African Business News

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

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 […]

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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, […]

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Dangote Refinery's cheaper petrol unsettles marketers, importers

Dangote Refinery’s cheaper petrol unsettles marketers, importers

By Ifunanya / April 17, 2025

Petroleum products marketers in Nigeria have hinted that they are on track to losing billions of naira following the ex-depot […]

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Naira appreciates against dollar to end week on good note

Naira records first deprecation against dollar across black, official markets

By Ifunanya / April 17, 2025

The naira depreciated against the dollar at both parallel and official foreign exchange markets on Wednesday, for the first time […]

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Dollar depreciates as investors wait on trade talks

Dollar depreciates as investors wait on trade talks

By Ifunanya / April 16, 2025

The dollar on Wednesday resumed its fall, with both safe-haven and risk-sensitive currencies outperforming the greenback as traders waited to […]

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Fuel importation drops by 30m litres in Nigeria - NMDPRA reveals

NMDPRA counters Dangote refinery’s daily fuel supply figure

By Ifunanya / April 16, 2025

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said Dangote Refinery’s premium motor supply currently stands at 18 […]

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Fuel importation drops by 30m litres in Nigeria - NMDPRA reveals

Fuel importation drops by 30m litres in Nigeria – NMDPRA reveals

By Ifunanya / April 16, 2025

The removal of fuel subsidy by the Federal Government on May 29, 2023 has seen demands for petrol products dropping […]

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CBEX crash: EFCC, INTERPOL begin probe as Nigerians lose trillion to ponzi scheme

CBEX crash: EFCC, INTERPOL begin probe as Nigerians lose trillion to ponzi scheme

By Ifunanya / April 16, 2025

The Economic and Financial Crimes Commission and INTERPOL have commenced a probe of the recently crashed online digital trading platform, […]

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Tariffs: China gives Trump govt conditions to open trade talks negotiations

Tariffs: China gives Trump govt conditions to open trade talks negotiations

By Ifunanya / April 16, 2025

China has given the US President Donald Trump’s government some conditions before it will agree to trade talks with the […]

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Strike deal with Trump or there'll be hell to pay - White House warns Iran

China now faces up to 245% tariffs from US – White House

By Ifunanya / April 16, 2025

A fact sheet released by the White House on Wednesday indicated that China’s retaliatory actions have landed the country with […]

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

Why Nigerians are yet to enjoy significant fuel price drop – Marketers

By Ifunanya / April 16, 2025

The Independent Petroleum Marketers Association of Nigeria has explained that the eventual renewal of the naira-for-crude deal between the Nigerian […]

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Naira appreciates against dollar to end week on good note

Naira appreciates against dollar despite spike in inflation

By Ifunanya / April 16, 2025

The naira appreciated against the dollar at the official foreign exchange market on Tuesday, despite the high inflation rate. Data […]

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CBEX Crash: Ten times Nigerians lost billions after falling into hands of Ponzi schemes operators

CBEX: What you need to know about crashed trading platform as Nigerians count losses

By Ifunanya / April 15, 2025

Thousands of Nigerians on different social media platforms on Tuesday counted their losses as a digital asset trading platform, CBEX, […]

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BREAKING: Despite rebase, Nigeria's inflation rate rises to 24.23%

BREAKING: Despite rebase, Nigeria’s inflation rate rises to 24.23%

By Ifunanya / April 15, 2025

The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate increased to 24.23 percent in March after months […]

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CBEX Crash: Ten times Nigerians lost billions after falling into hands of Ponzi schemes operators

CBEX Crash: Ten times Nigerians lost billions after falling into hands of Ponzi schemes operators

By Ifunanya / April 15, 2025

Nigeria has become a fertile ground target for Ponzi schemes, with millions of unsuspecting investors losing life savings in a […]

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Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt

Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt

By Ifunanya / April 15, 2025

There is looming darkness in Nigeria as power generation companies threaten a showdown. This is as unpaid debts from the […]

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CBEX: Nigerians lose N1.3tn as digital trading platform crashes

CBEX: Nigerians lose N1.3tn as digital trading platform crashes

By Ifunanya / April 15, 2025

Nigerians took to their various social media platforms to lament their losses after a digital asset trading platform, known as […]

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CBN announces fresh date for first MPC meeting in 2025

CBN warns banks against illicit funds in recapitalisation drive

By Ifunanya / April 15, 2025

The Central Bank of Nigeria, CBN, has cautioned deposit money banks against sourcing capital from illicit channels as part of […]

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FCMB's Training Programme transforming our businesses - Entrepreneurs

FCMB’s Training Programme transforming our businesses – Entrepreneurs

By Ifunanya / April 14, 2025

Dozens of entrepreneurs across Nigeria’s southwest are crediting a recent business training programme for helping them improve how they run […]

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Jigawa govt issues stern warning against diversion of agricultural inputs for 2025 rice farming

Jigawa govt issues stern warning against diversion of agricultural inputs for 2025 rice farming

By Ifunanya / April 13, 2025

Jigawa State Government has warned against selling or diverting agricultural inputs meant for the 2025 rice dry season farming programme […]

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