Russians spend record $5.46 billion on foreign holidays
Russians have spent a record amount of money on foreign holidays this year, with a significant outlay of $5.46 billion […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Nigeria interest rate cut boosts economy
The Central Bank of Nigeria’s Monetary Policy Committee has lowered the interest rate by 50 basis points to 27 percent,
Nigeria Refineries Shut Due to Inefficiency Not Dysfunction
Nigeria’s refineries were shut down due to inefficiency, rather than being completely non-functional, according to Festus Osifo, President of the
Nigeria Banks Meet 2026 Recapitalisation Requirements Ahead
The Central Bank of Nigeria has announced that 14 financial institutions in the country have met their 2026 recapitalisation requirements.
Nigeria Cuts Interest Rate to 27 Percent
The Central Bank of Nigeria’s Monetary Policy Committee has announced a reduction in the interest rate, decreasing it by 50
African Business News
Nigeria interest rate cut to 27 percent
The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate from 27.50 percent to 27 percent. This
African Business News
Nigeria oil unions reject government plan to sell JV assets
The Nigerian government’s plan to sell its stakes in joint venture oil assets has been met with opposition from the
GTCO reports ₦601 billion pre-tax profit in H1 2025
Guaranty Trust Holding Company Plc (GTCO) has released its unaudited results for the half year ended June 30, 2025, reporting
Nigeria showcases 200 billion dollar energy transition opportunity
Vice President Kashim Shettima has presented Nigeria’s $200 billion energy transition opportunity to investors at the United Nations General Assembly
Dangote Refinery petrol distribution insufficient nationwide
Oil marketers in Nigeria have expressed concerns that Dangote Refinery’s newly launched fleet of 4,000 CNG-powered trucks may not be
Dangote Refinery Trucks Insufficient for Nigeria Petroleum Distribution
The launch of Dangote Refinery’s CNG-powered trucks has been met with skepticism from oil marketers, who argue that the new
African Business News
Nigeria GDP Growth Accelerates Amidst Inflation Decline
Nigerian economist Ayo Teriba has stated that the country’s accelerating Gross Domestic Product (GDP) growth and declining inflation rate are