African Business News

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

Apple to shift assembly of all US-sold iPhones to India from China

Apple to shift assembly of all US-sold iPhones to India from China

By Ifunanya / April 25, 2025

Apple Inc. has hinted at plans to shift assembly of all iPhones sold in the United States of America to […]

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

Naira continues to appreciate against dollar at official, black markets

By Ifunanya / April 25, 2025

Nigeria’s currency, the Naira continued to appreciate against the dollar at the official and parallel foreign exchange markets on Thursday. Central […]

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'Budget review possible': Nigerian Govt reveals response to Trump tariffs, global downturns

Kyari: Why forensic audit of NNPCL is inevitable – Finance Minister, Edun

By Ifunanya / April 25, 2025

Nigeria’s Minister of Finance, Wale Edun, has explained that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) […]

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US: California becomes world's 4th largest economy, overtakes Japan

US: California becomes world’s 4th largest economy, overtakes Japan

By Ifunanya / April 25, 2025

US state, California, is now the fourth largest economy in the world, surpassing Japan. Governor Gavin Newsom announced this on Thursday as […]

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China defiant as Trump escalates trade war

Trump refutes China’s claim of no trade talks

By Ifunanya / April 25, 2025

US President, Donald Trump on Thursday refuted Chinese claims that no discussions have taken place to ease the ongoing trade […]

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NPCC inaugurates BoT to boost ports efficiency

NPCC inaugurates BoT to boost ports efficiency

By Ifunanya / April 25, 2025

The Nigerian Ports Consultative Council, NPCC, has inaugurated a Board of Trustees, BoT, to boost efficiency in Nigerian ports. Chairman […]

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How tax reforms bill will make housing affordable to Nigerians – Presidency

How tax reforms bill will make housing affordable to Nigerians – Presidency

By Ifunanya / April 25, 2025

The Presidency on Thursday said the Tax Reforms Bill, when passed, will make housing more affordable and available to Nigerians […]

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World Bank appoints Dangote to elite group

World Bank appoints Dangote to elite group

By Ifunanya / April 24, 2025

The World Bank has appointed the President and Chief Executive of the Dangote Group, Aliko Dangote, to its Private Sector […]

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'Budget review possible': Nigerian Govt reveals response to Trump tariffs, global downturns

Nigeria safe for investment – Finance Minister, Edun

By Ifunanya / April 24, 2025

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured investors that Nigeria is safe for investment. […]

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Dollar attempts bounce into Easter weekend

Dollar rebounds amid US trade talks

By Ifunanya / April 24, 2025

The dollar on Thursday took a breather amid a sharp bounce after President Donald Trump backed away from threats to […]

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US tariffs could harm world economy - IMF

Be prudent in spending – IMF tells Nigeria

By Ifunanya / April 24, 2025

The International Monetary Fund, IMF, has advised Nigeria to be prudent in spending after the implementation of hard economic reforms […]

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

Naira records appreciation against dollar at black, official markets

By Ifunanya / April 24, 2025

The naira recorded appreciation against the dollar at both parallel and official foreign exchange markets on Wednesday. Exchange rate data […]

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Earn Trump administration's confidence - US Treasury Secretary Bessent urges IMF, World Bank leaders

Earn Trump administration’s confidence – US Treasury Secretary Bessent urges IMF, World Bank leaders

By Ifunanya / April 24, 2025

United States Treasury Secretary Scott Bessent on Wednesday said the heads of the Bretton Woods institutions need to earn the […]

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BREAKING: Air Peace shuts flight operations nationwide

BREAKING: Air Peace shuts flight operations nationwide

By Ifunanya / April 23, 2025

Nigeria’s airline, Air Peace, has announced the immediate suspension of all its flight operations across Nigeria following an ongoing strike […]

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'You've deviated' — US Treasury Sec Bessent slams IMF

‘You’ve deviated’ — US Treasury Sec Bessent slams IMF

By Ifunanya / April 23, 2025

The United States of America Treasury Secretary, Scott Bessent, has lashed out at the International Monetary Fund, IMF, hinting that […]

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UK to lower US car tariff in push for trade deal

UK to lower US car tariff in push for trade deal

By Ifunanya / April 23, 2025

Chancellor Rachel Reeves has admitted that the UK could lower tariffs on US car imports, as she seeks to negotiate […]

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2027: Kwankwaso moving back to APC, NNPP dead - Ganduje

Kano Pension Board settles N21bn out of N48.6bn inherited from Ganduje govt

By Ifunanya / April 23, 2025

The Executive Secretary of the Kano State Pension Board, Habu Muhammad Fagge, has said that they have an inroads in […]

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'Tomorrow night will be big' - US President Donald Trump teases major announcement

US: Tariffs on China will come down substantially – Trump announces

By Ifunanya / April 23, 2025

President Donald Trump of the United States has said that high tariffs on goods from China will come down substantially. […]

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

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

By Ifunanya / April 23, 2025

Nigeria’s currency, the naira, depreciated against the dollar at the official and parallel foreign exchange markets upon the resumption of […]

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BREAKING: Nigeria Customs records N1.75 trillion revenue collection in Q1 2025

BREAKING: Nigeria Customs records N1.75 trillion revenue collection in Q1 2025

By Ifunanya / April 22, 2025

The Nigeria Customs Service has announced that it recorded N1.751 trillion in revenue collection in the first quarter of 2025. […]

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