African Business News

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

Tribunal adjourns judgement in Edo guber petition indefinitely

Indian, 12 Nigerians arraigned in court for N4bn diesel theft from Dangote

By Ifunanya / June 13, 2025

An Indian national, Tukur Shamsudden, and 12 Nigerians were on Tuesday arraigned by the operatives of the Police Special Fraud […]

Continue Reading
Naira records highest appreciation against dollar since Trump's tarrif pause

Naira continues appreciation against dollar at official market

By Ifunanya / June 13, 2025

The naira has continued its appreciation streak against the dollar at the official market on Wednesday. According to Central Bank […]

Continue Reading
'No deal collapsed' - Nigerian Govt breaks silence on forward crude oil sale

‘No deal collapsed’ – Nigerian Govt breaks silence on forward crude oil sale

By Ifunanya / June 13, 2025

The Federal Government has debunked reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National […]

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

We didn’t extend recapitalization deadline for BDC operators – CBN

By Ifunanya / June 13, 2025

The Central Bank of Nigeria said it did not extend the deadline for the recapitalization of legal Bureau De Change […]

Continue Reading
NNPCL names new senior management team

NNPCL releases performance report, announces N5.89trn revenue

By Ifunanya / June 13, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has released a summary of its monthly report for April 2025. The state-owned […]

Continue Reading
Two Nigerian companies push NGX to N405bn gain

Two Nigerian companies push NGX to N405bn gain

By Ifunanya / June 13, 2025

Two Nigerian companies’ stocks propelled the Nigerian Exchange Limited to a N405 billion gain on Wednesday. The two companies with […]

Continue Reading
World Bank appoints Dangote to elite group

Aliko retires from Dangote Sugar Refinery Plc

By Ifunanya / June 13, 2025

The chairman of the Board of Dangote Sugar Refinery Plc, Aliko Dangote, has announced his retirement, bringing an end to […]

Continue Reading
Israel, Iran War: Global oil price surge sparks fear of Nigerian petrol affordability

Israel, Iran War: Global oil price surge sparks fear of Nigerian petrol affordability

By Ifunanya / June 13, 2025

Global oil prices experienced an immediate spike after Israel announced an attack on Iran as tension escalated in the Middle […]

Continue Reading
2027: Tinubu must be re-elected to complete his reforms – Keyamo

Nigerian Aviation Minister Probes Air Peace and Senator Oshiomhole Clash

By Ifunanya / June 13, 2025

Aviation Minister Orders Probe into Air Peace, Senator Oshiomhole Clash A dramatic incident at Lagos Airport has sparked a heated […]

Continue Reading
Gold overtakes euro in global reserves — RT Business News

Gold Surpasses Euro as Second Largest Reserve Asset Amid Central Bank Buying Spree

By Ifunanya / June 13, 2025

In a significant shift in global reserve assets, gold has surpassed the euro to become the second-largest reserve asset by […]

Continue Reading
'He brought joy to millions of Nigerians' — Tinubu reacts to Chukwu's death

Fix Inflation, electricity: Things Tinubu must do to be greatest Nigerian President – Alaje

By Ifunanya / June 10, 2025

A popular Nigerian financial analyst and Chief Economist at SPM, Paul Alaje, has said if President Bola Ahmed Tinubu can […]

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

Why Dangote should sell PMS for N770 per litre — IPMAN

By Ifunanya / June 10, 2025

The Independent Petroleum Marketers Association of Nigeria has explained that Dangote Refinery should sell premium motor spirit around N770 per […]

Continue Reading
Nigeria to earn $7m daily revenue from fertiliser export - Dangote

Dangote vows ‘major shakedowns’ in Nigeria’s oil sector

By Ifunanya / June 10, 2025

The president of Dangote Group and founder of Dangote Refinery, Aliko Dangote has vowed that there will be major shakedowns […]

Continue Reading
Nigerian govt forfeits $4m from World Bank loan

Nigeria to Lose $4 Million World Bank Loan Over Failed Audit Standards

By Ifunanya / June 10, 2025

Nigeria Faces $4 Million Loss from World Bank Loan Due to Audit Standards Failure In a significant setback, the Nigerian […]

Continue Reading
Zuckerberg goes all in on ‘superintelligence’ lab – Bloomberg — RT Business News

Meta Forms Elite AI Team to Pursue Human-Level Intelligence and Challenge Tech Rivals

By Ifunanya / June 10, 2025

In a bold move to accelerate its pursuit of artificial general intelligence (AGI), Meta CEO Mark Zuckerberg is establishing a […]

Continue Reading
Fuel price may drop to N800 per litre - Marketers

Nigerian petrol marketers reduce fuel pump price for patronage

By Ifunanya / June 7, 2025

Nigerian petroleum products marketers have reduced their premium motor spirit pump price downwards to attract patronage. Media Talk Africa observed […]

Continue Reading
Naira records highest appreciation against dollar since Trump's tarrif pause

Naira gains N32.38 against dollar week-on-week

By Ifunanya / June 7, 2025

Nigeria’s currency, the naira, has gained a significant N32.38 against the dollar on a week-on-week basis at the official foreign […]

Continue Reading
Russian central bank makes major change — RT Business News

Russia Cuts Key Interest Rate to 20% as Inflation Slows Down

By Ifunanya / June 7, 2025

The Bank of Russia has made a significant move by cutting its key interest rate by 100 basis points to […]

Continue Reading
Naira depreciates against dollar across official, black markets after Easter holidays

Eid al-Adha: Naira appreciates massively against dollar across official, black markets

By Ifunanya / June 6, 2025

The naira appreciated massively against the dollar across the official and parallel foreign exchange markets on Thursday, ahead of the […]

Continue Reading
Nigeria to earn $7m daily revenue from fertiliser export - Dangote

Petrol not expensive in Nigeria – Dangote

By Ifunanya / June 5, 2025

The President of Dangote Group of Companies, Aliko Dangote, has named the road leading to the Dangote Refinery after President […]

Continue Reading
Scroll to Top