African Business News

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

FY 2024: Fidelity Bank records 210% growth in PBT to N385.2bn

FY 2024: Fidelity Bank records 210% growth in PBT to N385.2bn

By Ifunanya / March 31, 2025

Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before […]

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Nigeria’s airline Green Africa suspends operation, gives reason

Nigeria’s airline Green Africa suspends operation, gives reason

By Ifunanya / March 31, 2025

Nigeria’s domestic airline, Green Africa, has announced the temporary suspension of its flight operations due to an unexpected issue with […]

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N9.33tn unpaid liabilities: NEITI recovers $4.85bn from oil and gas companies in Nigeria

N9.33tn unpaid liabilities: NEITI recovers $4.85bn from oil and gas companies in Nigeria

By Ifunanya / March 31, 2025

The Nigeria Extractive Industries Transparency Initiative, NEITI, has said it has recovered $4.85 billion from unpaid liabilities owed by oil […]

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Dangote Petrol: MRS increases fuel price

Dangote Petrol: MRS increases fuel price

By Ifunanya / March 30, 2025

MRS filling stations, partner of Dangote Refinery, has increased premium motor spirit price to N930 and N950 in Lagos and […]

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South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

By Ifunanya / March 30, 2025

South Korea, China and Japan on Sunday held their first economic dialogue in five years, seeking to facilitate regional trade […]

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US halts financial contributions to WTO

Tariffs: ‘I couldn’t care less if car makers hike prices – Trump

By Ifunanya / March 30, 2025

President Donald Trump of the United States said he did not warn car industry executives against raising prices as tariffs […]

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Bayelsa Govt reveals secret behind state’s IGR surge to N4.2bn

Bayelsa Govt reveals secret behind state’s IGR surge to N4.2bn

By Ifunanya / March 30, 2025

The Bayelsa State Internal Revenue Service, BIRS, has explained the reason behind the state’s internally generated revenue surging by 320 […]

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Nigerian stock market investor records N148bn gain to end week

Nigerian stock market investor records N148bn gain to end week

By Ifunanya / March 29, 2025

Investors at the Nigerian stock market recorded N148 billion on Friday to end the week on a bullish trend. At […]

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Naira depreciates across official, black FX markets

Naira records significant appreciation against the dollar at the black market weekly

By Ifunanya / March 29, 2025

The Naira appreciated significantly against the dollar at the parallel foreign exchange market weekly from March 24 to 28, 2025. […]

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Naira continues depreciation against dollar, records highest decline weekly

Nigeria’s naira gains against dollar across official, black markets

By Ifunanya / March 28, 2025

Nigeria’s currency, the naira, appreciated against the dollar across both official and parallel foreign exchange markets, ending the week on […]

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GTCO profit jumps by 107.8 per cent to N1.266tn profit in 2024

GTCO profit jumps by 107.8 per cent to N1.266tn profit in 2024

By Ifunanya / March 28, 2025

Guaranty Trust Holding Company Plc has released its audited consolidated and separate financial statements for the year ended December 31, […]

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IMF appoints Nigerian businessman, Tony Elumelu to advisory council

IMF appoints Nigerian businessman, Tony Elumelu to advisory council

By Ifunanya / March 28, 2025

The International Monetary Fund, IMF, has appointed Nigerian billionaire and group chairman of Heirs Holdings, owners of United Bank of […]

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Trump auto tariff: US no longer a reliable partner with Canada, we’ll fight back – PM Carney

Trump auto tariff: US no longer a reliable partner with Canada, we’ll fight back – PM Carney

By Ifunanya / March 28, 2025

The Prime Minister of Canada, Mark Carney, vowed to fight the United States of America with a retaliatory tariff. This […]

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US: Musk pledges to finish most of $1 trillion federal cost cuts within weeks

US: Musk pledges to finish most of $1 trillion federal cost cuts within weeks

By Ifunanya / March 28, 2025

US President Donald Trump’s adviser, Elon Musk, on Thursday said he would finish most of the work to cut $1 […]

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US halts financial contributions to WTO

US halts financial contributions to WTO

By Ifunanya / March 28, 2025

The United States has paused contributions to the World Trade Organization, WTO, as President Donald Trump’s administration ramps up efforts […]

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Trump tariffs: Nothing off table in response to US duties – Canada PM, Carney

Trump tariffs: Nothing off table in response to US duties – Canada PM, Carney

By Ifunanya / March 28, 2025

New Canadian Prime Minister, Mark Carney said on Thursday that his country would wait until next week to strike back […]

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Musk announces activation of Starlink in Armenia

Musk announces activation of Starlink in Armenia

By Ifunanya / March 27, 2025

Tech billionaire and head of the United States Department of Government Efficiency, Elon Musk, has announced that Starlink is now […]

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Naira records mixed sentiments against dollar across FX markets

Naira records third consecutive depreciation against dollar

By Ifunanya / March 27, 2025

The Nigerian naira recorded its third consecutive depreciation against the dollar in the official foreign exchange market on Thursday. Data […]

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US auto tariffs: South Korea plans emergency response

US auto tariffs: South Korea plans emergency response

By Ifunanya / March 27, 2025

South Korea’s Minister of Industry, Ahn Duk-geun, said his country’s auto sector is expected to face considerable difficulties when U.S. […]

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Nigeria’s statistical system needs $15m investment yearly – World Bank

Nigeria’s statistical system needs $15m investment yearly – World Bank

By Ifunanya / March 27, 2025

The World Bank said Nigeria needs between $10 and $15 million investment annually in its statistical system to outperform that […]

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