African Business News

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

Trade turnover between Russia, Kazakhstan jumps to $28bn

Trade turnover between Russia, Kazakhstan jumps to $28bn

By Ifunanya / May 5, 2025

The trade volume between Russia and Kazakhstan exceeded 28 billion dollars while Russian exports increased by almost five per cent […]

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Trump orders new tariff probe into US lumber imports

US wants a fair trade deal with China – Trump

By Ifunanya / May 5, 2025

United States President Donald Trump has said the US is meeting with many countries, including China, on trade deals. Trump […]

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Dangote Refinery reduces diesel price

Cabals still fighting our refinery – Dangote

By Ifunanya / May 5, 2025

Africa’s richest man and president of Dangote Refinery, Aliko Dangote, has insisted that the ‘cabal’ in Nigeria’s oil and gas […]

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Warren Buffett slams Trump’s tariffs — RT Business News

Warren Buffett Warns US Trade Policy Risks Turning Trade into Act of War

By Ifunanya / May 4, 2025

In a stark warning, billionaire investor Warren Buffett has criticized the US trade policy under President Donald Trump, cautioning that […]

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CBN announces fresh date for first MPC meeting in 2025

Nigeria’s external reserves grew by 5.6% to $38.8bn in 2024 — CBN

By Ifunanya / May 3, 2025

The Central Bank of Nigeria, CBN, has reported that the country’s external reserves grew by 5.6 per cent (approximately $2.2 […]

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

NNPCL reduces fuel price to N910 per litre

By Ifunanya / May 3, 2025

Nigerian National Petroleum Company Limited, NNPCL, has reduced its retail price of Premium Motor Spirit. Media Talk Africa correspondent observed […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira records highest depreciation against dollar at official market

By Ifunanya / May 3, 2025

The Naira depreciated against the dollar at the official foreign exchange market on Friday to end the week on a negative note. The Central […]

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Brussels floats solution to Trump – FT — RT Business News

EU Ready to Boost US Imports by $56 Billion to Address Trade Imbalance

By Ifunanya / May 3, 2025

In a bid to address the trade imbalance between the European Union and the United States, the EU is considering […]

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Tinubu's reforms not easy, delivering results - Cardoso

Court dismisses request to stop CBN from using e-naira trade mark

By Ifunanya / May 2, 2025

The Federal High Court in Abuja has dismissed the request to stop the Central Bank of Nigeria (CBN) from using […]

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Africa advances toward financial integration with new currency exchange marketplace{Business Africa}

Africa’s Finance Leap

By Ifunanya / May 2, 2025

Africa is taking a major step towards financial unity with the introduction of the Africa Currency Marketplace, a groundbreaking platform […]

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Dollar attempts bounce into Easter weekend

US dollar tumbles against euro, yen

By Ifunanya / May 2, 2025

The US dollar was down on Friday but trimmed some losses against the euro and yen after data showed the […]

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Federal High Court backs CBN, dismisses ban on eNaira trademark use

Federal High Court backs CBN, dismisses ban on eNaira trademark use

By Ifunanya / May 2, 2025

The Federal High Court in Abuja, on Friday, dismissed an interim restraining order filed by eNaira Payment Solutions Limited against […]

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Monitoring: RMAFC to establish National Revenue Dashboard

Monitoring: RMAFC to establish National Revenue Dashboard

By Ifunanya / May 1, 2025

The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has sought the establishment of a National Revenue Dashboard that will interface […]

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Investors lost N215bn as Nigeria’s NGX continues bearish run

Investors lose N81bn in NGX

By Ifunanya / May 1, 2025

The stock market on Wednesday continued in a bearish territory, as investors in Nigerian Exchange Limited lost N81 billion. This […]

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Naira records highest depreciation against dollar amid Trump's tariff war

Naira records highest gain against dollar on official market

By Ifunanya / May 1, 2025

The naira continued its appreciation against the dollar at the official foreign exchange market on Wednesday, marking its highest gain […]

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NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others

NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others

By Ifunanya / April 30, 2025

The new management and board of the Nigerian National Petroleum Company Limited, led by its Group Chief Executive Officer, Bayo […]

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Do more on revenue collection - Nigerian Finance Minister Edun to customs

Do more on revenue collection – Nigerian Finance Minister Edun to customs

By Ifunanya / April 30, 2025

The Minister of Finance, Wale Edun, has asked the customs to do more in its revenue drive while lauding the […]

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FCMB Group Plc's 12th AGM affirms dividend, closes FY 2024 with ₦7.1 trillion in total assets

FCMB Group Plc’s 12th AGM affirms dividend, closes FY 2024 with ₦7.1 trillion in total assets

By Ifunanya / April 30, 2025

FCMB Group Plc convened its 12th Annual General Meeting (AGM) in Lagos on April 29, 2025, where shareholders endorsed the […]

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European Reconstruction Bank sites first West African office In Lagos

European Reconstruction Bank sites first West African office In Lagos

By Ifunanya / April 29, 2025

The Nigerian government has reiterated its firm commitment to a strategic partnership with the European Union, as the European Bank […]

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Fidelity Bank's FY 2024 performance praised by shareholders

Fidelity Bank’s FY 2024 performance praised by shareholders

By Ifunanya / April 29, 2025

Shareholders of tier one lender, Fidelity Bank, have applauded the board and management of the bank for delivering an outstanding […]

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