African Business News

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

Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

CBN dismisses claims on Fidelity Bank bankruptcy

By Ifunanya / May 20, 2025

The Central Bank of Nigeria has dismissed bankruptcy claims making the rounds on social media about a Nigerian bank, Fidelity. […]

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Missing N500bn: Transparency International blames Tinubu, Buhari, Obasanjo

Nigeria Presidents Blamed for Billions in Unaccounted Oil Revenue Amid Calls for Transparency and Probe

By Ifunanya / May 20, 2025

Nigeria’s Oil Giant Embroiled in Corruption Scandal: Presidents and National Assembly Blamed A shocking revelation by the World Bank has […]

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Apple slapped with $93,000 LGBTQ propaganda fine in Russia — RT Business News

Apple Fined $93,000 by Russian Court for Violating LGBTQ Propaganda Laws

By Ifunanya / May 20, 2025

A Moscow court has fined Apple $93,000 for violating Russian laws against spreading LGBTQ propaganda. The tech giant was found […]

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BREAKING: Naira-for-crude deal with Dangote Refinery continues indefinitely —Nigerian Govt

Dangote refinery commits to petrol price stability, reduction in Nigeria

By Ifunanya / May 19, 2025

Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to premium motor spirit price stability despite the fluctuations in global […]

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Naira appreciates massively against dollar in black market

Naira appreciates massively against dollar in black market

By Ifunanya / May 19, 2025

The naira appreciated massively against the dollar at the parallel foreign exchange market on Monday. A Bureau de Change operator […]

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Intervene in delays over Port Harcourt, Warri, Kaduna refineries revamps - PETROAN tells Tinubu

Intervene in delays over Port Harcourt, Warri, Kaduna refineries revamps – PETROAN tells Tinubu

By Ifunanya / May 19, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria has called on President Bola Ahmed Tinubu to intervene in the […]

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TCN snubs local manufacturers, awards Chinese firms over N160bn contracts

TCN snubs local manufacturers, awards Chinese firms over N160bn contracts

By Ifunanya / May 19, 2025

Transmission Company of Nigeria has snubbed local manufacturers to award two Chinese firms electricity metre manufacturing contracts worth over N160 […]

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Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

Fidelity Bank seeks Supreme Court judgement interpretation, condemns malicious publication

By Ifunanya / May 19, 2025

Fidelity Bank has applied for the interpretation of a Supreme Court judgement on a legacy transaction between the defunct FSB […]

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CBN announces fresh date for first MPC meeting in 2025

CBN decides on inflation, interest, naira exchange rates as MPC meeting begins

By Ifunanya / May 19, 2025

The Central Bank of Nigeria’s Monetary Policy Committee’s two-day meeting begins on Monday through Tuesday, May 19th and 20th, 2025. […]

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Port Harcourt, Warri refineries: Confusion over Kyari's probe

Port Harcourt, Warri refineries: Confusion over Kyari’s probe

By Ifunanya / May 18, 2025

There is palpable confusion over the probe of Mele Kyari, the former Group Chief Executive Officer of the Nigerian National […]

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Enugu, Kebbi, Niger most expensive states to live in Nigeria — NBS

Enugu, Kebbi, Niger most expensive states to live in Nigeria — NBS

By Ifunanya / May 17, 2025

Enugu, Kebbi, and Niger States have been identified as the most expensive states to live in in Nigeria. The National […]

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Germany cuts tax estimates by over €33 billion — RT Business News

Germany’s Tax Revenue to Drop by Billions Due to Economic Downturn and Tax Relief

By Ifunanya / May 17, 2025

Germany’s economy is facing a significant challenge as the country’s tax income is projected to drop by billions of euros […]

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

Naira depreciates against dollar in black market

By Ifunanya / May 17, 2025

The naira depreciated against the dollar at the parallel foreign exchange market to end the week on a negative note. A Bureau […]

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EU slams UK-US trade deal — RT Business News

EU Trade Ministers Slam UK-US Deal and Threaten Retaliation Against Washington

By Ifunanya / May 17, 2025

The European Union is pushing back against the recent trade agreement between the United Kingdom and the United States, warning […]

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Nigeria gaining global traction in oil, gas investment - NUPRC

Nigeria gaining global traction in oil, gas investment – NUPRC

By Ifunanya / May 16, 2025

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has said that the country is attracting renewed global attention as a hotspot […]

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Nigeria attracted $300m investment commitment in creative sector — Minister

Nigeria attracted $300m investment commitment in creative sector — Minister

By Ifunanya / May 16, 2025

Nigeria’s Minister of Art, Culture and Creative Economy, Hannatu Musawa, said the country attracted a $300 million investment commitment in […]

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Three Nigerian states with highest food price hikes - NBS

Three Nigerian states with highest food price hikes – NBS

By Ifunanya / May 16, 2025

The National Bureau of Statistics has named Benue, Ekiti, and Kebbi as states with the highest year-on-year food inflation rate […]

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Naira continues appreciation at official foreign exchange market

Naira records first appreciation against dollar at black market

By Ifunanya / May 16, 2025

The naira has recorded its first appreciation this week against the dollar at the parallel foreign exchange market. A Bureau […]

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'We'll keep crashing rice price' - BUA Chairman Rabiu warns hoarders

BUA Group Pledges to Further Reduce Food Prices After Successful Duty Waiver Initiative

By Ifunanya / May 16, 2025

Food Prices in Nigeria Set to Plummet Further as BUA Group Pledges Continued Support In a move that is expected […]

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BREAKING: Nigeria’s inflation rate drops to 23.7%

BREAKING: Nigeria’s inflation rate drops to 23.7%

By Ifunanya / May 15, 2025

Nigeria’s inflation dropped to 23.7 percent in April, from 24.23 percent in March 2025. The National Bureau of Statistics, NBS, […]

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