Yuan weakens to 7.2095 against dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.2095 against the dollar […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Trump Proposes 39.6% Tax Bracket for Americans Earning $2.5 Million or More
In a significant shift in policy, US President Donald Trump has proposed increasing tax rates for the country’s highest earners,
Investors record N240bn gain as NGX continues bullish trend
Investors in the Nigerian Exchange Market gained N240 billion in market capitalisation to achieve their fifth consecutive bullish session on
Naira continues depreciation against dollar across official, black FX markets
The naira continued to depreciate against the dollar across official and parallel foreign exchange markets on Thursday. Central Bank of
Dangote and NNPC Partner to Boost Nigeria’s Oil and Gas Sector and Reduce Fuel Prices
Historic Meeting Between Dangote and NNPC CEO Sets Stage for Nigeria’s Energy Sector Revival In a groundbreaking development, Aliko Dangote,
Western Businesses Quietly Returning to Russia Despite Sanctions
A quiet yet significant shift is underway in Russia’s economic landscape. Foreign businesses that departed the country three years ago
FCMB names four new millionaires in ongoing Savings Promo
Four First City Monument Bank (FCMB) customers won ₦1 million each in the latest draw of the bank’s ongoing Millionaire
Naira records highest depreciation against dollar at black market
The naira recorded the highest depreciation against the dollar at the parallel foreign exchange market on Wednesday. A Bureau de
Investors at NGX rake in N307bn gains
Investors in the Nigerian stock market raked in a N307 billion gain amid increased buying interest. This comes as Nigerian
India’s Defense Companies Gain $5 Billion in Market Value Amid Escalating Tensions with Pakistan
In the midst of rising tensions between India and Pakistan, the country’s defense companies have experienced a significant surge in
Nigerian Senate rejects VAT increase, passes two tax reform bills
The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu’s four tax reform bills. The two bills approved are
Dollar rises against yen, euro as Fed trade talks in focus
The US dollar on Wednesday edged higher against the yen and the euro as traders awaited the outcome of the