African Business News

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

Western firms quietly returning to Russia – Putin aide — RT Business News

Western Businesses Quietly Returning to Russia Despite Sanctions

By Ifunanya / May 8, 2025

A quiet yet significant shift is underway in Russia’s economic landscape. Foreign businesses that departed the country three years ago […]

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FCMB names four new millionaires in ongoing Savings Promo

FCMB names four new millionaires in ongoing Savings Promo

By Ifunanya / May 8, 2025

Four First City Monument Bank (FCMB) customers won ₦1 million each in the latest draw of the bank’s ongoing Millionaire […]

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Naira appreciates across official, black markets to begin on a good note

Naira records highest depreciation against dollar at black market

By Ifunanya / May 8, 2025

The naira recorded the highest depreciation against the dollar at the parallel foreign exchange market on Wednesday. A Bureau de […]

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Investors at NGX rake in N307bn gains

Investors at NGX rake in N307bn gains

By Ifunanya / May 8, 2025

Investors in the Nigerian stock market raked in a N307 billion gain amid increased buying interest. This comes as Nigerian […]

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Indian defense stocks surge after Pakistan escalation – Bloomberg — RT Business News

India’s Defense Companies Gain $5 Billion in Market Value Amid Escalating Tensions with Pakistan

By Ifunanya / May 8, 2025

In the midst of rising tensions between India and Pakistan, the country’s defense companies have experienced a significant surge in […]

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Nigerian Senate rejects VAT increase, passes two tax reform bills

Nigerian Senate rejects VAT increase, passes two tax reform bills

By Ifunanya / May 7, 2025

The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu’s four tax reform bills. The two bills approved are […]

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Dollar rises against yen, euro as Fed trade talks in focus

Dollar rises against yen, euro as Fed trade talks in focus

By Ifunanya / May 7, 2025

The US dollar on Wednesday edged higher against the yen and the euro as traders awaited the outcome of the […]

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Trade War: UK in talks with US officials over movie tariffs

Trade War: UK in talks with US officials over movie tariffs

By Ifunanya / May 7, 2025

British Creative Industries Minister, Chris Bryant on Wednesday said the United Kingdom is in “active discussions” with top US officials […]

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EU to increase financial support for Palestinian Authority

Trade War: EU to hit US goods with €100bn worth of tariff

By Ifunanya / May 7, 2025

The European Union is preparing to hit US goods worth nearly 100 billion euros, $113 billion, with tariffs in retaliation […]

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China's central bank cuts interest rate to defend economy amid Trump's tariffs

China’s central bank cuts interest rate to defend economy amid Trump’s tariffs

By Ifunanya / May 7, 2025

The Chinese Central Bank announced interest rate cuts and a major liquidity injection on Wednesday. The rate cuts are part […]

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It will boost job creation - Expert lauds Tinubu's ban on foreign goods imports

It will boost job creation – Expert lauds Tinubu’s ban on foreign goods imports

By Ifunanya / May 7, 2025

An expert and popular engineer, Abdullahi Hashim, has hailed President Bola Ahmed Tinubu for approving the Nigeria-First Procurement Policy banning […]

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CBN announces fresh date for first MPC meeting in 2025

CBN allots N756bn OMO bills to investors as rate tighens

By Ifunanya / May 7, 2025

The Central Bank of Nigeria, CBN, conducted its open market operations on Tuesday, where OMO bills worth N756.74 billion were […]

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Naira continues depreciation, ends week on negative note

Naira continues free fall against dollar

By Ifunanya / May 7, 2025

The naira has continued its free fall against the dollar for the second consecutive time at the official foreign exchange […]

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EU gas prices hit record high last year – Eurostat — RT Business News

EU Households Paid Record High Gas Prices in Second Half of 2024

By Ifunanya / May 6, 2025

The European Union has seen a significant surge in household gas prices, with the latest data from Eurostat indicating that […]

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US tariffs: Britain, India reach conclusion on trade deal

US tariffs: Britain, India reach conclusion on trade deal

By Ifunanya / May 6, 2025

India and the United Kingdom on Tuesday concluded a long-coveted free trade pact, in a landmark deal that represents London’s […]

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Tinubu's ban on foreign goods major boost for Nigerian economy — Stakeholders

Tinubu’s ban on foreign goods major boost for Nigerian economy — Stakeholders

By Ifunanya / May 6, 2025

Stakeholders have backed President Bola Ahmed Tinubu’s ban on foreign goods, noting that it would boost Dangote Refinery, Innoson vehicles […]

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Naira continues depreciation against dollar

Naira Depreciates Further Against Dollar at Official and Parallel Markets

By Ifunanya / May 6, 2025

Naira Takes a Hit: Nigeria’s Currency Depreciates Against the Dollar The Nigerian naira has kicked off the week on a […]

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EU considering full ban on Russian gas – Bloomberg — RT Business News

EU Plans to End All Russian Gas Imports by 2027

By Ifunanya / May 6, 2025

The European Union is gearing up to take a significant step in reducing its reliance on Russian energy. According to […]

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Flutterwave CEO advocates stronger intra-African trade

Flutterwave CEO advocates stronger intra-African trade

By Ifunanya / May 5, 2025

Semafor organised its annual World Economic Summit in Washington, D.C., amidst heightened global economic uncertainties. The event gathered leading voices […]

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2027: Choosing a northern Christian as a VP will benefit Tinubu - Arewa youth

BREAKING: Tinubu bans importation of foreign goods, unveils new industrialisation policy

By Ifunanya / May 5, 2025

President Bola Tinubu has ordered a ban on importation of foreign goods, especially those that can be produced locally in […]

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