African Business News

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

Europe Day: EU unveiling €300m worth of new projects in Nigeria — Ambassador Mignot

Europe Day: EU unveiling €300m worth of new projects in Nigeria — Ambassador Mignot

By Ifunanya / May 9, 2025

European Union Ambassador to Nigeria, Gautier Mignot, said the EU is unveiling new projects worth €300 million in Nigeria’s North-West […]

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Implement monthly increases for Lagos CPS retirees — PenCom urges Gov Sanwo-Olu

Implement monthly increases for Lagos CPS retirees — PenCom urges Gov Sanwo-Olu

By Ifunanya / May 9, 2025

The National Pension Commission, PenCom, has urged the Lagos State Governor, Babajide Sanwo-Olu, to extend periodic pension increases—currently enjoyed by […]

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You won't find better partner than Nigeria - Tinubu welcomes Qatari investment

You won’t find better partner than Nigeria – Tinubu welcomes Qatari investment

By Ifunanya / May 9, 2025

President Bola Ahmed Tinubu has reaffirmed Nigeria’s openness to strategic global partnerships as he welcomed fresh investment initiatives from Qatar […]

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Passage of Public Financial Management Bill is our priority — Nigeria's AGF Ogunjimi

Passage of Public Financial Management Bill is our priority — Nigeria’s AGF Ogunjimi

By Ifunanya / May 9, 2025

The Accountant General of the Federation, Mr Shamseldeen Ogunijimi, has expressed his readiness to ensure the successful passage of the […]

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Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

By Ifunanya / May 9, 2025

Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter […]

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Many Nigerians can no longer afford eggs — Poultry farmers lament

Many Nigerians can no longer afford eggs — Poultry farmers lament

By Ifunanya / May 9, 2025

The Poultry Farmers Association of Nigeria has raised alarm that many Nigerians can no longer afford to buy eggs due […]

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Dangote Refinery reduces diesel price

Petrol: We’re not competing with NNPCL – Dangote

By Ifunanya / May 9, 2025

The President and Chief Executive Officer of Dangote Group, Aliko Dangote, says there is no rivalry between his organisation and […]

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Yuan weakens to 7.2095 against dollar

Yuan weakens to 7.2095 against dollar

By Ifunanya / May 9, 2025

The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.2095 against the dollar […]

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Trump seeks tax hike on the rich – media — RT Business News

Trump Proposes 39.6% Tax Bracket for Americans Earning $2.5 Million or More

By Ifunanya / May 9, 2025

In a significant shift in policy, US President Donald Trump has proposed increasing tax rates for the country’s highest earners, […]

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Investors record N240bn gain as NGX continues bullish trend

Investors record N240bn gain as NGX continues bullish trend

By Ifunanya / May 9, 2025

Investors in the Nigerian Exchange Market gained N240 billion in market capitalisation to achieve their fifth consecutive bullish session on […]

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Naira continues depreciation against dollar across official, black FX markets

Naira continues depreciation against dollar across official, black FX markets

By Ifunanya / May 9, 2025

The naira continued to depreciate against the dollar across official and parallel foreign exchange markets on Thursday. Central Bank of […]

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Fuel price drop: Details of first meeting between NNPCL, Dangote emerge

Dangote and NNPC Partner to Boost Nigeria’s Oil and Gas Sector and Reduce Fuel Prices

By Ifunanya / May 9, 2025

Historic Meeting Between Dangote and NNPC CEO Sets Stage for Nigeria’s Energy Sector Revival In a groundbreaking development, Aliko Dangote, […]

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Western firms quietly returning to Russia – Putin aide — RT Business News

Western Businesses Quietly Returning to Russia Despite Sanctions

By Ifunanya / May 8, 2025

A quiet yet significant shift is underway in Russia’s economic landscape. Foreign businesses that departed the country three years ago […]

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FCMB names four new millionaires in ongoing Savings Promo

FCMB names four new millionaires in ongoing Savings Promo

By Ifunanya / May 8, 2025

Four First City Monument Bank (FCMB) customers won ₦1 million each in the latest draw of the bank’s ongoing Millionaire […]

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Naira appreciates across official, black markets to begin on a good note

Naira records highest depreciation against dollar at black market

By Ifunanya / May 8, 2025

The naira recorded the highest depreciation against the dollar at the parallel foreign exchange market on Wednesday. A Bureau de […]

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Investors at NGX rake in N307bn gains

Investors at NGX rake in N307bn gains

By Ifunanya / May 8, 2025

Investors in the Nigerian stock market raked in a N307 billion gain amid increased buying interest. This comes as Nigerian […]

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Indian defense stocks surge after Pakistan escalation – Bloomberg — RT Business News

India’s Defense Companies Gain $5 Billion in Market Value Amid Escalating Tensions with Pakistan

By Ifunanya / May 8, 2025

In the midst of rising tensions between India and Pakistan, the country’s defense companies have experienced a significant surge in […]

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Nigerian Senate rejects VAT increase, passes two tax reform bills

Nigerian Senate rejects VAT increase, passes two tax reform bills

By Ifunanya / May 7, 2025

The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu’s four tax reform bills. The two bills approved are […]

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Dollar rises against yen, euro as Fed trade talks in focus

Dollar rises against yen, euro as Fed trade talks in focus

By Ifunanya / May 7, 2025

The US dollar on Wednesday edged higher against the yen and the euro as traders awaited the outcome of the […]

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Trade War: UK in talks with US officials over movie tariffs

Trade War: UK in talks with US officials over movie tariffs

By Ifunanya / May 7, 2025

British Creative Industries Minister, Chris Bryant on Wednesday said the United Kingdom is in “active discussions” with top US officials […]

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