Nigerian AgriTech Startups: FCMB & FMO’s ₦20m Readiness Boost
In a collaborative effort to accelerate agricultural innovation, Nigeria’s First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Inflation Drops to 21.88% in July: Fourth Consecutive Decline
Nigeria’s inflation rate fell for the fourth consecutive month in July 2025, dipping to 21.88% from 22.22% in June, according
Okonjo-Iweala’s Tinubu Support Diplomatic, Says Abati
A prominent Nigerian journalist has weighed in on recent debates over the state of the nation’s economy, urging citizens to
Stocks Stall as Inflation Surprise Meets US-Russia Oil Jitters
US stocks closed with minimal movement on Thursday as investors digested a higher-than-anticipated inflation report and rising oil prices ahead
Naira Strengthens Further Against Dollar in Official FX Market
Draft: The Nigerian naira extended its gradual strengthening against the US dollar in official trading on Thursday, marking a second
Okonjo-Iweala Urges Tinubu to Grow Economy, Boost Social Safety Nets
Ngozi Okonjo-Iweala, Director General of the World Trade Organization and former Nigerian finance minister, has outlined two critical priorities for
EU Stands Firm on Russia Sanctions Amid Ceasefire Speculation
The European Union has firmly denied reports suggesting a potential easing of sanctions against Russia in exchange for a ceasefire
NNPCL Lowers Fuel Price by N55 in Abuja on Dangote Adjustment
Nigerians in the capital city of Abuja saw a welcome shift in fuel costs this week as the Nigerian National
EPAC: NNPC-FAAC Reconciliation Recovers $459M Oil Debt, Boosts Revenue
A major overhaul of revenue management practices in Nigeria’s oil sector has resulted in improved financial accountability and growing debt
China Counters EU Sanctions With Lithuanian Bank Bans
China has imposed sanctions on two Lithuanian banks, escalating a diplomatic standoff with the European Union in response to the
African Business News
Tinubu, WTO’s Okonjo-Iweala Launch Fund for Nigerian Women Exporters
Nigerian President Bola Tinubu met with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala in Abuja to discuss a new initiative
African Business News
Ajaokuta Steel Crisis: Tinubu Warns of Sovereignty Threat
Nigeria’s President Bola Tinubu has declared the prolonged stagnation of the Ajaokuta Steel Company a critical threat to national sovereignty,