African Business News

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

CBN announces fresh date for first MPC meeting in 2025

Nigeria’s external reserves grew by 5.6% to $38.8bn in 2024 — CBN

By Ifunanya / May 3, 2025

The Central Bank of Nigeria, CBN, has reported that the country’s external reserves grew by 5.6 per cent (approximately $2.2 […]

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Fuel price drop imminent as Nigerian govt renews naira-for-crude deal

NNPCL reduces fuel price to N910 per litre

By Ifunanya / May 3, 2025

Nigerian National Petroleum Company Limited, NNPCL, has reduced its retail price of Premium Motor Spirit. Media Talk Africa correspondent observed […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira records highest depreciation against dollar at official market

By Ifunanya / May 3, 2025

The Naira depreciated against the dollar at the official foreign exchange market on Friday to end the week on a negative note. The Central […]

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Brussels floats solution to Trump – FT — RT Business News

EU Ready to Boost US Imports by $56 Billion to Address Trade Imbalance

By Ifunanya / May 3, 2025

In a bid to address the trade imbalance between the European Union and the United States, the EU is considering […]

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Tinubu's reforms not easy, delivering results - Cardoso

Court dismisses request to stop CBN from using e-naira trade mark

By Ifunanya / May 2, 2025

The Federal High Court in Abuja has dismissed the request to stop the Central Bank of Nigeria (CBN) from using […]

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Africa advances toward financial integration with new currency exchange marketplace{Business Africa}

Africa’s Finance Leap

By Ifunanya / May 2, 2025

Africa is taking a major step towards financial unity with the introduction of the Africa Currency Marketplace, a groundbreaking platform […]

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Dollar attempts bounce into Easter weekend

US dollar tumbles against euro, yen

By Ifunanya / May 2, 2025

The US dollar was down on Friday but trimmed some losses against the euro and yen after data showed the […]

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Federal High Court backs CBN, dismisses ban on eNaira trademark use

Federal High Court backs CBN, dismisses ban on eNaira trademark use

By Ifunanya / May 2, 2025

The Federal High Court in Abuja, on Friday, dismissed an interim restraining order filed by eNaira Payment Solutions Limited against […]

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Monitoring: RMAFC to establish National Revenue Dashboard

Monitoring: RMAFC to establish National Revenue Dashboard

By Ifunanya / May 1, 2025

The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has sought the establishment of a National Revenue Dashboard that will interface […]

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Investors lost N215bn as Nigeria’s NGX continues bearish run

Investors lose N81bn in NGX

By Ifunanya / May 1, 2025

The stock market on Wednesday continued in a bearish territory, as investors in Nigerian Exchange Limited lost N81 billion. This […]

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Naira records highest depreciation against dollar amid Trump's tariff war

Naira records highest gain against dollar on official market

By Ifunanya / May 1, 2025

The naira continued its appreciation against the dollar at the official foreign exchange market on Wednesday, marking its highest gain […]

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NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others

NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others

By Ifunanya / April 30, 2025

The new management and board of the Nigerian National Petroleum Company Limited, led by its Group Chief Executive Officer, Bayo […]

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Do more on revenue collection - Nigerian Finance Minister Edun to customs

Do more on revenue collection – Nigerian Finance Minister Edun to customs

By Ifunanya / April 30, 2025

The Minister of Finance, Wale Edun, has asked the customs to do more in its revenue drive while lauding the […]

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FCMB Group Plc's 12th AGM affirms dividend, closes FY 2024 with ₦7.1 trillion in total assets

FCMB Group Plc’s 12th AGM affirms dividend, closes FY 2024 with ₦7.1 trillion in total assets

By Ifunanya / April 30, 2025

FCMB Group Plc convened its 12th Annual General Meeting (AGM) in Lagos on April 29, 2025, where shareholders endorsed the […]

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European Reconstruction Bank sites first West African office In Lagos

European Reconstruction Bank sites first West African office In Lagos

By Ifunanya / April 29, 2025

The Nigerian government has reiterated its firm commitment to a strategic partnership with the European Union, as the European Bank […]

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Fidelity Bank's FY 2024 performance praised by shareholders

Fidelity Bank’s FY 2024 performance praised by shareholders

By Ifunanya / April 29, 2025

Shareholders of tier one lender, Fidelity Bank, have applauded the board and management of the bank for delivering an outstanding […]

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China defiant as Trump escalates trade war

Trump fumes at Jeff Bezos over Amazon’s tariffs move

By Ifunanya / April 29, 2025

President Donald Trump has been left fuming at Amazon owner Jeff Bezos after the retailer revealed plans to include the […]

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Turkey, Italy to strengthen defence cooperation, boost trade

Turkey, Italy to strengthen defence cooperation, boost trade

By Ifunanya / April 29, 2025

The leaders of Italy and Turkey have announced plans to enhance cooperation in the defence industry through new projects, while […]

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CAC disowns Kogi Central group sponsoring Natasha's recall

CAC gives businesses in Nigeria 6-week ultimatum to register or face prosecution

By Ifunanya / April 29, 2025

The Corporate Affairs Commission, CAC, a Nigerian government agency, has issued a six-week notice to unregistered businesses in the country […]

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DMO releases results of April 2025 FGN Bond auction

DMO releases results of April 2025 FGN Bond auction

By Ifunanya / April 29, 2025

The Debt Management Office (DMO) has released the results of the April 2025 Federal Government of Nigeria (FGN) Bond Auction. […]

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