US Fed poised for interest rate cut amid political pressure
The US Federal Reserve is expected to announce its first interest rate cut of 2025 on Wednesday. This decision comes […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Fire hits UBA branch building in Lagos Island
A fire broke out in a building on Broad Street, Lagos Island, on Tuesday, prompting the evacuation of occupants and
Dangote Nigerian Investment Challenges Persist
Aliko Dangote, the President and Chief Executive Officer of Dangote Refinery, has stated that some individuals with more liquid assets
African Business News
UN budget cut proposed by Secretary General
The United Nations is facing significant financial challenges, prompting Secretary-General Antonio Guterres to propose a 15% cut to the organization’s
African Business News
Microsoft Phishing Websites Seized in Nigerian Operation
Microsoft has seized approximately 340 websites linked to a Nigerian-based phishing operation, which has resulted in the theft of at
Dangote Refinery Nigerian engineers outperform Indians
Aliko Dangote, President of Dangote Refinery, has praised the performance of Nigerian engineers involved in the construction of the company’s
African Business News
US UK sign 42bn tech deal to boost AI and energy ties
The United Kingdom and the United States have signed a landmark technology pact, valued at $42 billion, to strengthen ties
African Business News
Oil prices drop slightly after rising over 1 percent
Oil prices experienced a slight decline on Wednesday, following a 1% increase in the previous session. As of 7:30 AM
NAMA tariff hike proposed due to economic realities
The Nigerian Airspace Management Agency (NAMA) has clarified that its tariff for airlines has remained unchanged at N11,000 per flight
Naira appreciates against dollar to 1484
The Nigerian naira has recorded its highest appreciation against the US dollar at the official foreign exchange market, with the
African Business News
US Interest Rate Cut Looms Over Asian Markets
Asian markets experienced a mixed day on Wednesday as investors awaited the highly anticipated US interest rate cut, expected to
African Business News
China complains of New Zealand airport harassment
China’s embassy in New Zealand has lodged a formal complaint with the government in Wellington over the alleged harassment of