African Business News

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

NNPC reduces petrol price to N860/litre

Dangote refinery, NNPC: More fuel stations increase pump price in Nigeria

By Ifunanya / April 4, 2025

The price of Premium Motor Spirit, popularly known as fuel, has recorded a significant increase in the past days, which […]

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PETROAN seeks IGP’s intervention as oil mogul Obasi Lawson goes missing after deadly attack

Dangote: PETROAN fingers Nigerian local refinery for importing substandard crude

By Ifunanya / April 4, 2025

The Petroleum Products Retail Outlet Owners Association of Nigeria has raised an alarm that some local refineries are importing substandard […]

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

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

By Ifunanya / April 4, 2025

The Nigerian naira recorded its highest depreciation against the dollar this week at the official foreign exchange market amid United […]

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

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

By Ifunanya / April 3, 2025

The Centre for the Promotion of Private Enterprise has explained that the shocks of United States of America President Donald […]

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UK plots retaliatory tariffs against US after Trump's latest action

UK plots retaliatory tariffs against US after Trump’s latest action

By Ifunanya / April 3, 2025

The United Kingdom, UK, will consult British businesses on how the Government could impose retaliatory trade tariffs on the United […]

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US job cuts in March highest since 2020

US job cuts in March highest since 2020

By Ifunanya / April 3, 2025

Layoffs announced by U.S. employers increased in March 2025 to the highest level since the pandemic recession. This comes as […]

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Trump revokes security clearance for Biden, Kamala, Clinton

’19th-century protectionism’: Spanish PM condemns Trumps tariffs, supports economy with €14.1bn

By Ifunanya / April 3, 2025

The Spanish Prime Minister, Pedro Sánchez, has described United States of America President, Donald Trump’s Wednesday tariff announcement as “unprecedented” […]

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African countries affected by Trump’s tariffs [Full list]

African countries affected by Trump’s tariffs [Full list]

By Ifunanya / April 3, 2025

US President Donald Trump, on Wednesday, announced his much-anticipated “red hot” tariffs on trading partners. These tariffs are expected to […]

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Naira continues appreciation on official market after Eid el-Fitr holidays

By Ifunanya / April 2, 2025

The naira continued appreciating against the dollar on Wednesday at the official foreign exchange market after the Eid-el-Fitr holidays. The […]

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China restricts local companies from investing in US amid tariff war

China restricts local companies from investing in US amid tariff war

By Ifunanya / April 2, 2025

China has taken steps to restrict local companies from investing in the United States, a move that could provide Beijing […]

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Flutterwave launches Send App in Ghana

Flutterwave launches Send App in Ghana

By Ifunanya / April 2, 2025

Flutterwave, Africa’s leading payments technology company, has officially launched Send App in Ghana. This milestone marks a significant step towards […]

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Europe will respond proportionately to likely Trump tariffs - France

Europe will respond proportionately to likely Trump tariffs – France

By Ifunanya / April 2, 2025

French Industry Minister Marc Ferracci has said Europe would respond to the likely implementation of tariffs by US President Donald […]

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Things to know about new NNPC GCEO, Bayo Ojulari

Things to know about new NNPC GCEO, Bayo Ojulari

By Ifunanya / April 2, 2025

Following President Bola Ahmed Tinubu’s appointment of Bashir Bayo Ojulari to replace Mele Kyari as the Group Chief Executive Officer […]

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Business confidence rises to 14-month high amid inflation decline in Nigeria

Business confidence rises to 14-month high amid inflation decline in Nigeria

By Ifunanya / April 2, 2025

Business confidence in Nigeria increased to the highest level in 14 months amid rising demand for their goods and services. […]

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US approves $5.58bn fighter-jet sale to Philippines

US approves $5.58bn fighter-jet sale to Philippines

By Ifunanya / April 2, 2025

The United States on Tuesday approved a sale of $5.58 billion in F-16 fighter jets to the Philippines, as Washington […]

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BREAKING: Tinubu sacks NNPCL CEO, Mele Kyari, appoints Bayo Ojulari

BREAKING: Tinubu sacks NNPCL CEO, Mele Kyari, appoints Bayo Ojulari

By Ifunanya / April 2, 2025

President Bola Tinubu has sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPCL, Mele […]

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Many Houthi leaders dead after new airstrikes - Trump

Trump’s aides weigh 20% tariffs as nervous world awaits trade war

By Ifunanya / April 1, 2025

White House aides on Tuesday drafted plans for 20% tariffs on most goods imported to the United States. This is […]

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CBN announces fresh date for first MPC meeting in 2025

Nigeria’s net foreign exchange reserve hits highest level in 3 years — CBN

By Ifunanya / April 1, 2025

The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end […]

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Nigerian banks owe FG N600bn, clear N205.6bn in windfall tax

Nigerian banks owe FG N600bn, clear N205.6bn in windfall tax

By Ifunanya / April 1, 2025

Nigerian banks still owe the federal government N600 billion in windfall tax. This comes as six Nigerian banks have paid […]

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Dangote Refinery: Why fuel price may hit above N1,000 per litre – PETROAN President, Gillis-Harry

By Ifunanya / April 1, 2025

The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, in this interview, explains to Media […]

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