Nigeria Content Development Board invests $350m in local firms
The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed $350 million to 100 indigenous companies to enhance local content […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Naira Gains Against Dollar Amid Rising External Reserves
The Nigerian Naira has recorded its highest single-day gain against the US dollar at the official foreign exchange market this
US extends Russian diamond import license until 2026
The United States Treasury Department has extended a license allowing the import of certain Russian diamonds until September 2026. This
African Business News
Nigeria targets $1 trillion economy with Renewed Hope plan
The National Economic Council (NEC) has unveiled the framework for the Renewed Hope Development Plan, aimed at consolidating Nigeria’s reform
NNPC Under Attack Amid Ongoing Transformation Efforts
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is facing opposition to its transformation efforts, according to the company’s Group
Dangote signs $2.5 billion fertiliser plant deal with Ethiopia
A multibillion-dollar agreement has been signed between Aliko Dangote and the Ethiopian government for the construction of a $2.5 billion
African Business News
Access Bank CEO Roosevelt Ogbonna resigns from Access Holdings board
Access Holdings Plc has announced the resignation of Roosevelt Ogbonna, Chief Executive Officer of Access Bank Plc, from its Board
African Business News
South Korea interest rates unchanged amid trade uncertainty
South Korea’s central bank, the Bank of Korea, has decided to maintain its benchmark interest rate at 2.5 percent, citing
African Business News
Pilots retirement age may rise to 67 from 65 globally
The International Air Transport Association (IATA) has proposed an increase in the international age limit for commercial pilots from 65
UK vehicle exports to US rebound after trade deal
UK vehicle exports to the US have seen a significant rebound in July, thanks to a recent trade agreement between
Access Bank CEO Roosevelt Ogbonna resigns as director
Access Holdings Plc, the parent company of Access Bank, has announced the resignation of Roosevelt Ogbonna as a non-executive director
Nigeria stock market loses N324 billion Wednesday
The Nigerian stock market experienced a significant decline on Wednesday, with a loss of N324 billion, marking the first major