Luxury Sales Plunge as US-China Tourists Pull Back Amid Currency Shifts
Luxury retailers in Europe and Japan are grappling with significant sales declines as shifts in currency values and geopolitical policies […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Abuja Tops Lagos in Nigeria Foreign Investment Surge Q1 2025
Abuja has dethroned Lagos as Nigeria’s leading hub for foreign investment during the first quarter of 2025, according to new
Nigeria Oil & Gas Collaboration Spurs Investment, Energy Security
Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company Limited, has called for strengthened collaboration between government bodies
Tinubu Signs 2025 Insurance Act to Boost Nigeria’s $1T Economy
Nigeria’s President Bola Tinubu has signed into law a sweeping overhaul of the country’s insurance sector, a move officials say
Seplat JV’s STEP Program Empowers 650 Teachers in Edo & Delta States
A joint venture between Nigeria’s Niger Delta Petroleum Resources (NEPL) and Seplat Energy has launched a major teacher-training initiative, selecting
Femi Otedola’s $898M Loss: 2009 Oil Crash & Naira Devaluation
Nigerian billionaire Femi Otedola has revealed staggering financial losses totaling nearly $900 million during the 2008–2009 global economic crisis, attributing
Heirs Energies CEO at USAEF 2025: Africa’s Energy Transition
Nigeria-based energy firm Heirs Energies will join global policymakers and industry leaders at the 2025 U.S.-Africa Energy Forum (USAEF) in
Trump’s Tariffs and Immigration Curbs Edge US Economy Toward Recession: Experts
Moody’s chief economist Mark Zandi has issued a stark warning that recent U.S. economic policies under President Donald Trump risk
US to Require $15K Visa Bonds from Nigerians to Curb Overstays
The United States is set to introduce a new visa bond requirement targeting travelers from countries with high rates of
African Business News
Eterna Plc Reports ₦1.6b H1 2025 Profit Amid 7% Revenue Growth
Nigerian energy company Eterna Plc has announced a significant financial turnaround, reporting a pre-tax profit of ₦1.57 billion (approximately $1.1
MRS Keeps Petrol Price at N885/Litre Despite Nigeria-Wide Fuel Hike
The price of petrol in Nigeria remains a focal point of market fluctuations as major retailers adjust rates amid shifting
Naira Gains on Dollar as External Reserves Swell in Official FX Market
The Nigerian naira opened the week with a modest gain against the U.S. dollar in official trading, buoyed by a