Lagos bond issuance oversubscribed by 55%
Lagos State has successfully concluded the bookbuild for its landmark ₦200 billion bond issuance, achieving a 55% oversubscription. According to […]
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.
Naira Depreciates to N1454 Against Dollar
The Nigerian Naira experienced its highest daily depreciation against the United States Dollar this week, according to the Central Bank
African Business News
China Germany trade partnership grows
China has regained its position as Germany’s top trading partner, surpassing the United States, according to recent data from the
African Business News
Nigeria Bonds Auction Offers 460bn Subscription
The Debt Management Office (DMO) has announced a ₦460 billion offer for subscription by auction, comprising two re-openings of existing
Nexperia chipmaker control returned to China by Netherlands
The Netherlands has relinquished control of Chinese-owned chipmaker Nexperia, citing “constructive meetings” with Beijing authorities. Economy Minister Vincent Karremans announced
NCAA fines Qatar Airways ₦5 million for consumer protection violations
The Nigerian Civil Aviation Authority (NCAA) has imposed a penalty of ₦5 million on Qatar Airways for violating consumer protection
NAICOM signs deal with Interior Minister on travel insurance
The National Insurance Commission (NAICOM) has entered into an agreement with the Minister of Interior, Dr. Olubunmi Tunji-Ojo, to tackle
Exxon considers buying Lukoil assets in Kazakhstan and Iraq
US oil major Exxon Mobil is considering acquiring parts of sanctioned Russian oil company Lukoil’s international assets, joining Chevron Corp
African Business News
Argentina President Embroiled In Crypto Fraud Scandal
A congressional commission in Argentina has released a report alleging that President Javier Milei may have committed fraud by promoting
African Business News
COP30 Climate Talks Seek Breakthrough Deal
COP30 Climate Talks: Brazil Pushes for Early Breakthrough Brazil, the host of the COP30 climate talks, is pushing for a
China battery exports soar 24% to record high
China’s exports of batteries and battery energy storage systems (BESS) have reached a record high in 2025, with a 24%
African Business News
China Japan seafood imports suspended amid Taiwan row
China has announced that it will suspend imports of Japanese seafood, according to reports from Tokyo, amid a deepening diplomatic