African Business News

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

Naira appreciates against dollar to end week on good note

Naira records highest appreciation against dollar

By Ifunanya / April 25, 2025

The naira recorded its highest appreciation against the dollar in both the parallel and official foreign exchange markets, ending the […]

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Yobe Tax Agency projects N15 billion revenue in 2025

Yobe Tax Agency projects N15 billion revenue in 2025

By Ifunanya / April 25, 2025

The Yobe State Internal Revenue Service, YIRS, is targeting N15 billion as Internally Generated Revenue, IGR for 2025. The Executive […]

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Dollar depreciates as investors wait on trade talks

Dollar set to rise since March fall

By Ifunanya / April 25, 2025

The dollar on Friday headed for its first weekly gain since mid-March after China granted some tariff exemptions for US […]

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BUA Cement PLC releases unaudited financial results for the 3-month period ended 31st March 2025; records strong revenue growth of 80.5% to N290.9 billion; profit before tax increases by 368.6% to N99.7 billion, with profit after tax increasing by 351.4% to N81.1 billion

BUA Cement Reports Exceptional Q1 2025 Results: Revenue Soars by 80.5%, PBT Jumps 368.6%

By Ifunanya / April 25, 2025

LAGOS, NIGERIA – April 25, 2025 – BUA Cement PLC (NGX: BUACEMENT) has announced remarkable unaudited financial results for the […]

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China reacts to Gabon presidential election

Trade talks: ‘Stop misleading the public’ – China slams US

By Ifunanya / April 25, 2025

The Chinese foreign ministry has urged the United States to stop “misleading the public” on bilateral tariff negotiations, saying it […]

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Apple to shift assembly of all US-sold iPhones to India from China

Apple to shift assembly of all US-sold iPhones to India from China

By Ifunanya / April 25, 2025

Apple Inc. has hinted at plans to shift assembly of all iPhones sold in the United States of America to […]

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

Naira continues to appreciate against dollar at official, black markets

By Ifunanya / April 25, 2025

Nigeria’s currency, the Naira continued to appreciate against the dollar at the official and parallel foreign exchange markets on Thursday. Central […]

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'Budget review possible': Nigerian Govt reveals response to Trump tariffs, global downturns

Kyari: Why forensic audit of NNPCL is inevitable – Finance Minister, Edun

By Ifunanya / April 25, 2025

Nigeria’s Minister of Finance, Wale Edun, has explained that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) […]

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US: California becomes world's 4th largest economy, overtakes Japan

US: California becomes world’s 4th largest economy, overtakes Japan

By Ifunanya / April 25, 2025

US state, California, is now the fourth largest economy in the world, surpassing Japan. Governor Gavin Newsom announced this on Thursday as […]

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China defiant as Trump escalates trade war

Trump refutes China’s claim of no trade talks

By Ifunanya / April 25, 2025

US President, Donald Trump on Thursday refuted Chinese claims that no discussions have taken place to ease the ongoing trade […]

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NPCC inaugurates BoT to boost ports efficiency

NPCC inaugurates BoT to boost ports efficiency

By Ifunanya / April 25, 2025

The Nigerian Ports Consultative Council, NPCC, has inaugurated a Board of Trustees, BoT, to boost efficiency in Nigerian ports. Chairman […]

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How tax reforms bill will make housing affordable to Nigerians – Presidency

How tax reforms bill will make housing affordable to Nigerians – Presidency

By Ifunanya / April 25, 2025

The Presidency on Thursday said the Tax Reforms Bill, when passed, will make housing more affordable and available to Nigerians […]

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World Bank appoints Dangote to elite group

World Bank appoints Dangote to elite group

By Ifunanya / April 24, 2025

The World Bank has appointed the President and Chief Executive of the Dangote Group, Aliko Dangote, to its Private Sector […]

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'Budget review possible': Nigerian Govt reveals response to Trump tariffs, global downturns

Nigeria safe for investment – Finance Minister, Edun

By Ifunanya / April 24, 2025

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured investors that Nigeria is safe for investment. […]

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Dollar attempts bounce into Easter weekend

Dollar rebounds amid US trade talks

By Ifunanya / April 24, 2025

The dollar on Thursday took a breather amid a sharp bounce after President Donald Trump backed away from threats to […]

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US tariffs could harm world economy - IMF

Be prudent in spending – IMF tells Nigeria

By Ifunanya / April 24, 2025

The International Monetary Fund, IMF, has advised Nigeria to be prudent in spending after the implementation of hard economic reforms […]

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

Naira records appreciation against dollar at black, official markets

By Ifunanya / April 24, 2025

The naira recorded appreciation against the dollar at both parallel and official foreign exchange markets on Wednesday. Exchange rate data […]

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Earn Trump administration's confidence - US Treasury Secretary Bessent urges IMF, World Bank leaders

Earn Trump administration’s confidence – US Treasury Secretary Bessent urges IMF, World Bank leaders

By Ifunanya / April 24, 2025

United States Treasury Secretary Scott Bessent on Wednesday said the heads of the Bretton Woods institutions need to earn the […]

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BREAKING: Air Peace shuts flight operations nationwide

BREAKING: Air Peace shuts flight operations nationwide

By Ifunanya / April 23, 2025

Nigeria’s airline, Air Peace, has announced the immediate suspension of all its flight operations across Nigeria following an ongoing strike […]

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'You've deviated' — US Treasury Sec Bessent slams IMF

‘You’ve deviated’ — US Treasury Sec Bessent slams IMF

By Ifunanya / April 23, 2025

The United States of America Treasury Secretary, Scott Bessent, has lashed out at the International Monetary Fund, IMF, hinting that […]

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