Naira Hits New Low vs Dollar Despite Rising Reserves
Nigeria’s currency, the naira, extended its decline against the U.S. dollar for the second consecutive day this week, falling to […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Trump Hikes Tariffs on India to 50% Over Russian Oil Purchases
US President Donald Trump announced stricter trade measures targeting India on Wednesday, imposing a 25% tariff increase on select Indian
Brazil Challenges US Tariffs at WTO Over Trump Trade Dispute
Brazil has formally requested intervention from the World Trade Organization (WTO) to challenge steep new tariffs imposed by the United
Gulumbe Villagers Urge Kebbi Governor to Stop Alleged Land Grab
A rural farming community in Nigeria’s Kebbi State has called on Governor Nasir Idris to intervene in a bitter dispute
Nigeria 2025: Foreign Investments Drive Copy Trading Surge and Market Stability
Nigeria’s financial markets are undergoing a transformation in 2025, fueled by a surge in foreign portfolio and direct investments that
Overland Airways Monopoly Airfare Sparks FCCPC Petition
A Nigerian consumer rights advocacy group has escalated allegations of exploitative pricing by domestic airline Overland Airways, sparking regulatory scrutiny
Simplify Nigeria’s Insurance Policies to Boost Public Trust
Nigeria’s insurance sector stands to gain public trust and expand its reach following recent regulatory reforms, according to financial experts,
NNPC Lowers Fuel Price to N900 in Abuja After 48-Hour Hike
In a swift reversal, Nigeria’s state-owned oil company has reduced gasoline prices just two days after implementing a hike, sparking
NCAA Suspends ValueJet Crew Over Safety Protocol Breach
The Nigeria Civil Aviation Authority (NCAA) has suspended the licenses of two ValueJet crew members following a violation of critical
Japan to Import Ford F-150s Under US Deal, Tariffs Uncertain
The United States and Japan are navigating a complex trade landscape as a bilateral agreement aimed at easing tariffs and
Naira Dips Against Dollar in Official and Parallel Markets After Brief Gains
The Nigerian naira reversed its brief rebound this week, slipping against the U.S. dollar in both official and unofficial exchange
FG Revives Oil Palm and Cocoa to Boost Nigerian Economy
Nigeria’s federal government has unveiled plans to revitalize the commercial production of oil palm and cocoa while ramping up support