African Business News

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

GTCO Completes GDR Delisting From London Stock Exchange • Channels Television

GTCO Delists GDRs, Dual-Lists on LSE

By Ifunanya / August 1, 2025

Nigeria’s Guaranty Trust Holding Company Completes London Listing Transition In a strategic shift aimed at simplifying its capital structure and […]

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CBN clarifies mass redeployment of staff

CBN Clarifies Staff Redeployment: Not Politically Motivated

By Ifunanya / August 1, 2025

Central Bank of Nigeria Dispels Political Motives Behind Staff Redeployment The Central Bank of Nigeria (CBN) has firmly refuted suggestions […]

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'Balance Economic Growth, Energy Security With Global Transition', SPE Nigeria Tells FG  • Channels Television

SPE Nigeria: Balancing Growth, Security, & Low-Carbon Energy

By Ifunanya / August 1, 2025

Nigeria’s Energy Future: Balancing Growth, Security, and the Low-Carbon Transition In a significant call to action, the Society of Petroleum […]

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FG To Partner With State Govt, Developers On Affordable Housing Projects • Channels Television

Nigeria Launches State-by-State Housing Campaign

By Ifunanya / August 1, 2025

Nigeria Unveils Ambitious State-By-State Housing Campaign In a significant move to address the housing deficit, Nigeria’s Minister of Housing and […]

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China Manufacturing Sinks Again In July As US Trade Talks Stall • Channels Television

China’s July Factory Output Slumps to 4-Month Low

By Ifunanya / August 1, 2025

china’s factory output contracts again, raising concerns about cooling demand Official data released on Thursday showed that China’s manufacturing sector […]

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Naira bounces back, appreciates against dollar

Naira Gains at Official Market; Slides at Black Market

By Ifunanya / August 1, 2025

Nigeria’s Naira Rebounds at Official Markets, Slides at Black Market The Nigerian naira staged a comeback at the official foreign […]

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Oyo Govt partners FCMB to empower 1,000 youths with N1.5bn

FCMB Group’s H1 2025 Earnings Surge 23%

By Ifunanya / August 1, 2025

FCMB Group Reports Strong First-Half Performance in 2025 FCMB Group Plc, a leading financial services provider, has announced robust unaudited […]

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Dangote Refinery: Marketers, retailers project petrol pump price to drop below N900/litre nationwide

Nigeria: Petrol, Diesel Up 38%, 24% Y-o-Y

By Ifunanya / August 1, 2025

Petrol, Diesel Prices Surge in Nigeria, NBS Reports The Nigerian economy is grappling with a significant increase in the retail […]

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Northern Nigerian leaders hail Tinubu on infrastructural developments

Northern Leaders Laud Tinubu’s Infrastructure Deliveries

By Ifunanya / August 1, 2025

Headline: Northern Nigeria Leaders Applaud President Tinubu’s Infrastructure Progress In a resounding vote of confidence, prominent leaders from Northern Nigeria […]

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Bank of Japan Holds Rates, Raises Forecasts Despite Trade Risks

By Ifunanya / July 31, 2025

The Bank of Japan (BoJ) held its benchmark interest rate at 0.5% during its latest policy meeting, aligning with market […]

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Trump Imposes Fresh Tariffs on Brazil, India as Trade Deadline Nears

By Ifunanya / July 31, 2025

With a looming August 1 deadline for sweeping tariff adjustments, the United States unveiled a patchwork of trade measures targeting […]

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Trump announces trade deal with South Korea — RT Business News

US-SK Trade Deal: 15% Tariff, $350B Investment Mirrors EU Pact

By Ifunanya / July 31, 2025

The United States and South Korea have finalized a trade agreement featuring a 15% tariff on Korean imports, alongside substantial […]

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NNPCL drills 4 oil wells in Bauchi

NNPCL Drills 4 Oil Wells in Bauchi to Expand Northern Exploration

By Ifunanya / July 31, 2025

The Nigerian National Petroleum Company Limited (NNPCL) has completed the drilling of four new oil wells in the Kolmani region […]

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NEITI Proposes 3-Pillar Plan to Drive Nigeria’s Sustainable Energy Transition

By Ifunanya / July 31, 2025

Nigeria’s extractive industries watchdog has unveiled a three-part strategy aimed at balancing economic shifts toward renewable energy with equity for […]

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Tinubu’s Reforms Slash Northern Nigeria Debt by 42%, Boost Revenue

By Ifunanya / July 31, 2025

Nigeria’s 19 Northern states have reduced their collective debt by 42% over the past year, according to the country’s Minister […]

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Nigerian govt to earn N796bn yearly from 5% petrol surcharge

Nigeria to Collect N796bn Annually from New 5% Petrol Surcharge

By Ifunanya / July 31, 2025

The Nigerian government is poised to generate an estimated N796 billion ($626 million) annually from a newly introduced 5% surcharge […]

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Iran Gold Demand Surges Amid Israel Conflict

By Ifunanya / July 31, 2025

Soaring gold purchases in Iran during heightened regional tensions have defied global trends, according to a Thursday report from the […]

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Naira records first depreciation against dollar at official foreign exchange

Naira Drops Against Dollar in Forex, First Dip Since July 28

By Ifunanya / July 31, 2025

The Nigerian naira weakened against the US dollar in the official foreign exchange market on Wednesday, marking its first depreciation […]

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African Central Banks’ Gold Rush Risks Liquidity, Price Crisis: Fitch

By Ifunanya / July 31, 2025

A growing trend of central banks in sub-Saharan Africa bolstering gold reserves could backfire if the precious metal’s value declines, […]

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39 Nigerian firms push NGX to N863bn gains

39 firms push NGX market cap up N863bn

By Ifunanya / July 31, 2025

Nigeria’s stock market extended its recent surge on Wednesday, fueled by gains across 39 listed companies that propelled the exchange […]

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