African Business News

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

Nigeria attractive to investors with 83 refineries licenses — PETROAN President Gillis-Harry

Nigeria attractive to investors with 83 refineries licenses — PETROAN President Gillis-Harry

By Ifunanya / April 22, 2025

The National President of the Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry, has said that the 83 refinery licences […]

Continue Reading
Dollar attempts bounce into Easter weekend

Dollar sinks as Trump’s attacks on Fed chief unsettle traders

By Ifunanya / April 22, 2025

The dollar on Tuesday marked a fresh low against the yen and hovered around multi-year lows versus the euro and […]

Continue Reading
Nigeria's money supply hits N114tn despite CBN's policy

Nigeria’s money supply hits N114tn despite CBN’s policy

By Ifunanya / April 22, 2025

Nigeria’s broad money supply has increased to N114.22 trillion in March 2025, defying the Central Bank of Nigeria’s monetary policy […]

Continue Reading
China cuts off new investments in US private equity

China cuts off new investments in US private equity

By Ifunanya / April 22, 2025

Chinese state-backed funds are halting new investments in United States private equity. According to the Financial Times on Monday, this […]

Continue Reading
US: CPPE explains how Trump's tariff will impact Nigerian economy

CPPE kicks against Raw Materials Bill

By Ifunanya / April 21, 2025

The Centre for the Promotion of Private Enterprise, CPPE, has criticised the proposed Raw Materials Bill currently before the Nigerian […]

Continue Reading
Nigeria's electricity generation records steady drop - Report

Nigeria’s electricity generation records steady drop – Report

By Ifunanya / April 21, 2025

Nigeria’s electricity generation peak has recorded a steady drop to 4,742.20 megawatts in the past three days.This is according to […]

Continue Reading

Nine Nigerian banks generates N14tn in revenue from customers’ interest in 2024

By Ifunanya / April 21, 2025

Nine Nigerian banks generated a combined interest income of N14.26 trillion in 2024. This is according to an analysis of […]

Continue Reading
Tariffs: Don't strike trade deal with US at our expense - China warns countries

Tariffs: Don’t strike trade deal with US at our expense – China warns countries

By Ifunanya / April 21, 2025

China on Monday issued a stern warning to countries against striking a broader economic deal with the United States at […]

Continue Reading
Dollar depreciates as investors wait on trade talks

US dollar tumbles as Federal independence under threat

By Ifunanya / April 21, 2025

The US dollar tumbled on Monday as investor confidence in the United States’ economy took another hit over President Donald […]

Continue Reading
CBN bold reforms have raised investors' confidence in Nigeria — Cardoso

CBN bold reforms have raised investors’ confidence in Nigeria — Cardoso

By Ifunanya / April 20, 2025

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the apex bank’s reforms have returned confidence in […]

Continue Reading
Naira records highest appreciation against dollar since Trump's tarrif pause

Easter: Naira appreciates against dollar at black market

By Ifunanya / April 20, 2025

The naira appreciated against the dollar at the parallel foreign exchange market on Saturday amid 2025 Easter day celebrations in […]

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

NNPCL reduces fuel price – Media Talk Africa Nigeria

By Ifunanya / April 20, 2025

The Nigerian National Petroleum Company Limited has reduced its premium motor spirit price, Media Talk Africa reports. Media Talk Africa […]

Continue Reading
CBN announces fresh date for first MPC meeting in 2025

CBN warns BDCs, banks to tighten compliance on anti-money laundering, counter-terrorism regulations

By Ifunanya / April 18, 2025

The Central Bank of Nigeria has warned licenced Bureau De Change Operators and financial institutions in the country against violating […]

Continue Reading
Trump administration set to sack remaining USAID staff

Tariffs: We will have a trade deal with China – Trump

By Ifunanya / April 18, 2025

US President Donald Trump on Thursday said he expects to make a trade deal with China. Trump, however, did not […]

Continue Reading
US court rules Google monopolized online advertising

US court rules Google monopolized online advertising

By Ifunanya / April 18, 2025

The U.S. District Court for the Eastern District of Virginia has ruled that Google violated ​the antitrust law by monopolizing […]

Continue Reading
Naira appreciates against dollar to end week on good note

Naira continues depreciation against dollar as CBN issues BDC operators warning

By Ifunanya / April 18, 2025

The naira further depreciated against the dollar at the official foreign exchange market to end trading on Thursday as the […]

Continue Reading
Flutterwave launches Accelerate Workshop to equip young Africans with in-demand tech skills

Flutterwave launches Accelerate Workshop to equip young Africans with in-demand tech skills

By Ifunanya / April 17, 2025

Flutterwave, Africa’s leading payments technology company, recently unveiled the Flutterwave Accelerate Workshop, a two-day virtual coaching program designed to equip […]

Continue Reading
We're losing our investments, best brains to US, UK, Canada - PTDF

We’re losing our investments, best brains to US, UK, Canada – PTDF

By Ifunanya / April 17, 2025

Petroleum Technology Development Fund, PTDF, has lamented that a good number of students trained abroad through its scholarship scheme for […]

Continue Reading
Dollar attempts bounce into Easter weekend

Dollar attempts bounce into Easter weekend

By Ifunanya / April 17, 2025

The dollar on Thursday lifted from a seven-month low against the yen as US-Japan trade talks avoided the issue of […]

Continue Reading
CBEX crashing: We warned Nigerians - EFCC

CBEX crashing: We warned Nigerians – EFCC

By Ifunanya / April 17, 2025

The Economic Financial Crimes Commission, EFCC, says that many Nigerians failed to listen to its warnings against digital trading platforms, […]

Continue Reading
Scroll to Top