Nigeria: Petrol, Diesel Up 38%, 24% Y-o-Y
Petrol, Diesel Prices Surge in Nigeria, NBS Reports The Nigerian economy is grappling with a significant increase in the retail […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Northern Leaders Laud Tinubu’s Infrastructure Deliveries
Headline: Northern Nigeria Leaders Applaud President Tinubu’s Infrastructure Progress In a resounding vote of confidence, prominent leaders from Northern Nigeria
African Business News
Bank of Japan Holds Rates, Raises Forecasts Despite Trade Risks
The Bank of Japan (BoJ) held its benchmark interest rate at 0.5% during its latest policy meeting, aligning with market
African Business News
Trump Imposes Fresh Tariffs on Brazil, India as Trade Deadline Nears
With a looming August 1 deadline for sweeping tariff adjustments, the United States unveiled a patchwork of trade measures targeting
US-SK Trade Deal: 15% Tariff, $350B Investment Mirrors EU Pact
The United States and South Korea have finalized a trade agreement featuring a 15% tariff on Korean imports, alongside substantial
NNPCL Drills 4 Oil Wells in Bauchi to Expand Northern Exploration
The Nigerian National Petroleum Company Limited (NNPCL) has completed the drilling of four new oil wells in the Kolmani region
African Business News
NEITI Proposes 3-Pillar Plan to Drive Nigeria’s Sustainable Energy Transition
Nigeria’s extractive industries watchdog has unveiled a three-part strategy aimed at balancing economic shifts toward renewable energy with equity for
African Business News
Tinubu’s Reforms Slash Northern Nigeria Debt by 42%, Boost Revenue
Nigeria’s 19 Northern states have reduced their collective debt by 42% over the past year, according to the country’s Minister
Nigeria to Collect N796bn Annually from New 5% Petrol Surcharge
The Nigerian government is poised to generate an estimated N796 billion ($626 million) annually from a newly introduced 5% surcharge
African Business News
Iran Gold Demand Surges Amid Israel Conflict
Soaring gold purchases in Iran during heightened regional tensions have defied global trends, according to a Thursday report from the
Naira Drops Against Dollar in Forex, First Dip Since July 28
The Nigerian naira weakened against the US dollar in the official foreign exchange market on Wednesday, marking its first depreciation
African Business News
African Central Banks’ Gold Rush Risks Liquidity, Price Crisis: Fitch
A growing trend of central banks in sub-Saharan Africa bolstering gold reserves could backfire if the precious metal’s value declines,