Most Sanctions on Russia Ineffective as BRICS Trade Grows, Oil Cap Fails
Western sanctions targeting Russia over its actions in Ukraine have largely failed to achieve their intended impact, with many restrictions […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Naira Strengthens Officially as Black Market Dips Against Dollar
The Nigerian naira extended its gains against the US dollar for a second straight day in official trading on Tuesday,
Nigeria Must Resolve Power Crisis to Boost Economy, Says Rewane
Nigeria’s persistent electricity shortages risk derailing the country’s economic progress unless immediate, systemic reforms are implemented, according to Bismarck Rewane,
CAC to Delist 100k Firms Over Inactivity, CAMA Non-Compliance
Nigeria’s Corporate Affairs Commission (CAC) has announced plans to remove approximately 100,000 companies from its official register for failing to
Samsung Slips Despite Tesla AI Chip Deal, Texas Yields Eyed
Samsung Electronics faced a turbulent day on South Korean stock markets Tuesday, with shares initially slipping over 2% before stabilizing
Stocks Fall on Tariff Concerns as Focus Shifts to Fed, Earnings
Global stock markets retreated Tuesday as optimism over recent U.S. trade agreements with the European Union and Japan gave way
Russia Bans Gasoline Exports Through Aug to Stabilize Domestic Market
Russia has enacted a comprehensive ban on gasoline exports, expanding restrictions to include all petroleum producers in an effort to
Oil Prices Rally as US-EU 15% Tariff Deal Eases Trade War Concerns
Oil prices climbed moderately on Monday as markets responded to eased trade tensions between the United States and the European
Eterna Plc Reports 71% Revenue Growth, Ratifies New Leadership At 32nd AGM
Eterna Plc has reported a strong financial turnaround for the fiscal year ended December 31, 2024, posting a 71% increase
NIMC Denies Affiliation With ‘Nigerians Selling BVN, NIN’ To Fintech Firms
The National Identity Management Commission (NIMC) has denied and condemned reports doing the rounds, linking it with some individuals allegedly
EU Accuses Temu Of Breaking Digital Rules
The European Union accused Chinese-founded online shopping giant Temu on Monday of breaching the bloc’s digital rules by not “properly”
French PM Slams EU-US Trade Deal As ‘Submission’
French Prime Minister Francois Bayrou on Monday slammed a weekend trade deal between the United States and the European