubu, Cardoso rally stakeholders as Afreximbank meeting begins in Abuja

Tinubu, Cardoso rally stakeholders as Afreximbank meeting begins in Abuja

By Ifunanya / June 25, 2025

President Bola Tinubu and the Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, have rallied stakeholders as the […]

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Nigerian Senate passes N1.485 trillion 2025 budget for Rivers State

Nigerian Senate passes N1.485 trillion 2025 budget for Rivers State

By Ifunanya / June 25, 2025

The Nigerian senate on Wednesday, passed the 2025 budget of Rivers State, to the tune of N1.485 trillion. The passage […]

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