African Business News

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

Rivers: Fubara drafted 85% of N1.48 trillion 2025 budget by Sole Administrator

By Ifunanya / June 20, 2025

The Nigerian Senate has said that about 85 percent of the N1.48 trillion 2025 Rivers State budget submitted by its […]

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FGN Green Bond records N91.42bn subscription - DMO

FGN Green Bond records N91.42bn subscription – DMO

By Ifunanya / June 20, 2025

Nigeria’s federal government’s third Sovereign Green Bond recorded an oversubscription of N91.42 billion, which is above the N50 billion offer […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues to depreciate against dollar

By Ifunanya / June 20, 2025

The naira continued its depreciation streak against the dollar at the official foreign exchange market on Thursday. According to the […]

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All you need to know about missing N210tn in NNPCL

All you need to know about missing N210tn in NNPCL

By Ifunanya / June 19, 2025

The Nigerian Senate on Wednesday, raised an alarm over the missing N210 trillion in the Nigerian National Petroleum Company Limited […]

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PZ Cussons relaunches Carex with one mission: Win the War Against Germs

PZ Cussons relaunches Carex with one mission: Win the War Against Germs

By Ifunanya / June 19, 2025

Carex, the globally trusted name in hygiene, has officially relaunched in Nigeria, introducing its new Masterbrand identity and an expanded […]

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Why there's missing N210tn in NNPCL - Chief Financial Officer

Why there’s missing N210tn in NNPCL – Chief Financial Officer

By Ifunanya / June 19, 2025

The Chief Financial Officer (CFO) of Nigerian National Petroleum Company Limited, Adedapo Segun, has explained why there is a missing […]

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US companies want to return to Russia – lobby chief — RT Business News

US Businesses Eye Return to Russian Market Amid Renewed Dialogue Hopes

By Ifunanya / June 19, 2025

American businesses are eager to revisit the Russian market, with the majority viewing it as a strategic location for growth. […]

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Four Nigerian companies push NGX to N486bn single-day gain

Seplat, other firms push NGX to massive N1.184tn gains

By Ifunanya / June 19, 2025

Seplat, NEM Insurance, Beta Glass, Linkage Assurance, and 34 other stocks propelled Nigerian Exchange Limited to a N1.184 trillion gain […]

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Nigeria now has 65 CNG stations for cheaper gas - PCNGI

Nigeria now has 65 CNG stations for cheaper gas – PCNGI

By Ifunanya / June 19, 2025

The Nigerian government, through the Presidential Compressed Natural Gas Initiative (PCNGI), has said the country now has 65 CNG stations […]

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Ditching Russian gas could cost EU state €16 billion – Reuters — RT Business News

Slovakia Faces $18 Billion Penalty for Ending Gazprom Contract Under EU Phaseout Plan

By Ifunanya / June 19, 2025

The European Union’s bid to phase out Russian fossil fuels by 2028 may come with a hefty price tag for […]

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Naira records highest depreciation against dollar in weeks

Naira Depreciates Further Against Dollar in Official Market

By Ifunanya / June 19, 2025

Naira Takes a Hit: Currency Depreciates Against Dollar in Official Market In a concerning turn of events, the Nigerian naira […]

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FAAC shares N1.578trn March revenue to Federal, states, local councils

FG, states, local government councils share N1.7trn as revenue increases in May

By Ifunanya / June 18, 2025

The Federation Account Revenue shared a total sum of N1.659 trillion with the Federal Government, state governments, and local government […]

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US tariffs: Global crude prices tumble

Nigerian Govt rolls out fresh guidelines to monitor crude oil export

By Ifunanya / June 18, 2025

The Nigerian government has rolled out new guidelines known as the Advanced Cargo Declaration Regime to ensure transparency in the […]

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Dividend payment: Zenith Bank expects to exit all CBN forbearance arrangements by end of H1 2025

Zenith Bank to Exit CBN Forbearance Arrangements by Mid 2025

By Ifunanya / June 18, 2025

Zenith Bank Plans to Exit CBN’s Forbearance Arrangements by Mid-2025 In a move to reassure investors and stakeholders, Nigeria’s leading […]

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G7 ‘no longer engines of growth’ – senior Putin aide — RT Business News

Global Economic Shifts Accelerate as New Power Centers Emerge Beyond Traditional G7 Nations

By Ifunanya / June 18, 2025

The global economic landscape is undergoing a significant shift, with new power centers emerging to challenge the traditional dominance of […]

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CBN issues traditional guidance to Nigerian banks as recapitalization deadline nears

CBN issues traditional guidance to Nigerian banks as recapitalization deadline nears

By Ifunanya / June 18, 2025

The Central Bank of Nigeria has issued routine transitional guidance for selected Nigerian banks as its 2026 recapitalization deadline approaches. […]

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CBN should reduce interest rates to further drive inflation down in Nigeria - Idakolo 

CBN should reduce interest rates to further drive inflation down in Nigeria – Idakolo 

By Ifunanya / June 18, 2025

A financial expert and the Chief Executive Officer of SD & D Capital Management, Gbolade Idakolo, has urged the Central […]

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Nigerian govt to link credits check to NIN

Nigerian govt to link credits check to NIN

By Ifunanya / June 18, 2025

The Nigerian government said it plans to roll out a policy that will mandate linking Nigerians’ credit scores to their […]

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CAC reviews service fees - Daily Post Nigeria

CAC reviews service fees – Media Talk Africa Nigeria

By Ifunanya / June 18, 2025

The Corporate Affairs Commission, CAC, has announced a review of its service fees, scheduled to take effect from August 1, […]

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Oil prices continue to rise over escalating Israel-Iran conflict — RT Business News

Oil prices surge nearly 5% as Israel-Iran conflict threatens key shipping route

By Ifunanya / June 18, 2025

Global oil prices have surged by almost 5% as the escalating conflict between Israel and Iran sparks concerns over the […]

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