CBN Governor Faces Scrutiny Over Missing N1.44tn Public Funds
The Central Bank of Nigeria (CBN) and its governor, Olayemi Cardoso, are facing scrutiny over the alleged mismanagement of N1.44 […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Nigeria Teams Up with Chinese Firm to Revolutionize CNG Refueling Network
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has partnered with Chinese manufacturer Endurance Group to establish 500 Compressed Natural
Nigeria Inflation Rate Expected to Drop Further in October
Nigeria is set to release its October inflation report on Monday, November 17, 2025, following a sixth consecutive decline in
African Business News
Bitcoin price drops nearly 2% to 93684
Bitcoin, the world’s largest cryptocurrency by market value, experienced a decline of 1.59% to $93,684 at 4:21 p.m. ET on
African Business News
Japan China tourism stocks fall
Japanese tourism and retail stocks plummeted on Monday following a warning from China to its citizens to avoid traveling to
Nigeria CNG expansion with 500 new stations planned
Nigeria has unveiled plans to establish an additional 500 Compressed Natural Gas (CNG) stations across the country, according to a
African Business News
AI Investment: Samsung Plans $310bn Spend
South Korean conglomerate Samsung has announced a significant investment plan, allocating $310 billion over the next five years, primarily in
Nigeria Economy Upgraded to Positive by S&P Global Ratings
Nigeria’s economic outlook has been upgraded to Positive from Stable by S&P Global Ratings, a move welcomed by the country’s
African Business News
Nigeria outlook revised to positive by S&P Global Ratings
S&P Global Ratings has revised its outlook on Nigeria to “positive” from “stable”, citing the country’s ongoing economic reforms. The
African Business News
Lukoil Assets Sale Approved By US
The Trump administration has given clearance for potential buyers to engage in discussions with Russia’s Lukoil regarding the purchase of
African Business News
Colombia buys Swedish warplanes in $4.3bn deal
Colombia has agreed to purchase 17 Swedish warplanes from Saab in a $4.3 billion deal, President Gustavo Petro announced. This
African Business News
Bitcoin price crashes to six-month low amid rate cut fears
Bitcoin has plummeted to its lowest level in six months, marking a significant decline in the cryptocurrency market. This downturn