Senegal Unveils $10B Debt Plan with Tax Hikes, Energy Reforms
Senegal has announced a three-year fiscal overhaul aiming to raise nearly $10 billion to address a mounting debt crisis, with […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Russian Tycoons Gain $20B in H1 2025 as Commodities Drive Wealth Surge
Russia’s wealthiest individuals saw their combined fortunes grow by $20.4 billion during the first half of 2025, fueled largely by
Naira Holds Steady Against Dollar in August 2025 FX Markets
Against a backdrop of mixed economic signals, Nigeria’s currency held steady against the U.S. dollar across both formal and informal
Oyo Task Force Busts Diesel Black Market on Lagos-Ibadan Expressway
Authorities in southwest Nigeria’s Oyo State have dismantled an illegal diesel operation along a major highway, arresting 16 individuals and
African Business News
AfDB Disburses Funds to Boost Nigeria’s Energy Transition
Nigeria, Africa’s most populous nation, has received a significant financial boost towards its energy transition efforts. The African Development Bank
Ramaphosa: South Africa Negotiates to Avoid US Tariffs
South Africa scrambled for a trade lifeline as U.S. tariffs loom President Cyril Ramaphosa is leveraging a week-long respite in
Sabotage Alert: Powerful Individuals Target NNPCL; Tinubu Urged to Act
Oil Firm Sabotage Plot Alleged, Nigerian Admin Urged to Intervene A plot aimed at undermining the Nigerian National Petroleum Company
Exxon Q2 Profits Drop, Shares Rise
ExxonMobil Profits Drop Amidst Lower Crude Prices; Company Bullish on Growth Projects Oil and gas behemoth ExxonMobil announced a decline
Eurozone Inflation Unchanged at 2.0%
EUROZONE INFLATION STEADY IN JULY AT 2.0% In a surprise development, Eurozone inflation remained stable in July, official data from
GTCO Delists GDRs, Dual-Lists on LSE
Nigeria’s Guaranty Trust Holding Company Completes London Listing Transition In a strategic shift aimed at simplifying its capital structure and
CBN Clarifies Staff Redeployment: Not Politically Motivated
Central Bank of Nigeria Dispels Political Motives Behind Staff Redeployment The Central Bank of Nigeria (CBN) has firmly refuted suggestions
SPE Nigeria: Balancing Growth, Security, & Low-Carbon Energy
Nigeria’s Energy Future: Balancing Growth, Security, and the Low-Carbon Transition In a significant call to action, the Society of Petroleum