Russian Infrastructure Bankruptcies Surge Amid High Rates, Weak Demand
Russia’s infrastructure construction sector is bracing for a surge in bankruptcies as soaring borrowing costs and shrinking demand strain companies, […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
ICPC, EFCC asked to investigate 31 MDAs over N103.8bn, $950,912 financial infractions
The Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices and Other Related Offences Commission, ICPC, have been petitioned
NNPC Cuts Fuel Price Again to N890, Second Drop in a Week
Nigeria’s state-owned oil company has announced its second reduction in fuel prices within a week, signaling continued shifts in the
BUA Cement AGM 2024: ₦876.5B Revenue & 17MMTPA Expansion Milestone
BUA Cement Plc reported a surge in revenue and profits during its Annual General Meeting, signaling robust growth amid strategic
Dangote Refinery turns Nigeria into net crude importer with 10m barrels monthly
President of Dangote Group, Aliko Dangote, has said that his refinery imports between 9 and 10 million barrels of crude
Naira continues depreciation against dollar after CBN fails to cut interest rate
The Nigerian naira continued to depreciate against the dollar at the official foreign exchange market on Tuesday as the Central
Trump Media Invests $2B in Bitcoin to Drive US Crypto Strategy
Trump Media & Technology Group, the company behind former U.S. President Donald Trump’s Truth Social platform, has acquired approximately $2
Senate approves Tinubu’s $21bn foreign loan plan
The Senate has approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle. Media
Africa may never see new refineries built again – Dangote raises concern
Nigerian businessman, Aliko Dangote has said Africa may never see the construction of any new large-scale refineries again, except the rent-seeking
Eight Nigerian banks have surpassed CBN recapitalization requirement— Cardoso
The Central Bank of Nigeria Governor, Olayemi Cardoso, has revealed that eight Nigerian banks have met its recapitalization requirement ahead
Nigerians now have more confidence in naira—CBN Governor Cardoso
The Central Bank of Nigeria Governor, Olayemi Cardoso, has said for the first time in a long while, Nigerians are
BREAKING: CBN MPC retains Nigeria’s interest rate at 27.50%
The Central Bank of Nigeria’s Monetary Policy Committee meeting has retained the country’s interest rate at 27.50 percent.The Governor of