Ford to cut 1000 jobs in Germany due to weak electric vehicle demand
Ford has announced plans to cut up to 1,000 jobs at its Cologne plant in Germany, citing weak European demand […]
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
Innovation funding growth slows to 15 year low
Global innovation funding has experienced its slowest growth rate since 2010, according to projections from the United Nations. The World
Lagos Flights Delayed Due to Heavy Rainfall
Air Peace, a prominent Nigerian airline, has announced that several of its flights will experience delays due to a heavy
South Sudan officials steal billions in oil money
South Sudan’s government has been accused of stealing billions of dollars in oil revenue since gaining independence in 2011, according
African Business News
Nigeria Investment Opportunities Open Under Tinubu Reforms
Nigeria’s Vice President, Kashim Shettima, has reiterated the country’s openness to investments and collaborations across various sectors, citing President Bola
African Business News
Nigeria Railway Revival Key to Logistics Hub Lead
Nigeria’s Vice President, Kashim Shettima, has emphasized the need for the country to revive and revitalize its railway services to
African Business News
US Japan Tariffs Reduced On Auto Imports
The United States has lowered its tariffs on Japanese automobiles, implementing a trade pact negotiated with Tokyo. As of Tuesday,
African Business News
Nigeria Suspends 4% Import Levy on Goods
The Nigerian government has suspended the implementation of a 4% Free On Board (FOB) levy on imported goods, following concerns
African Business News
Google invests £5bn in UK for AI development
Google has announced a significant investment in the UK, pledging £5 billion over the next two years to support the
African Business News
Oil production needs new investment to maintain levels
The International Energy Agency (IEA) has emphasized the need for new oil and gas projects to maintain current production levels,
Nigeria Inflation Rate Drops to 20.12 Percent
Nigeria’s inflation rate is expected to decline to a single digit, according to Tope Fasua, the Special Adviser to the
African Business News
US Rate Cut Fears Drive Asian Stocks Higher
Asian markets have risen, extending the record gains on Wall Street, as traders anticipate a US interest rate cut this