Tinubu Power Reforms Attract $2bn, Cut Liabilities
Reforms in Nigeria’s power sector under President Bola Tinubu’s administration are yielding tangible outcomes, attracting $2 billion in new investment […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Oil $100 Dampens Global Growth, Boosts Inflation: EBRD
Oil Price Surge Threatens Global Growth, EBRD Warns Sustained oil prices above $100 per barrel could significantly dampen global economic
African Business News
OECD Cuts 2026 Eurozone Growth Forecast Over Mideast War
The Organisation for Economic Co-operation and Development (OECD) has sharply lowered its growth forecast for the eurozone for 2026, citing
African Business News
AGF Fagbemi Faults Atiku on OPL 245 Dispute Resolution
Nigeria’s Attorney General and Minister of Justice, Lateef Fagbemi, has rejected assertions by former Vice President Atiku Abubakar that the
EU Investigates Snapchat for Child Protection Under DSA
The European Union has opened a formal investigation into Snapchat to assess whether the platform violates the bloc’s Digital Services
Naira Falls in Official, Black Markets on CBN Policies
The naira weakened against the U.S. dollar in both official and parallel foreign exchange markets on Wednesday, shortly after the
African Business News
EU Accuses Porn Platforms of Child Access to Adult Content
The European Union has taken simultaneous regulatory action against major online platforms over child protection failings, accusing four adult content
African Business News
Nigeria FDI Rises Modestly, Share Below 4% in 2025
Foreign Direct Investment (FDI) into Nigeria rose modestly in 2025, increasing by less than 4 per cent in dollar terms
CBN Ends Cash Pooling: IOCs Repatriate 100% Crude Oil Exports
The Central Bank of Nigeria (CBN) has reversed its cash pooling requirement for International Oil Companies (IOCs), announcing that IOCs
![14 Nigerian banks yet to meet CBN's recapitalization deadline [FULL LIST]](/wp-content/uploads/2026/01/Nigerian-Banks-Recapitalisation-Deadline-Looms-1024x614.jpg "CBN Assures Union Bank Stability After Court Ruling")
CBN Assures Union Bank Stability After Court Ruling
The Central Bank of Nigeria (CBN) has formally acknowledged a recent Federal High Court judgment in Lagos that reviewed its
African Business News
G7 Meets In France To Narrow Transatlantic Iran Split
Foreign ministers from the G7 nations are gathering near Paris for a two-day meeting aimed at bridging transatlantic divisions over
African Business News
WTO Deeply Divided Over Trade Reform Amid Mideast War
Divisions among the World Trade Organization’s 166 members threaten to overshadow its 14th ministerial conference, which opened Thursday in Yaoundé,