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 […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
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
African Business News
Fuel duty hike will hurt Nigerians says APC chieftain
A chieftain of the All Progressives Congress in Delta State, Ayiri Emami, has expressed disapproval of the recently approved 15
African Business News
Trump cuts China fentanyl tariffs to 10 percent
US President Donald Trump announced on Thursday that he has agreed to reduce tariffs on Chinese goods related to fentanyl
African Business News
Nigeria Releases 2.3b To Universities
The Federal Government of Nigeria has released approximately ₦2.3 billion to settle outstanding salary arrears and backlogs owed to the
African Business News
Japan interest rates unchanged at 0.5 percent
The Bank of Japan has maintained its interest rate at 0.5 percent, citing ongoing economic uncertainties tied to US trade
African Business News
Nigeria Seeks Partners To Revive Idle Refineries
The Nigerian National Petroleum Company Limited is seeking technical equity partners to revive its three refineries, which have remained idle
African Business News
Nigeria Electricity Regulator Marks 20 Years
The Nigerian Electricity Regulatory Commission (NERC) is commemorating its 20th anniversary, marking two decades of regulating the Nigerian Electricity Supply