African Business News

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

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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UK to lower US car tariff in push for trade deal

UK to lower US car tariff in push for trade deal

By Ifunanya / April 23, 2025

Chancellor Rachel Reeves has admitted that the UK could lower tariffs on US car imports, as she seeks to negotiate […]

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2027: Kwankwaso moving back to APC, NNPP dead - Ganduje

Kano Pension Board settles N21bn out of N48.6bn inherited from Ganduje govt

By Ifunanya / April 23, 2025

The Executive Secretary of the Kano State Pension Board, Habu Muhammad Fagge, has said that they have an inroads in […]

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'Tomorrow night will be big' - US President Donald Trump teases major announcement

US: Tariffs on China will come down substantially – Trump announces

By Ifunanya / April 23, 2025

President Donald Trump of the United States has said that high tariffs on goods from China will come down substantially. […]

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

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

By Ifunanya / April 23, 2025

Nigeria’s currency, the naira, depreciated against the dollar at the official and parallel foreign exchange markets upon the resumption of […]

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BREAKING: Nigeria Customs records N1.75 trillion revenue collection in Q1 2025

BREAKING: Nigeria Customs records N1.75 trillion revenue collection in Q1 2025

By Ifunanya / April 22, 2025

The Nigeria Customs Service has announced that it recorded N1.751 trillion in revenue collection in the first quarter of 2025. […]

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Nigeria attractive to investors with 83 refineries licenses — PETROAN President Gillis-Harry

Nigeria attractive to investors with 83 refineries licenses — PETROAN President Gillis-Harry

By Ifunanya / April 22, 2025

The National President of the Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry, has said that the 83 refinery licences […]

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Dollar attempts bounce into Easter weekend

Dollar sinks as Trump’s attacks on Fed chief unsettle traders

By Ifunanya / April 22, 2025

The dollar on Tuesday marked a fresh low against the yen and hovered around multi-year lows versus the euro and […]

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Nigeria's money supply hits N114tn despite CBN's policy

Nigeria’s money supply hits N114tn despite CBN’s policy

By Ifunanya / April 22, 2025

Nigeria’s broad money supply has increased to N114.22 trillion in March 2025, defying the Central Bank of Nigeria’s monetary policy […]

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China cuts off new investments in US private equity

China cuts off new investments in US private equity

By Ifunanya / April 22, 2025

Chinese state-backed funds are halting new investments in United States private equity. According to the Financial Times on Monday, this […]

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US: CPPE explains how Trump's tariff will impact Nigerian economy

CPPE kicks against Raw Materials Bill

By Ifunanya / April 21, 2025

The Centre for the Promotion of Private Enterprise, CPPE, has criticised the proposed Raw Materials Bill currently before the Nigerian […]

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Nigeria's electricity generation records steady drop - Report

Nigeria’s electricity generation records steady drop – Report

By Ifunanya / April 21, 2025

Nigeria’s electricity generation peak has recorded a steady drop to 4,742.20 megawatts in the past three days.This is according to […]

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Nine Nigerian banks generates N14tn in revenue from customers’ interest in 2024

By Ifunanya / April 21, 2025

Nine Nigerian banks generated a combined interest income of N14.26 trillion in 2024. This is according to an analysis of […]

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Tariffs: Don't strike trade deal with US at our expense - China warns countries

Tariffs: Don’t strike trade deal with US at our expense – China warns countries

By Ifunanya / April 21, 2025

China on Monday issued a stern warning to countries against striking a broader economic deal with the United States at […]

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Dollar depreciates as investors wait on trade talks

US dollar tumbles as Federal independence under threat

By Ifunanya / April 21, 2025

The US dollar tumbled on Monday as investor confidence in the United States’ economy took another hit over President Donald […]

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CBN bold reforms have raised investors' confidence in Nigeria — Cardoso

CBN bold reforms have raised investors’ confidence in Nigeria — Cardoso

By Ifunanya / April 20, 2025

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the apex bank’s reforms have returned confidence in […]

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Naira records highest appreciation against dollar since Trump's tarrif pause

Easter: Naira appreciates against dollar at black market

By Ifunanya / April 20, 2025

The naira appreciated against the dollar at the parallel foreign exchange market on Saturday amid 2025 Easter day celebrations in […]

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

NNPCL reduces fuel price – Media Talk Africa Nigeria

By Ifunanya / April 20, 2025

The Nigerian National Petroleum Company Limited has reduced its premium motor spirit price, Media Talk Africa reports. Media Talk Africa […]

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