African Business News

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

World Bank appoints Dangote to elite group

Nigerians to Own Shares in Dangote Refinery

By Ifunanya / July 31, 2025

Dangote Announces Share Offering for Nigerians in $20B Refinery Launch Aliko Dangote, President of the Dangote Group, has revealed plans […]

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Lagos Enforces E-Call Up on Lekki-Epe, 10k+ Trucks Registered

By Ifunanya / July 30, 2025

The Lagos State Government is set to enforce a new digital truck management system along the busy Lekki-Epe Corridor starting […]

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FG Commends Dangote Refinery’s Engineering Excellence, Talent Investment

By Ifunanya / July 30, 2025

Nigeria’s Federal Government has recognized the Dangote Petroleum Refinery for its groundbreaking engineering feats and transformative investments in nurturing local […]

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IMF Boosts Nigeria’s 2025-2026 Economic Growth Forecasts

By Ifunanya / July 30, 2025

The International Monetary Fund (IMF) has raised its economic growth projections for Nigeria, signaling cautious optimism for the West African […]

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Adidas Q2 Profits Soar 90% Despite US Tariff Strain

By Ifunanya / July 30, 2025

Adidas has revealed significant financial pressures stemming from U.S. tariffs, though the company stopped short of confirming whether consumers will […]

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Italy Probes Meta’s WhatsApp AI for EU Antitrust Breach

By Ifunanya / July 30, 2025

Italy has launched an antitrust investigation into Meta, alleging the tech giant may have violated European Union competition rules by […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Dangote Refinery Drops NMDPRA, NNPCL Lawsuit Over Fuel Imports

By Ifunanya / July 30, 2025

Dangote Petroleum Refinery and Petrochemicals has formally withdrawn a high-profile lawsuit against Nigeria’s energy regulators and several petroleum marketers, marking […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Dangote Refinery Drops NMDPRA, NNPCL Lawsuit Over Import Licenses

By Ifunanya / July 30, 2025

502 Bad Gateway

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France Q2 Growth Rises on Household Spending Amid Trade Woes

By Ifunanya / July 30, 2025

France’s economy accelerated in the second quarter of 2024, registering stronger-than-expected growth amid global trade tensions and shifting consumer behavior, […]

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Niger Assembly Speaker tasks forum of former legislators to drive growth, development

Niger Assembly Sanctions Erring LGs for Improper Revenue Remittance

By Ifunanya / July 30, 2025

In a move to strengthen fiscal responsibility, Niger State’s legislative body has approved stringent measures against local government councils found […]

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Dangote Refinery Drops ₦100bn Lawsuit Against NNPC, NMDPRA

By Ifunanya / July 30, 2025

Dangote Petroleum Refinery has abruptly withdrawn its high-profile lawsuit against Nigeria’s state-owned oil regulator, national energy company, and several independent […]

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Nigeria’s July Bond Auction Sees Strong ₦186bn Investor Demand

By Ifunanya / July 30, 2025

Nigeria’s Debt Management Office (DMO) reported robust investor interest in its latest federal bond auction, with approximately ₦186 billion ($119 […]

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Vast majority of sanctions against Russia haven’t worked – expert — RT Business News

Most Sanctions on Russia Ineffective as BRICS Trade Grows, Oil Cap Fails

By Ifunanya / July 30, 2025

Western sanctions targeting Russia over its actions in Ukraine have largely failed to achieve their intended impact, with many restrictions […]

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Naira continues depreciation against dollar

Naira Strengthens Officially as Black Market Dips Against Dollar

By Ifunanya / July 30, 2025

The Nigerian naira extended its gains against the US dollar for a second straight day in official trading on Tuesday, […]

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Bismarck Rewane

Nigeria Must Resolve Power Crisis to Boost Economy, Says Rewane

By Ifunanya / July 30, 2025

Nigeria’s persistent electricity shortages risk derailing the country’s economic progress unless immediate, systemic reforms are implemented, according to Bismarck Rewane, […]

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CAC To Delist 100,000 Dormant Companies, Issues 90-Day Ultimatum • Channels Television

CAC to Delist 100k Firms Over Inactivity, CAMA Non-Compliance

By Ifunanya / July 29, 2025

Nigeria’s Corporate Affairs Commission (CAC) has announced plans to remove approximately 100,000 companies from its official register for failing to […]

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Samsung Electronics Shares Retreat After Tesla Deal • Channels Television

Samsung Slips Despite Tesla AI Chip Deal, Texas Yields Eyed

By Ifunanya / July 29, 2025

Samsung Electronics faced a turbulent day on South Korean stock markets Tuesday, with shares initially slipping over 2% before stabilizing […]

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Stock Markets Fall As Trade Relief Fades, Eyes On Data, Earnings

Stocks Fall on Tariff Concerns as Focus Shifts to Fed, Earnings

By Ifunanya / July 29, 2025

Global stock markets retreated Tuesday as optimism over recent U.S. trade agreements with the European Union and Japan gave way […]

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Russia bans all gasoline exports — RT Business News

Russia Bans Gasoline Exports Through Aug to Stabilize Domestic Market

By Ifunanya / July 29, 2025

Russia has enacted a comprehensive ban on gasoline exports, expanding restrictions to include all petroleum producers in an effort to […]

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Oil Rises After US-EU Tariff Deal

Oil Prices Rally as US-EU 15% Tariff Deal Eases Trade War Concerns

By Ifunanya / July 29, 2025

Oil prices climbed moderately on Monday as markets responded to eased trade tensions between the United States and the European […]

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