Naira gains against US dollar for fifth day straight
The Nigerian naira has recorded its fifth consecutive appreciation against the United States dollar at the official foreign exchange market, […]
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.
Nigeria Removed From FATF Grey List
Nigeria’s Removal from FATF Grey List Hailed by President Tinubu Nigeria has been removed from the Financial Action Task Force
African Business News
Petrol price drops below Dangote Refinery rate
The landing cost of imported petrol in Nigeria has decreased to N839.97 per litre as of October 21, 2025, according
Inflation rises 3 percent in US amid rate cut hopes
US consumer inflation rose to 3.0 percent in September, a slight increase from the 2.9 percent recorded in August, according
African Business News
Nigeria Targets 4000mw Renewable Energy Manufacturing Capacity
The Nigerian government has unveiled plans to establish a 4,000-megawatt renewable energy manufacturing capacity across several states in the country.
Oil prices surge over 5% after US sanctions Russian oil majors
Oil prices have surged following the US announcement of sanctions on Russian oil majors Rosneft and Lukoil. Global benchmark Brent
Trump cancels Canada trade talks over tariff ad campaign
US President Donald Trump announced on Thursday that he is terminating all trade negotiations with Canada. This decision comes after
African Business News
Canada reduces GM Stellantis tariff free car imports
Canada has reduced tariff-free import quotas for car manufacturers Stellantis and General Motors (GM) in response to their decision to
African Business News
Naira strengthens against dollar as reserves rise
The Nigerian naira has continued to strengthen against the United States dollar at the official foreign exchange market, marking its
African Business News
Trump pardons Binance founder Changpeng Zhao in crypto case
US President Donald Trump has pardoned Changpeng “CZ” Zhao, the co-founder of cryptocurrency exchange Binance, according to a statement from
Oil prices surge after Trump imposes sanctions on Russia
Global oil prices experienced a significant surge on Thursday, rising by over 5% after US President Donald Trump imposed new
TotalEnergies climate ruling sets legal precedent for corporate greenwashing
A French court has ruled that oil and gas giant TotalEnergies engaged in “misleading commercial practices” by overstating its climate