African Business News

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

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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CBN spent $8bn on Naira defence against dollar at FX market - Rewane

Nigeria’s inflation to increase, Trump may reverse tariffs — Economist Rewane

By Ifunanya / April 8, 2025

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has said the recent rise in the price of petrol […]

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Africa's development lies in Nigerians' hands - Country Director World Bank

Africa’s development lies in Nigerians’ hands – Country Director World Bank

By Ifunanya / April 8, 2025

The Country Director of the World Bank, Dr Ndiame Diop, has disclosed that the emancipation of the African region lies […]

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

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

By Ifunanya / April 8, 2025

The Nigerian government has hinted at a possible review of its N54.99 trillion 2025 budget as a response to President […]

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Trump tariff: Experts raise concerns as global downturns hit Nigeria

Trump tariff: Experts raise concerns as global downturns hit Nigeria

By Ifunanya / April 8, 2025

Nigeria’s economy is placed on the edge over the ravaging impact of the United States of America, President Donald Trump’s […]

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Trade war: EU delays first tariffs against US to mid-April

US tariffs: EU to start collecting duties in one week

By Ifunanya / April 8, 2025

The European Union on Monday said it would start collecting retaliatory duties on some imported U.S. goods next week as […]

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Remita’s AI roadmap, a catalyst for Nigeria’s fintech future

Remita’s AI roadmap, a catalyst for Nigeria’s fintech future

By Ifunanya / April 8, 2025

Over the last decade, one of the brightest spots in Nigerian business has been the remarkable rise of fintechs. The […]

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JPMorgan CEO predicts outcome of Trump's trade policy

JPMorgan CEO predicts outcome of Trump’s trade policy

By Ifunanya / April 7, 2025

JPMorgan Chase Chairman and Chief Executive Officer, Jamie Dimon, has stated that the tariffs imposed by President Donald Trump are […]

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

Naira sinks to its lowest since Trump’s tariff

By Ifunanya / April 7, 2025

The naira depreciated significantly against the dollar at the official foreign exchange market, reaching its lowest point since United States […]

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Tariff: America has $143bn auto trade deficit with Japan, Europe, South Korea – Stephen Miller

By Ifunanya / April 7, 2025

Stephen Miller, Deputy Chief of Staff for Policy to President Donald Trump, has stated that the United States has a […]

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G7 should take more risks to squeeze Russia - British PM

Starmer gives condition on UK-US trade deal

By Ifunanya / April 7, 2025

British Prime Minister Keir Starmer has pledged to ensure that any new trade agreement with the United States serves the […]

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Stocks slump again amid Trump's tariff

Trump tariff: Nigerian Exchange loses N659bn amid global stocks crash

By Ifunanya / April 7, 2025

Investors on the Nigerian Exchange Limited, NGX, lost approximately N659 billion as Nigeria’s stock market mirrored a global downturn on […]

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CBN announces fresh date for first MPC meeting in 2025

CBN defends naira against dollar with $197m intervention amid Trump’s tariffs

By Ifunanya / April 7, 2025

The Central Bank of Nigeria (CBN) defended the naira against the dollar by selling $197.71 million to authorised foreign exchange […]

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Tariffs: Bitcoin drops below $75,000

Tariffs: Bitcoin drops below $75,000

By Ifunanya / April 7, 2025

Bitcoin has fallen as much as 12% in the past day, falling below the $75,000 threshold. The development comes amid […]

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Fuel price drop: Group backs NNPCL's reforms

Why Nigerians can’t get cheaper fuel amid crude price drop – Refiners

By Ifunanya / April 7, 2025

The Crude Oil Refinery Owners Association of Nigeria, CORAN, has explained why Nigerians cannot get cheaper Premium Motor Spirit, PMS, […]

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US tariffs: Global crude prices tumble

US tariffs: Prices of oil fall further on Monday

By Ifunanya / April 7, 2025

Oil prices fell more than 3 per cent on Monday, extending losses from the previous week. There are growing concerns […]

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US tariffs: Japanese Nikkei falls by nine per cent on Monday

US tariffs: Japanese Nikkei falls by nine per cent on Monday

By Ifunanya / April 7, 2025

The Asian markets plunged further on Monday, deepening a global stock rout. This is reportedly triggered by US President Donald […]

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

Naira records major drops against dollar week-on-week amid Trump’s tariffs

By Ifunanya / April 6, 2025

The naira recorded a significant drop against the dollar weekly, from March 28 to April 4, 2025 amid United States […]

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