African Business News

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

Real reason Nigeria struggles with industrialisation - Financial expert Oyelaran-Oyeyinka

Real reason Nigeria struggles with industrialisation – Financial expert Oyelaran-Oyeyinka

By Ifunanya / May 15, 2025

Professor Banji Oyelaran-Oyeyinka, a financial expert and Special Advisor to the President of the African Development Bank, AfDB, Akinwumi Adesina, […]

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Nigerian Stock Market Gains N186 Billion as NGX Index Rises to 109,059

By Ifunanya / May 15, 2025

Nigerian Stock Market Sees Significant Gains, Investors Pocket N186 Billion In a remarkable display of market resilience, the Nigerian Exchange […]

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How NNPCL failed to remit N500bn to FAAC in 2024 — World Bank

How NNPCL failed to remit N500bn to FAAC in 2024 — World Bank

By Ifunanya / May 15, 2025

The World Bank has explained how the Nigerian National Petroleum Company Limited remitted only 50 percent of revenue gains from […]

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Naira continues depreciation against dollar

Again, naira appreciates drastically against dollar at FX official market

By Ifunanya / May 14, 2025

The naira, again appreciated drastically against the dollar at the official foreign exchange market to end Wednesday on a negative […]

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Tinubu flags-off construction of Calabar-Ebonyi-Benue-Nasarawa-Abuja super highway

Tinubu asks Senate to approve N1.7trn 2025 FCT budget

By Ifunanya / May 14, 2025

President Bola Tinubu has sought the approval of the Senate for the Federal Capital Territory Administration’s 2025 Appropriation Bill The […]

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Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m

Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m

By Ifunanya / May 14, 2025

Access Bank has officially unveiled Season 17 of its flagship loyalty reward scheme, DiamondXtra, with a renewed promise to transform […]

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PalmPay awards N3 million to winner of Wealth Wish Campaign

PalmPay awards N3 million to winner of Wealth Wish Campaign

By Ifunanya / May 14, 2025

PalmPay, Africa’s leading mobile financial platform, has announced Amarachi Ujunwa Nwakire as the grand prize winner of its Wealth Wish […]

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NIN enrolment hits over 120m as NIMC gives reasons for price review

NIN enrolment hits over 120m as NIMC gives reasons for price review

By Ifunanya / May 14, 2025

The National Identity Management Commission (NIMC) said it has achieved 120,000,040 million National Identity Number (NIN) enrolments for citizens and […]

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PMS: Dangote refinery cancels June maintenance - Report

PMS: Dangote refinery cancels June maintenance – Report

By Ifunanya / May 14, 2025

Dangote Petrochemical Refinery has reportedly skipped its planned maintenance for June 2025 at its 204,000 barrels per day premium motor […]

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US inflation eases as Nigeria gets set to release April Consumer Price Index

US inflation eases as Nigeria gets set to release April Consumer Price Index

By Ifunanya / May 14, 2025

United States inflation cooled off in April to 2.3 percent, the lowest rate since February 2021, as Nigeria is set […]

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Investors record N240bn gain as NGX continues bullish trend

Investors gain N315bn as NGX rebounds

By Ifunanya / May 14, 2025

Investors at Nigerian Exchange Limited raked in N315 billion in gains on Tuesday as the stocks rebounded, reversing two days […]

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Naira continues appreciation at official foreign exchange market

Naira continues appreciation at official foreign exchange market

By Ifunanya / May 14, 2025

Nigeria’s currency, the naira, continued to appreciate against the dollar at the official exchange market on Tuesday. The Central Bank […]

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CBN announces fresh date for first MPC meeting in 2025

CBN unveils new platform to unlock more diaspora remittances into Nigeria

By Ifunanya / May 13, 2025

The Central Bank of Nigeria, CBN, in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank […]

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TSA & Remita: 7 fast facts every Nigerian should know

TSA & Remita: 7 fast facts every Nigerian should know

By Ifunanya / May 13, 2025

Public conversations around the Treasury Single Account (TSA) have resurfaced. This makes it crucial for Nigerians to understand how the […]

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Hardship: Nigerian economy in good shape, grows by 3.4% - World Bank

World Bank, Nigerian Govt disagree on 2025 budget assumptions

By Ifunanya / May 13, 2025

The World Bank has described the Nigeria’s 2025 Budget key assumptions of 2.1 million barrels per day oil production and […]

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Hardship: Nigerian economy in good shape, grows by 3.4% - World Bank

Hardship: Nigerian economy in good shape, grows by 3.4% – World Bank

By Ifunanya / May 13, 2025

The World Bank says Nigeria’s economy is in good shape as it grew by 3.4 percent in 2024 amid high […]

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Investors lose N297bn as NGX continues week in bearish territory

Investors lose N297bn as NGX continues week in bearish territory

By Ifunanya / May 13, 2025

Investors in Nigerian Exchange Limited lost N297 billion or dipped by 0.44 percent to continue its Friday’s bearish trend. This […]

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Dangote Refinery: Marketers, retailers project petrol pump price to drop below N900/litre nationwide

Dangote Refinery Cuts Petrol Price Again, Expect Nationwide Reduction at Filling Stations

By Ifunanya / May 13, 2025

Breakthrough in Nigeria’s Petroleum Sector: Dangote Refinery’s Price Reduction Set to Trigger Nationwide Drop in Petrol Prices In a move […]

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Lagos Govt cancels work-from-home policy, workers to resume April 1

Lagos generates N1.3 trillion IGR in 2024, records 45% growth

By Ifunanya / May 12, 2025

The Lagos State Government has announced a significant boost in its Internally Generated Revenue (IGR), recording approximately N1.3 trillion in […]

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Flutterwave again named on FXC Top 100 Cross-Border Payment Companies list

Flutterwave Ranked Among Top 100 Cross Border Payment Companies in the World for Second Consecutive Year

By Ifunanya / May 12, 2025

Africa’s Payment Pioneer: Flutterwave Ranked Among Top 100 Cross-Border Payment Companies for Second Consecutive Year In a significant milestone, Flutterwave, […]

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