US Tariffs on Gold Bars Hit Swiss Refiners, Roil Bullion Market
The United States has introduced tariffs on imports of gold bars, a move analysts warn could destabilize Switzerland’s refining industry […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Federal Government Pays Second Tranche of N35,000 Wage Award Arrears
The Nigerian Federal Government has disbursed the second installment of delayed wage award payments to its employees, addressing part of
Niger’s 10M Shea Tree Plan to Boost Production, Jobs
Niger State in northern Nigeria has unveiled a sweeping initiative to plant 10 million shea trees across 10,000 hectares of
Naira Gains Against Dollar as Nigeria’s Reserves Near $40B
Nigeria’s currency, the naira, showed tentative signs of stabilization this week, recording a modest gain against the U.S. dollar in
Trump Tariffs Cost Global Automakers $12B, Losses Mount
Fourteen major automakers worldwide have collectively lost nearly $12 billion since the implementation of U.S. President Donald Trump’s expanded trade
Standard Chartered Boosts Africa’s Trade and Infrastructure for Resilience
Standard Chartered has pledged to deepen its role in advancing Africa’s economic resilience and development through targeted investments in trade,
Sanusi Warns Nigeria’s Bankruptcy Result of Decades-Long Policy Failures
Muhammadu Sanusi II, the Emir of Kano and former Central Bank of Nigeria (CBN) governor, has sharply criticized Nigeria’s economic
Lagos Requires LASPA, LASTMA Approval for Hospitality Parking
Hospitality businesses in Lagos, including hotels, event spaces, and nightclubs, must now obtain dual approvals for parking and traffic plans
AfDB Expands Special Agro-Industrial Zones to 28 Nigerian States by 2025
The African Development Bank (AfDB) has announced plans to expand its Special Agro-Industrial Processing Zones (SAPZs) to all of Nigeria’s
United Tech Outage Grounds US Flights, FAA Halts Add to Delays
Thousands of travelers across the United States encountered significant flight disruptions Wednesday evening after a technical failure forced United Airlines
CBN Targets FX Rule Breakers with Sanctions After Deloitte Audit
The Central Bank of Nigeria (CBN) has announced plans to impose civil, administrative, or criminal penalties on entities found to
CBN, NDIC Strengthen Collaboration to Mitigate Risks, Ensure Depositor Confidence
Nigeria’s Central Bank Governor Olayemi Cardoso called for tighter collaboration with the Nigeria Deposit Insurance Corporation (NDIC) to stabilize the