African Business News

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

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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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% […]

Continue Reading
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 […]

Continue Reading
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. […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
Intervene in delays over Port Harcourt, Warri, Kaduna refineries revamps - PETROAN tells Tinubu

Intervene in delays over Port Harcourt, Warri, Kaduna refineries revamps – PETROAN tells Tinubu

By Ifunanya / May 19, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria has called on President Bola Ahmed Tinubu to intervene in the […]

Continue Reading
TCN snubs local manufacturers, awards Chinese firms over N160bn contracts

TCN snubs local manufacturers, awards Chinese firms over N160bn contracts

By Ifunanya / May 19, 2025

Transmission Company of Nigeria has snubbed local manufacturers to award two Chinese firms electricity metre manufacturing contracts worth over N160 […]

Continue Reading
Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

By Ifunanya / May 19, 2025

Fidelity Bank has applied for the interpretation of a Supreme Court judgement on a legacy transaction between the defunct FSB […]

Continue Reading
CBN announces fresh date for first MPC meeting in 2025

CBN decides on inflation, interest, naira exchange rates as MPC meeting begins

By Ifunanya / May 19, 2025

The Central Bank of Nigeria’s Monetary Policy Committee’s two-day meeting begins on Monday through Tuesday, May 19th and 20th, 2025. […]

Continue Reading
Port Harcourt, Warri refineries: Confusion over Kyari's probe

Port Harcourt, Warri refineries: Confusion over Kyari’s probe

By Ifunanya / May 18, 2025

There is palpable confusion over the probe of Mele Kyari, the former Group Chief Executive Officer of the Nigerian National […]

Continue Reading
Enugu, Kebbi, Niger most expensive states to live in Nigeria — NBS

Enugu, Kebbi, Niger most expensive states to live in Nigeria — NBS

By Ifunanya / May 17, 2025

Enugu, Kebbi, and Niger States have been identified as the most expensive states to live in in Nigeria. The National […]

Continue Reading
Scroll to Top