African Business News

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

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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MultiChoice Nigeria reduces DStv, GOtv subscription price after FCCPC pressure

MultiChoice Nigeria Slashes DStv and GOtv Subscription Fees by 50 Percent Amid Regulatory Pressure

By Ifunanya / June 25, 2025

Breaking: MultiChoice Nigeria Slashes Subscription Fees by 50% Amid Regulatory Pressure In a shocking move, MultiChoice Nigeria, the parent company […]

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FGN Green Bond records N91.42bn subscription - DMO

DMO finalises settlement for N100bn oversubscribed FGN bond

By Ifunanya / June 25, 2025

Nigeria’s Debt Management Office has said settlement for N100 billion bonds is scheduled for Wednesday, June 25, 2025. This marks […]

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Fuel price may drop to N800 per litre - Marketers

Israel-Iran war: Nigerian fuel prices to drop on easing global crude cost – Marketers

By Ifunanya / June 25, 2025

The escalated prices of premium motor spirit in the Nigerian retail market are expected to cool off following the easing […]

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Putin orders government to prepare for return of foreign companies — RT Business News

Putin Orders Government to Prepare for Return of Foreign Companies that Left Russia Due to Ukraine Conflict

By Ifunanya / June 25, 2025

In a significant move, Russian President Vladimir Putin has given the green light for the government to prepare for the […]

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Naira continues depreciation against dollar

Naira records second depreciation against dollar on official FX market

By Ifunanya / June 25, 2025

The naira recorded second consecutive depreciation against the dollar at the official foreign exchange market on Tuesday. Data from the […]

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US, Nigeria launch commercial, investment partnership to boost bilateral trade

US, Nigeria launch commercial, investment partnership to boost bilateral trade

By Ifunanya / June 24, 2025

The United States and the Nigerian government have officially launched the Working Group Meeting of the US-Nigeria Commercial and Investment […]

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Property dispute: Developer admits failing to deliver apartments at agreed date

Property dispute: Developer admits failing to deliver apartments at agreed date

By Ifunanya / June 24, 2025

Chief Executive Officer of Oak Homes Limited and a property developer, Mr. Olukayode Olusanya, has admitted before the Lagos State […]

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FCCPC summons MultiChoice over fresh hike on DStv, Gotv subscriptions, threatens sanctions

BREAKING: FCCPC to arraign MultiChoice Nigeria CEO for obstructing investigation 

By Ifunanya / June 24, 2025

The Federal Competition and Consumer Protection Commission (FCCPC) will arraign MultiChoice Nigeria Limited, Chief Executive Officer, John Ugbe and other […]

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Nigeria-Brazil deepens strategic partnership on livestock production, treatment

Nigeria-Brazil deepens strategic partnership on livestock production, treatment

By Ifunanya / June 24, 2025

Nigeria’s livestock sector is set to receive a boost, following fresh commitments from the Nigerian government to unlock its economic […]

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European gas prices drops after Iran-Israel ceasefire

European gas prices drops after Iran-Israel ceasefire

By Ifunanya / June 24, 2025

The price of European natural gas dropped significantly amid signs of easing tensions in the Middle East, after a ceasefire […]

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China sets new solar record – data — RT Business News

China Sets New Record for Monthly Solar Power Installations Amid Looming Policy Changes and Trade Pressures

By Ifunanya / June 24, 2025

China has set a new record for monthly installed solar power capacity, with a staggering 93 gigawatts of solar panels […]

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46 investors push Nigerian stock market to N279bn gain

46 investors push Nigerian stock market to N279bn gain

By Ifunanya / June 24, 2025

Nigeria’s Minister of Finance, Wale Edun, said federal government revenue rose to N6.9 trillion in the first quarter of 2025 […]

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NNPCL names new senior management team

Nigeria’s Missing N210 Trillion Oil Funds Sparks Transparency Concerns

By Ifunanya / June 24, 2025

Nigeria’s Oil Giant Embroiled in Billion-Dollar Scandal A staggering N210 trillion has gone missing from the Nigerian National Petroleum Company […]

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Calvin Klein files to restore trademark in Russia — RT Business News

Calvin Klein Seeks to Reestablish Brand in Russia Amid Sanctions and Diplomatic Thaw

By Ifunanya / June 24, 2025

In a significant move, US fashion brand Calvin Klein has filed an application to re-register its trademark in Russia, more […]

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

Naira appreciates against dollar in black market

By Ifunanya / June 24, 2025

The naira appreciated against the dollar at the parallel foreign exchange market to kick off the week on a good […]

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Flutterwave powers business growth in Cameroon with fully licensed payment services

Flutterwave powers business growth in Cameroon with fully licensed payment services

By Ifunanya / June 23, 2025

Flutterwave, Africa’s leading financial technology company, is reinforcing its commitment to businesses in Cameroon with a comprehensive suite of digital […]

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Russia and Cuba to launch logistics hub in Gulf of Mexico — RT Business News

Russia and Cuba to Establish Joint Logistics Hub in mariel port to boost latin american trade ties

By Ifunanya / June 23, 2025

Russia is looking to strengthen its trade ties with Latin America through a strategic partnership with Cuba. The two nations […]

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