African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt

Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt

By Ifunanya / April 15, 2025

There is looming darkness in Nigeria as power generation companies threaten a showdown. This is as unpaid debts from the […]

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CBEX: Nigerians lose N1.3tn as digital trading platform crashes

CBEX: Nigerians lose N1.3tn as digital trading platform crashes

By Ifunanya / April 15, 2025

Nigerians took to their various social media platforms to lament their losses after a digital asset trading platform, known as […]

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CBN announces fresh date for first MPC meeting in 2025

CBN warns banks against illicit funds in recapitalisation drive

By Ifunanya / April 15, 2025

The Central Bank of Nigeria, CBN, has cautioned deposit money banks against sourcing capital from illicit channels as part of […]

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FCMB's Training Programme transforming our businesses - Entrepreneurs

FCMB’s Training Programme transforming our businesses – Entrepreneurs

By Ifunanya / April 14, 2025

Dozens of entrepreneurs across Nigeria’s southwest are crediting a recent business training programme for helping them improve how they run […]

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Jigawa govt issues stern warning against diversion of agricultural inputs for 2025 rice farming

Jigawa govt issues stern warning against diversion of agricultural inputs for 2025 rice farming

By Ifunanya / April 13, 2025

Jigawa State Government has warned against selling or diverting agricultural inputs meant for the 2025 rice dry season farming programme […]

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MRS filling station reduces fuel price

MRS filling station reduces fuel price

By Ifunanya / April 12, 2025

MRS filling station, a partner of Dangote Refinery, has reduced its premium motor spirit price by N10, Media Talk Africa […]

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Nigerians earning N30,000 monthly to benefit from FG's 77,400 housing units

Nigerians earning N30,000 monthly to benefit from FG’s 77,400 housing units

By Ifunanya / April 12, 2025

The federal government of Nigeria said Nigerians earning as low as N30,000 monthly will be able to access its planned […]

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Naira continues depreciation against dollar at black market

Naira depreciates to end the week on a negative note

By Ifunanya / April 12, 2025

The naira traded against the dollar above the N1,600 mark to end the week on a negative note at both […]

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Nigerian govt announces 10-year entry bans for visa overstays, $15 daily fine

Nigerian govt announces 10-year entry bans for visa overstays, $15 daily fine

By Ifunanya / April 11, 2025

The Federal Government of Nigeria has warned that expatriates who overstay their visas by more than six months will face […]

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Gold price reaches record high of $3,200 amid US-China tariff war

Gold price reaches record high of $3,200 amid US-China tariff war

By Ifunanya / April 11, 2025

The price of gold reached a record high of $3,200 per ounce, delivering exceptional returns to investors in the face […]

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NNPCL: Tinubu's appointment of Ojulari, Kida will make Nigeria attain energy security - Expert

NNPCL: Tinubu’s appointment of Ojulari, Kida will make Nigeria attain energy security – Expert

By Ifunanya / April 11, 2025

An energy expert and member of the Nigerian Society of Engineers (NSE), Engr. Abdullahi Hashim has said the appointments of […]

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US investors gain $4.8 trillion after Trump's 90-day tariff pause

Nigerian stocks bounce back as investors gain N377bn

By Ifunanya / April 11, 2025

The Nigerian stock market on Thursday bounced back as investors gained N377 billion on the Nigerian Exchange Limited at the […]

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Naira records highest appreciation against dollar since Trump's tarrif pause

Naira records highest appreciation against dollar since Trump’s tarrif pause

By Ifunanya / April 11, 2025

The naira recorded its highest appreciation against the dollar at the official foreign exchange market on Thursday after United States […]

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China tariff rate now 145% - White House

China tariff rate now 145% – White House

By Ifunanya / April 10, 2025

The White House has announced that the cumulative duties imposed by the Donald Trump administration on Chinese goods now total […]

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Fuel price drop imminent as Nigerian govt renews naira-for-crude deal

Nigerians to start enjoying benefits of lower global crude prices — PETROAN

By Ifunanya / April 10, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has stated that Nigerians will begin to enjoy the benefits […]

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Trump to retain Elon Musk-led DOGE

Trump to retain Elon Musk-led DOGE

By Ifunanya / April 10, 2025

President Donald Trump has announced his intention to retain the services of the Department of Government Efficiency, DOGE. The President […]

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Shun cash payments, pay your taxes to our portal - Zamfara govt to residents

Shun cash payments, pay your taxes to our portal – Zamfara govt to residents

By Ifunanya / April 10, 2025

Zamfara State Internal Revenue Service, ZIRS, has again called on tax-payers to desist from cash payment, advising them to pay […]

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Overbilling: NERC slams N626m fine on Abuja, Ikeja, other DisCos, orders refunds to customers

Overbilling: NERC slams N626m fine on Abuja, Ikeja, other DisCos, orders refunds to customers

By Ifunanya / April 10, 2025

The Nigerian Electricity Regulatory Commission, NERC, has slammed Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano and Yola electricity distribution companies […]

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Dangote Refinery slashes ex-depot petrol price to ₦865 per litre

By Ifunanya / April 10, 2025

In a move that may offer some relief to consumers, the Dangote Petroleum Refinery has reduced the ex-depot (ex-gantry) price […]

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US investors gain $4.8 trillion after Trump's 90-day tariff pause

US investors gain $4.8 trillion after Trump’s 90-day tariff pause

By Ifunanya / April 10, 2025

Investors in United States of America stocks recorded a significant gain amounting to $4.8 trillion on Wednesday, hours after President […]

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