African Business News

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

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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Naira continues appreciation at official foreign exchange market

Naira continues appreciation at official foreign exchange market

By Ifunanya / May 14, 2025

Nigeria’s currency, the naira, continued to appreciate against the dollar at the official exchange market on Tuesday. The Central Bank […]

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CBN announces fresh date for first MPC meeting in 2025

CBN unveils new platform to unlock more diaspora remittances into Nigeria

By Ifunanya / May 13, 2025

The Central Bank of Nigeria, CBN, in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank […]

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TSA & Remita: 7 fast facts every Nigerian should know

TSA & Remita: 7 fast facts every Nigerian should know

By Ifunanya / May 13, 2025

Public conversations around the Treasury Single Account (TSA) have resurfaced. This makes it crucial for Nigerians to understand how the […]

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Hardship: Nigerian economy in good shape, grows by 3.4% - World Bank

World Bank, Nigerian Govt disagree on 2025 budget assumptions

By Ifunanya / May 13, 2025

The World Bank has described the Nigeria’s 2025 Budget key assumptions of 2.1 million barrels per day oil production and […]

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Hardship: Nigerian economy in good shape, grows by 3.4% - World Bank

Hardship: Nigerian economy in good shape, grows by 3.4% – World Bank

By Ifunanya / May 13, 2025

The World Bank says Nigeria’s economy is in good shape as it grew by 3.4 percent in 2024 amid high […]

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Investors lose N297bn as NGX continues week in bearish territory

Investors lose N297bn as NGX continues week in bearish territory

By Ifunanya / May 13, 2025

Investors in Nigerian Exchange Limited lost N297 billion or dipped by 0.44 percent to continue its Friday’s bearish trend. This […]

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Dangote Refinery: Marketers, retailers project petrol pump price to drop below N900/litre nationwide

Dangote Refinery Cuts Petrol Price Again, Expect Nationwide Reduction at Filling Stations

By Ifunanya / May 13, 2025

Breakthrough in Nigeria’s Petroleum Sector: Dangote Refinery’s Price Reduction Set to Trigger Nationwide Drop in Petrol Prices In a move […]

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Lagos Govt cancels work-from-home policy, workers to resume April 1

Lagos generates N1.3 trillion IGR in 2024, records 45% growth

By Ifunanya / May 12, 2025

The Lagos State Government has announced a significant boost in its Internally Generated Revenue (IGR), recording approximately N1.3 trillion in […]

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Flutterwave again named on FXC Top 100 Cross-Border Payment Companies list

Flutterwave Ranked Among Top 100 Cross Border Payment Companies in the World for Second Consecutive Year

By Ifunanya / May 12, 2025

Africa’s Payment Pioneer: Flutterwave Ranked Among Top 100 Cross-Border Payment Companies for Second Consecutive Year In a significant milestone, Flutterwave, […]

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US and China reach tariff deal — RT Business News

US and China Agree to Suspend Trade Tariffs in Major Breakthrough

By Ifunanya / May 12, 2025

In a significant breakthrough, the United States and China have agreed to scrap or suspend most of the new trade […]

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'Be transparent in your financial and procurement processes' - Group to NPA

‘Be transparent in your financial and procurement processes’ – Group to NPA

By Ifunanya / May 12, 2025

The Movement For Democracy (MFD), a civic democratic and accountability group has called on the Nigerian Ports Authority (NPA) to […]

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NPA clears air on corruption in budget, procurement processes

NPA clears air on corruption in budget, procurement processes

By Ifunanya / May 12, 2025

The Nigerian Ports Authority (NPA) has strongly denied online allegations of financial misconduct, including claims of multi-billion naira corruption within […]

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Local manufacturers ready for boom in made-in-Nigeria goods - NASENI

Local manufacturers ready for boom in made-in-Nigeria goods – NASENI

By Ifunanya / May 12, 2025

Nigeria’s National Agency for Science and Engineering Infrastructure has hailed President Bola Ahmed Tinubu for approving the Nigeria First Policy. […]

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US could face default by August – Treasury chief — RT Business News

US Treasury Secretary Warns of Looming Debt Ceiling Crisis Threatening Global Financial Stability

By Ifunanya / May 11, 2025

The United States is facing a critical financial situation, with Treasury Secretary Scott Bessent warning that the country could default […]

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Serbia reaffirms commitment to energy cooperation with Russia — RT Business News

Serbia Seeks to Maintain Favorable Russian Gas Supplies Amid EU Pressure

By Ifunanya / May 10, 2025

In a bid to secure its energy future, Serbia is looking to maintain its current favorable terms for Russian gas […]

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Pay your electricity bills or face disconnection - Enugu Disco to residents

Pay your electricity bills or face disconnection – Enugu Disco to residents

By Ifunanya / May 10, 2025

An electricity distribution company, Mainpower, has issued a disconnection notice to its customers in the Abakpa, Awkunanaw, Nsukka, and Ogui […]

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