ChatGPT users to reach 220 million paid subscribers by 2030
OpenAI, a leading artificial intelligence firm, has projected that approximately 220 million of its weekly ChatGPT users will opt for […]
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.
Nigerian Tax Act 2026 Brings Reforms Penalties
Nigeria’s new tax act, set to come into effect on January 1, 2026, aims to transform the nation’s economy, promote
African Business News
Oil prices rise after hitting one-month low
Oil prices have rebounded after hitting a one-month low in the previous session. As of 0512 AM WAT on Wednesday,
African Business News
Taiwan proposes $40 billion defence spending boost
Taiwan’s President Lai Ching-te has announced plans to propose an additional $40 billion in defense spending over the next eight
CBN Unveils New Guidelines To Curb Dud Cheques
The Central Bank of Nigeria (CBN) has introduced a draft of new regulatory guidelines aimed at reducing the issuance of
Naira Gains Against Dollar After CBN Retains Interest Rate
The Nigerian naira has experienced a significant appreciation against the United States dollar at the official foreign exchange market. According
African Business News
UK Budget Boosts Taxes Amid Debt Crisis
The UK government is set to unveil a tax-raising budget aimed at reducing debt and funding public services, while also
Nigeria Interest Rate Stays at 27 Percent
The Central Bank of Nigeria’s Monetary Policy Committee has decided to maintain the benchmark interest rate at 27 percent. This
Nigeria economic stability to boost growth soon
The Central Bank of Nigeria’s Governor, Olayemi Cardoso, has assured the public that the country’s monetary stability will soon have
African Business News
Serbia oil refinery shutdown looms due to US sanctions
Serbia’s sole oil refinery, which supplies the majority of the country’s fuel, is facing a potential shutdown due to US
Russia targets shadow economy with new measures
The Russian government has announced plans to introduce new measures to combat the shadow economy, with a focus on eliminating
Dangote Refinery Expands Capacity to 1.4mbd with Honeywell Partnership
Dangote Group has announced a strategic partnership with Honeywell International Inc. to accelerate the expansion of its petroleum refinery to