African Business News

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

Real reason for Dangote Refinery's fresh fuel price drop — IPMAN

Real reason for Dangote Refinery’s fresh fuel price drop — IPMAN

By Ifunanya / May 22, 2025

The Independent Petroleum Marketers Association has revealed that Dangote Refinery’s premium motor spirit price drops to control the country’s petroleum […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

BREAKING: Again, Dangote refinery slashes petrol prices nationwide

By Ifunanya / May 22, 2025

The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit, popularly known as […]

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Nigeria gaining global traction in oil, gas investment - NUPRC

ACEIP backs NUPRC call for $600bn yearly upstream oil, gas investment in Africa

By Ifunanya / May 22, 2025

The African Centre for Energy Investment and Policy (ACEIP) has described the call for African countries to secure at least […]

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Investors lose N70bn in NGX

Investors lose N70bn in NGX

By Ifunanya / May 22, 2025

Stock market investors in Nigerian Exchange Limited lost N70 billion in market capitalisation on Wednesday. This comes as stock performance […]

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Naira appreciates against dollar across official, black markets

Naira appreciates against dollar across official, black markets

By Ifunanya / May 22, 2025

The naira on Wednesday appreciated against the dollar across official and parallel foreign exchange markets. Central Bank of Nigeria official […]

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Italian commerce chamber calls for end to Russia sanctions — RT Business News

Italian-Russian Chamber of Commerce Urges Lifting of Sanctions Hurting Bilateral Trade

By Ifunanya / May 22, 2025

The Italian-Russian Chamber of Commerce is calling on the Italian government to reconsider the sanctions imposed on Russia, citing the […]

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Clark: Labour of our heroes in vain - Peter Obi shades Soyinka, Adeboye, Buhari, others

BudgIT: ‘Nigeria a scene of corruption’ – Peter Obi on N70trn budget fraud

By Ifunanya / May 21, 2025

The Labour Party’s standard bearer in the 2023 election, Peter Obi, Peter Obi has decried the relentless scene of corruption […]

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Nigeria unveiling multi-billion-dollar investment in local content oil, gas opportunities - Lokpobiri

Nigeria unveiling multi-billion-dollar investment in local content oil, gas opportunities – Lokpobiri

By Ifunanya / May 21, 2025

Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has said that Nigeria is unveiling multi-billion-dollar investment opportunities in […]

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Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform

Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform

By Ifunanya / May 21, 2025

Access Bank Plc has reaffirmed its commitment to enhancing financial inclusion for Nigerians in the diaspora, following the successful launch […]

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CPPE raises concerns over CBN interest rate pause

CPPE raises concerns over CBN interest rate pause

By Ifunanya / May 21, 2025

The Centre for the Promotion of Private Enterprise has raised concerns as the Central Bank of Nigeria announced an interest […]

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CBN: Why Naira is stable, more competitive payment system - Cardoso

CBN: Why Naira is stable, more competitive payment system – Cardoso

By Ifunanya / May 21, 2025

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has explained that the country’s currency, the naira, is a […]

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Naira slumps against dollar at Black market after CBN retains interest rate

Naira slumps against dollar at Black market after CBN retains interest rate

By Ifunanya / May 21, 2025

The Naira depreciated against the dollar at the parallel foreign exchange market after the Central Bank of Nigeria retained the […]

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CBN bold reforms have raised investors' confidence in Nigeria — Cardoso

Nigerian economy stabilising — CBN Governor, Cardoso

By Ifunanya / May 20, 2025

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the Nigerian economy has stability.He disclosed this at […]

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Russia’s top IT companies enjoy huge surge in turnover – report — RT Business News

Russian IT Companies Nearly Double Revenue to $83 Billion Amid Rising Domestic Demand

By Ifunanya / May 20, 2025

Russia’s IT sector has experienced a remarkable surge in growth, with the country’s 100 largest IT firms witnessing a 95% […]

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CBN announces fresh date for first MPC meeting in 2025

BREAKING: CBN retains Nigeria’s interest at 27.50%

By Ifunanya / May 20, 2025

The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent. The governor of […]

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Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

CBN dismisses claims on Fidelity Bank bankruptcy

By Ifunanya / May 20, 2025

The Central Bank of Nigeria has dismissed bankruptcy claims making the rounds on social media about a Nigerian bank, Fidelity. […]

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Missing N500bn: Transparency International blames Tinubu, Buhari, Obasanjo

Nigeria Presidents Blamed for Billions in Unaccounted Oil Revenue Amid Calls for Transparency and Probe

By Ifunanya / May 20, 2025

Nigeria’s Oil Giant Embroiled in Corruption Scandal: Presidents and National Assembly Blamed A shocking revelation by the World Bank has […]

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Apple slapped with $93,000 LGBTQ propaganda fine in Russia — RT Business News

Apple Fined $93,000 by Russian Court for Violating LGBTQ Propaganda Laws

By Ifunanya / May 20, 2025

A Moscow court has fined Apple $93,000 for violating Russian laws against spreading LGBTQ propaganda. The tech giant was found […]

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BREAKING: Naira-for-crude deal with Dangote Refinery continues indefinitely —Nigerian Govt

Dangote refinery commits to petrol price stability, reduction in Nigeria

By Ifunanya / May 19, 2025

Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to premium motor spirit price stability despite the fluctuations in global […]

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Naira appreciates massively against dollar in black market

Naira appreciates massively against dollar in black market

By Ifunanya / May 19, 2025

The naira appreciated massively against the dollar at the parallel foreign exchange market on Monday. A Bureau de Change operator […]

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