African Business News

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

Germany cuts tax estimates by over €33 billion — RT Business News

Germany’s Tax Revenue to Drop by Billions Due to Economic Downturn and Tax Relief

By Ifunanya / May 17, 2025

Germany’s economy is facing a significant challenge as the country’s tax income is projected to drop by billions of euros […]

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

Naira depreciates against dollar in black market

By Ifunanya / May 17, 2025

The naira depreciated against the dollar at the parallel foreign exchange market to end the week on a negative note. A Bureau […]

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EU slams UK-US trade deal — RT Business News

EU Trade Ministers Slam UK-US Deal and Threaten Retaliation Against Washington

By Ifunanya / May 17, 2025

The European Union is pushing back against the recent trade agreement between the United Kingdom and the United States, warning […]

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Nigeria gaining global traction in oil, gas investment - NUPRC

Nigeria gaining global traction in oil, gas investment – NUPRC

By Ifunanya / May 16, 2025

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has said that the country is attracting renewed global attention as a hotspot […]

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Nigeria attracted $300m investment commitment in creative sector — Minister

Nigeria attracted $300m investment commitment in creative sector — Minister

By Ifunanya / May 16, 2025

Nigeria’s Minister of Art, Culture and Creative Economy, Hannatu Musawa, said the country attracted a $300 million investment commitment in […]

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Three Nigerian states with highest food price hikes - NBS

Three Nigerian states with highest food price hikes – NBS

By Ifunanya / May 16, 2025

The National Bureau of Statistics has named Benue, Ekiti, and Kebbi as states with the highest year-on-year food inflation rate […]

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Naira continues appreciation at official foreign exchange market

Naira records first appreciation against dollar at black market

By Ifunanya / May 16, 2025

The naira has recorded its first appreciation this week against the dollar at the parallel foreign exchange market. A Bureau […]

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'We'll keep crashing rice price' - BUA Chairman Rabiu warns hoarders

BUA Group Pledges to Further Reduce Food Prices After Successful Duty Waiver Initiative

By Ifunanya / May 16, 2025

Food Prices in Nigeria Set to Plummet Further as BUA Group Pledges Continued Support In a move that is expected […]

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BREAKING: Nigeria’s inflation rate drops to 23.7%

BREAKING: Nigeria’s inflation rate drops to 23.7%

By Ifunanya / May 15, 2025

Nigeria’s inflation dropped to 23.7 percent in April, from 24.23 percent in March 2025. The National Bureau of Statistics, NBS, […]

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Real reason Nigeria struggles with industrialisation - Financial expert Oyelaran-Oyeyinka

Real reason Nigeria struggles with industrialisation – Financial expert Oyelaran-Oyeyinka

By Ifunanya / May 15, 2025

Professor Banji Oyelaran-Oyeyinka, a financial expert and Special Advisor to the President of the African Development Bank, AfDB, Akinwumi Adesina, […]

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Nigerian Stock Market Gains N186 Billion as NGX Index Rises to 109,059

By Ifunanya / May 15, 2025

Nigerian Stock Market Sees Significant Gains, Investors Pocket N186 Billion In a remarkable display of market resilience, the Nigerian Exchange […]

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How NNPCL failed to remit N500bn to FAAC in 2024 — World Bank

How NNPCL failed to remit N500bn to FAAC in 2024 — World Bank

By Ifunanya / May 15, 2025

The World Bank has explained how the Nigerian National Petroleum Company Limited remitted only 50 percent of revenue gains from […]

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Naira continues depreciation against dollar

Again, naira appreciates drastically against dollar at FX official market

By Ifunanya / May 14, 2025

The naira, again appreciated drastically against the dollar at the official foreign exchange market to end Wednesday on a negative […]

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Tinubu flags-off construction of Calabar-Ebonyi-Benue-Nasarawa-Abuja super highway

Tinubu asks Senate to approve N1.7trn 2025 FCT budget

By Ifunanya / May 14, 2025

President Bola Tinubu has sought the approval of the Senate for the Federal Capital Territory Administration’s 2025 Appropriation Bill The […]

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Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m

Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m

By Ifunanya / May 14, 2025

Access Bank has officially unveiled Season 17 of its flagship loyalty reward scheme, DiamondXtra, with a renewed promise to transform […]

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PalmPay awards N3 million to winner of Wealth Wish Campaign

PalmPay awards N3 million to winner of Wealth Wish Campaign

By Ifunanya / May 14, 2025

PalmPay, Africa’s leading mobile financial platform, has announced Amarachi Ujunwa Nwakire as the grand prize winner of its Wealth Wish […]

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NIN enrolment hits over 120m as NIMC gives reasons for price review

NIN enrolment hits over 120m as NIMC gives reasons for price review

By Ifunanya / May 14, 2025

The National Identity Management Commission (NIMC) said it has achieved 120,000,040 million National Identity Number (NIN) enrolments for citizens and […]

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PMS: Dangote refinery cancels June maintenance - Report

PMS: Dangote refinery cancels June maintenance – Report

By Ifunanya / May 14, 2025

Dangote Petrochemical Refinery has reportedly skipped its planned maintenance for June 2025 at its 204,000 barrels per day premium motor […]

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US inflation eases as Nigeria gets set to release April Consumer Price Index

US inflation eases as Nigeria gets set to release April Consumer Price Index

By Ifunanya / May 14, 2025

United States inflation cooled off in April to 2.3 percent, the lowest rate since February 2021, as Nigeria is set […]

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Investors record N240bn gain as NGX continues bullish trend

Investors gain N315bn as NGX rebounds

By Ifunanya / May 14, 2025

Investors at Nigerian Exchange Limited raked in N315 billion in gains on Tuesday as the stocks rebounded, reversing two days […]

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