African Business News

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

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

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

By Ifunanya / April 10, 2025

The price of premium motor spirit, popularly known as fuel, may drop in the coming days as the Nigerian government […]

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Chinese currency falls to weakest value in more than 17 years amid trade war with US

Chinese currency falls to weakest value in more than 17 years amid trade war with US

By Ifunanya / April 10, 2025

Chinese currency, yuan on Wednesday fell to its lowest value in the past 17 years against the US dollar. According […]

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Nigeria needs 40% annual growth to offset U.S. tariff impact – Economist, Kale

Nigeria needs 40% annual growth to offset U.S. tariff impact – Economist, Kale

By Ifunanya / April 10, 2025

Nigeria must achieve an annual economic growth rate of at least 40% to cushion the potential adverse effects of the […]

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Naira continues depreciation against dollar at black market

Naira depreciates against dollar across official, black markets after Trump’s 90-day tariff pause

By Ifunanya / April 10, 2025

The naira depreciated against the dollar at both official and parallel foreign exchange markets on Wednesday after the United States […]

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Shettima, AfDB President arrive Calabar for new export processing zone groundbreaking

Shettima, AfDB President arrive Calabar for new export processing zone groundbreaking

By Ifunanya / April 9, 2025

Vice President of Nigeria, Kashim Shettima and President of the African Development Bank AFDB), Dr Akinwumi Adesina, have arrived in […]

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EU approves retaliatory tariffs on US imports

By Ifunanya / April 9, 2025

EU member states on Wednesday, approved first retaliatory tariffs of 10 per cent to 25 per cent on U.S. imports, […]

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Realme C75: Setting new standards in budget smartphone

Realme C75: Setting new standards in budget smartphone

By Ifunanya / April 9, 2025

Officially launched on Thursday April 3, 2025, realme C75 stormed into the Nigerian market with a bold ambition of setting […]

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CBN announces fresh date for first MPC meeting in 2025

Nigeria posts $6.83bn balance of payments surplus as Diaspora remittances surge to $20.93bn

By Ifunanya / April 9, 2025

The Central Bank of Nigeria has announced a balance of payments surplus of $6.83 billion in 2024, an improvement from […]

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US tariffs: Global crude prices tumble

Global oil prices down to lowest in 4 years as US-China tariff war escalates

By Ifunanya / April 9, 2025

Global crude prices crashed by 6 percent on Wednesday as the tariff war between the United States and China escalated. […]

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BREAKING: Naira-for-crude deal with Dangote Refinery continues indefinitely —Nigerian Govt

BREAKING: Naira-for-crude deal with Dangote Refinery continues indefinitely —Nigerian Govt

By Ifunanya / April 9, 2025

The Nigerian government has declared that the naira-for-crude sale deal with Dangote Refinery and other local refineries, facilitated through the […]

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Trump names next chairman Joint Chiefs of Staff after firing top US general CQ Brown

Trump’s 104% tariffs hit China at midnight – White House

By Ifunanya / April 9, 2025

The White House on Tuesday said US President Donald Trump’s tariffs on imports from China are set to rise overnight […]

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China defiant as Trump escalates trade war

China defiant as Trump escalates trade war

By Ifunanya / April 8, 2025

China is not backing down on its retaliatory tariffs despite President Donald Trump’s decision to increase the United States tariff […]

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Naira appreciates against dollar to end week on good note

Naira records gain against dollar first time since Trump tariff

By Ifunanya / April 8, 2025

The naira dropped marginally against the dollar in the foreign exchange market, indicating a brief respite after days of decline […]

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Nigeria's foreign debt obligations rise to $1.08 billion in 2024 - DMO

Nigeria’s foreign debt obligations rise to $1.08 billion in 2024 – DMO

By Ifunanya / April 8, 2025

Nigeria’s external debt service obligations increased to $1.08 billion in Q4 2024, representing a significant rise from the previous quarter. […]

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You're truly a moron - Musk blasts Trump's trade advisor, Navarro

You’re truly a moron – Musk blasts Trump’s trade advisor, Navarro

By Ifunanya / April 8, 2025

Tesla CEO, Elon Musk, has described a senior White House trade advisor, Peter Navarro, as “truly a moron” and “dumber […]

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Trump revokes security clearance for Biden, Kamala, Clinton

Trump awaits China response before 104% tariffs hit

By Ifunanya / April 8, 2025

President Donald Trump of the United States said on Tuesday that he was waiting to hear from China before duties […]

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