Inflation Hurts US Holiday Shopping Amid Rising Living Costs
US households are feeling the pinch of rising living costs this holiday season, with many scaling back on gift-giving and […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Fuel price war hits Nigeria as consumers opt for cheaper petrol
Nigerians are increasingly opting for cheaper petrol at Nigerian National Petroleum Company Limited (NNPCL) and other retail outlets, following a
Nigerian Stock Market Gains N247bn
The Nigerian Exchange Limited began the week on a positive note, with market capitalisation increasing by N247.21 billion on Monday.
Nigeria bans cash payments for revenue transactions
The Nigerian government has announced the immediate suspension of physical cash payments for all revenue transactions, directing Ministries, Departments, and
Federal Government bans cash payments for revenue
The Federal Government of Nigeria has issued a directive banning the use of physical cash for revenue payments, effective immediately.
China trade surplus exceeds $1 trillion mark
China’s trade surplus has surpassed the $1 trillion mark for the first time, reaching $1.08 trillion as of November, according
African Business News
Trump Moves To Block State AI Regulation
President Donald Trump has announced plans to issue an executive order aimed at preventing states from regulating the rapidly growing
FIRS defends Adedeji against Arewa group’s investigation call
The Federal Inland Revenue Service (FIRS) has rejected a call by the Arewa Consultative Youth Movement for its chairman, Zacch
African Business News
Mars Kellanova EU merger approved
The European Commission has approved Mars’ acquisition of Kellanova, the company behind the popular Pringles brand, following an antitrust investigation.
IBM buys Confluent for $11 billion to boost AI data management
IBM has announced plans to acquire Confluent, a US-based data management company, in a deal valued at $11 billion. The
Benin coup attempt sparks bond price fall
Benin’s international bond prices declined on Monday following an attempted coup in the country on Sunday. President Patrice Talon announced
Nigeria Reserves Surge To 6-Year High
Nigeria’s external reserves have reached a six-year high, standing at $45.04 billion as of December 4, 2025, according to the