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 […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
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
Nigeria Launches State-by-State Housing Campaign
Nigeria Unveils Ambitious State-By-State Housing Campaign In a significant move to address the housing deficit, Nigeria’s Minister of Housing and