Naira Redesign Policy Caused Severe Hardship For Nigerians
A Federal Capital Territory High Court has been told that the naira redesign policy implemented by the Central Bank of […]
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
Germany Nigeria deepen economic cooperation with vocational training
The Chamber of Industry and Commerce in Giessen-Friedberg, Germany, has reaffirmed its commitment to strengthening vocational training, institutional development, and
African Business News
Tinubu’s 15% petrol import duty boosts local production
Nigeria’s President Bola Ahmed Tinubu has approved a 15% import duty on petrol and diesel, a move that has garnered
African Business News
Naira gains against US dollar with highest appreciation
The Nigerian Naira has recorded its highest appreciation against the United States dollar at the official foreign exchange market this
African Business News
Tinubu Approves 15% Import Duty on Petrol and Diesel
The Federal Inland Revenue Service has clarified that President Bola Ahmed Tinubu’s recent approval of a 15% import duty on
Polygon powers Flutterwave cross-border payments solution
Polygon Labs has announced a strategic partnership with Flutterwave, Africa’s largest payments infrastructure provider, to utilize Polygon PoS as the
China eases rare earth export controls in US trade deal
China and the US have reached an agreement to ease trade restrictions, with Beijing suspending its latest rare earth export
Poland retains Ukrainian food import ban despite new EU trade deal
Poland has opted to maintain its ban on certain Ukrainian food imports despite the newly implemented EU-Ukraine free trade agreement.
African Business News
Volkswagen reports 1 billion euro loss due to tariffs and Porsche struggles
Volkswagen Reports €1 Billion Loss Due to Tariffs and Porsche Challenges Volkswagen, Europe’s largest carmaker, has reported its first quarterly
African Business News
Naira Reform: Introduce N10,000 N20,000 Notes
A recent economic review by Quartus Economics suggests that the Central Bank of Nigeria (CBN) should consider introducing higher-value currency
African Business News
Shell Profit Rises 24 Percent Despite Lower Oil Prices
Shell and TotalEnergies have reported significant increases in their net profits for the third quarter, despite the decline in oil
African Business News
US Shutdown Delays GDP Data Release Amid Economic Uncertainty
A prolonged US government shutdown has resulted in a significant data blackout, with the release of third-quarter GDP figures being