African Business News

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

Russia’s Sber launches Bitcoin-linked bonds — RT Business News

Russia’s Largest Bank Introduces Bitcoin-Linked Bonds to Qualified Investors

By Ifunanya / June 2, 2025

Russia’s largest lender, Sber, has made a significant move into the cryptocurrency market by introducing structured bonds tied to Bitcoin. […]

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Fortunes of Russia’s richest grow – Bloomberg — RT Business News

Russia’s Billionaires Gain $28 Billion in Wealth Amid Global Ranking Updates

By Ifunanya / June 2, 2025

A significant surge in wealth has been observed among Russia’s richest individuals, with their combined net worth increasing by $28 […]

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China accuses US of violating trade truce — RT Business News

China Accuses US of Violating Trade Deal Amid Escalating Tensions

By Ifunanya / June 2, 2025

A looming trade war between the United States and China has taken a dramatic turn, with Beijing accusing Washington of […]

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

Nigeria’s petrol price 55 percent below West African average – Dangote

By Ifunanya / June 2, 2025

President of Dangote Refinery, Aliko Dangote, has said that with the 650,000 barrels per day refinery price cuts, Nigeria’s premium […]

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Tinubu's ban on foreign goods major boost for Nigerian economy — Stakeholders

Mid Term Report: Group tasks Tinubu on decarbonisation policy, investment in oil, gas sector

By Ifunanya / June 1, 2025

A group, under the auspices of African Centre for Energy Governance and Accountability, ACEGA, has tasked President Bola Tinubu on […]

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Fuel price may drop to N800 per litre - Marketers

BREAKING: NNPCL reduces fuel pump price

By Ifunanya / May 31, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has reduced the pump price of premium motor spirit, PMS. Media Talk Africa […]

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Investors record N240bn gain as NGX continues bullish trend

Investors record N48bn loss as NGX dips

By Ifunanya / May 31, 2025

Investors in Nigerian Exchange Limited shed N48 billion to end the week on a bearish note Friday. NGX data showed […]

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Fuel price may drop to N800 per litre - Marketers

Fuel price may drop to N800 per litre – Marketers

By Ifunanya / May 31, 2025

The Independent Petroleum Marketers Association of Nigeria has said the price of Premium Motor Spirit may nosedive further to N800 […]

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Naira appreciates against dollar across official, black markets

Naira depreciates against dollar at black market

By Ifunanya / May 31, 2025

Nigeria’s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end the week on […]

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China ‘violated’ deal – Trump — RT Business News

US China Trade Tensions Escalate as Trump Accuses Beijing of Breaching Tariff Agreement

By Ifunanya / May 31, 2025

A fragile trade truce between the world’s two largest economies, the US and China, is under threat after US President […]

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Real reason for Dangote Refinery's fresh fuel price drop — IPMAN

Fuel Price Drop: NNPCL encouraging Monopoly — IPMAN alleges

By Ifunanya / May 30, 2025

The Independent Petroleum Marketers Association of Nigeria has alleged that the Nigerian National Petroleum Company Limited is encouraging monopoly in […]

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Investors record N240bn gain as NGX continues bullish trend

NGX dips as investors lose N54bn after days of gain

By Ifunanya / May 30, 2025

The Nigerian Exchange Limited, on Thursday, recorded a drop as investors lost N54 billion despite four days of consecutive gains. […]

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Fitch upgrades Fidelity Bank’s national rating to ‘A+(nga)’, affirms long-term IDR at ‘B’

Fitch upgrades Fidelity Bank’s national rating to ‘A+(nga)’, affirms long-term IDR at ‘B’

By Ifunanya / May 30, 2025

Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded […]

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

Naira bounces back, appreciates against dollar at foreign exchange market

By Ifunanya / May 30, 2025

The naira bounced back, appreciating against the dollar at the official foreign exchange market on Thursday. Central Bank of Nigeria […]

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US-Chinese trade talks ‘stalled’ – Treasury Secretary — RT Business News

US China Trade Talks Stall as Tariff Negotiations Progress Slowly

By Ifunanya / May 30, 2025

Trade talks between the United States and China have hit a roadblock, with US Treasury Secretary Scott Bessent admitting that […]

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Mauritanian Sidi Ould Tah elected AfDB President after Nigeria's Adesina

Mauritanian Sidi Ould Tah elected AfDB President after Nigeria’s Adesina

By Ifunanya / May 29, 2025

Mauritania’s Sidi Ould Tah has been elected as the ninth President of the African Development Bank (AfDB). His election was […]

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CBN spent $8bn on Naira defence against dollar at FX market - Rewane

Nigeria less than satisfactory in practical terms — Rewane on Tinubu’s second anniversary

By Ifunanya / May 29, 2025

Economist and Chief Executive Officer of Financial Derivative, Bismark Rewane, has said that Nigeria is less than satisfactory in practical […]

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Ex-central bank chief predicts Russia will never abandon cash — RT Business News

Russia Unlikely to Abandon Cash as Some Prefer it to Avoid Taxation

By Ifunanya / May 29, 2025

Russia Unlikely to Abandon Cash, Former Central Bank Head Says In a recent interview, Sergey Dubinin, the former head of […]

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NNPCL names new senior management team

NNPCL disowns financial, poverty alleviation scheme video online

By Ifunanya / May 29, 2025

The Nigerian National Petroleum Company Limited has disowned a financial and poverty alleviation scheme making the round on social media. […]

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Tax Reforms in best interest of Nigerian youths - FIRS Chairman

Tax Reforms in best interest of Nigerian youths – FIRS Chairman

By Ifunanya / May 29, 2025

The Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji on Wednesday urged Nigerian youths to be involved in […]

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