African Business News

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

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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Telegram announces partnership with Musk — RT Business News

Telegram Teams Up with Elon Musk’s xAI to Bring AI Chatbot to Over 1 Billion Users

By Ifunanya / May 29, 2025

In a significant move to enhance user experience, Telegram, a leading messaging platform, is set to integrate Grok AI, a […]

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Niger Delta Host communities gives NNPCL ultimum to shut down oil production

Niger Delta Host communities gives NNPCL ultimum to shut down oil production

By Ifunanya / May 29, 2025

Host communities in the Niger Delta region have threatened to ground Nigeria’s crude oil production over a prolonged dispute with […]

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DMO releases results of April 2025 FGN Bond auction

Nigerian govt raises N2.205tn on N300bn Sukuk bond for roads construction – DMO

By Ifunanya / May 29, 2025

The Nigeria’s Debt Management Office has announced that the federal government raised N2.205 trillion from its N300 billion series VII […]

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Naira appreciates against dollar across official, black markets

Naira records highest depreciation against dollar as Tinubu marks second anniversary

By Ifunanya / May 29, 2025

Nigeria’s currency, the naira, recorded its highest depreciation against the dollar at the official foreign exchange market on Wednesday as […]

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Nigerians dump NNPCL filling stations over petrol price

Nigerians dump NNPCL filling stations over petrol price

By Ifunanya / May 28, 2025

Nigerians have dumped the Nigerian National Petroleum Company Limited retail outlets over high prices of premium motor spirits. A Media […]

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Investors record N240bn gain as NGX continues bullish trend

‘Tinubu boom’ pushes Nigerian investors to gain N1.086tn in single day at NGX – Analyst

By Ifunanya / May 28, 2025

A popular Nigerian financial analyst and economist, David Adonri, Vice Chairman of Highcap Securities Limited, said investors at Nigerian Exchange […]

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Nigerian banks: NFIU raises alarm over suspicious N48bn transfers to two countries

Nigerian banks: NFIU raises alarm over suspicious N48bn transfers to two countries

By Ifunanya / May 28, 2025

The Nigerian Financial Intelligence Unit has raised alarm over suspicious transactions amounting to N48 billion wired to Dubai and Hong […]

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Nigeria's naira continues to appreciate against dollar in black market

Naira depreciates against dollar across FX markets

By Ifunanya / May 27, 2025

The naira recorded significant depreciation against the dollar across official and parallel foreign exchange markets this week. Central Bank of […]

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Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

Fidelity Bank wins 2025 DBN Innovation Award for MSME Support

By Ifunanya / May 27, 2025

In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc […]

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Russia could restrict return of Western brands – Izvestia — RT Business News

Russia to Regulate Foreign Firms’ Asset Buybacks Amid Sanctions and Market Shift

By Ifunanya / May 27, 2025

Russia is poised to introduce a new law that could significantly impact foreign companies looking to buy back assets they […]

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Children's Day: Mutual funds hit over N8.6tn in Nigeria as SEC pushes for investment literacy

Children’s Day: Mutual funds hit over N8.6tn in Nigeria as SEC pushes for investment literacy

By Ifunanya / May 27, 2025

The Security and Exchange Commission has said Nigeria’s collective investment or mutual funds targeted at children has grown to N8.6 […]

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Nigeria built new port last 48 years ago — NPA MD

Nigeria built new port last 48 years ago — NPA MD

By Ifunanya / May 27, 2025

The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, said the last time the country built a new port […]

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Informal sector needs support, not additional taxes -  FIRS boss

Informal sector needs support, not additional taxes –  FIRS boss

By Ifunanya / May 27, 2025

The chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that the recognition of informal work by the National […]

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

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

By Ifunanya / May 27, 2025

The president of Dangote Group, Aliko Dangote, has said that in the next two years, the 650,000 barrels per day […]

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Naira appreciates against dollar across official, black markets

Naira continues appreciation against dollar

By Ifunanya / May 27, 2025

Nigeria’s naira continued appreciation against the dollar in the official foreign exchange market on Monday. The Central Bank of Nigeria’s […]

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

Second Anniversary: Economists rate Nigerian economy under Tinubu

By Ifunanya / May 27, 2025

Ahead of the President Bola Ahmed Tinubu administration’s second anniversary on May 29th, 2025, economists and financial analysts have rated […]

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Putin hails Russia’s economic growth — RT Business News

Russia Becomes World’s Fourth Largest Economy by Purchasing Power Parity

By Ifunanya / May 27, 2025

Russian President Vladimir Putin has praised the country’s economic performance, citing its rise to the fourth-largest economy in the world […]

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