African Business News

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

Two Nigerian companies push NGX to N405bn gain

BUA, Dangote Cement, others push NGX to N833 billion gain

By Ifunanya / July 18, 2025

BUA, Dangote Cement, First Bank Holding, and other firms’ stock pushed the Nigerian stock market to continue its upward trend, with […]

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

‘Naira has strengthened, Nigeria’s economy leaping out of crisis’ — Rewane

By Ifunanya / July 17, 2025

Bismark Rewane, an economist and Chief Executive Officer of Financial Derivatives, says Nigeria’s currency has stabilized. Rewane spoke during an […]

Continue Reading
CBN issues traditional guidance to Nigerian banks as recapitalization deadline nears

CBN to cut interest by 25 basis points – Economists Rewane

By Ifunanya / July 17, 2025

Popular economist and chief executive of Financial Derivatives Company, Bismark Rewane, has said that the Central Bank of Nigeria Monetary […]

Continue Reading
Jigawa announces date for school resumption

Jigawa revenue generation hits N23.8b in six months

By Ifunanya / July 17, 2025

The Jigawa State Government said its revenue generation has increased by more than 100% in the last six months with […]

Continue Reading
CBN should reduce interest rates to further drive inflation down in Nigeria - Idakolo 

Why CBN is afraid of Cryptocurrency in Nigeria – Don

By Ifunanya / July 17, 2025

The Federal government has been advised to adopt the use of Cryptocurrency in official transactions and to encourage its use […]

Continue Reading
CPPE raises concerns over CBN interest rate pause

CPPE pushes for activation of trade policy to reduce import costs, inflation

By Ifunanya / July 17, 2025

The Centre for the Promotion of Private Enterprise has pushed for efficient activation of Nigeria’s trade policy instruments to bring […]

Continue Reading
NIPOST gets new spokesperson as Franklin Alao retires

NIPOST gets new spokesperson as Franklin Alao retires

By Ifunanya / July 17, 2025

The Director of Corporate Communications at Nigeria Postal Service, Franklin Alao, has retired after 35 years of public service to […]

Continue Reading
BREAKING: Despite rebase, Nigeria's inflation rate rises to 24.23%

Again, Nigeria’s inflation drops in June

By Ifunanya / July 16, 2025

Nigeria’s headline inflation dropped again in June, falling to 22.22 per cent from 22.97 per cent recorded in May 2025. […]

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

Ex-president Buhari had phobia for economic reforms – Rewane

By Ifunanya / July 16, 2025

Popular economist and the Chief Executive Officer of Financial Derivatives Company, Bismark Rewane, has said late President Muhammadu Buhari has […]

Continue Reading
Nigeria maintains dominance in Africa's crude production with 1.544 mbpd — OPEC

Nigeria’s crude production rises above the OPEC quota for the second time in 2025

By Ifunanya / July 16, 2025

The average daily crude production of Nigeria increased above the quota allocated to it by the Organisation of the Petroleum […]

Continue Reading
US inflation eases as Nigeria gets set to release April Consumer Price Index

Nigerian govt to release June inflation data as US CPI rises

By Ifunanya / July 16, 2025

The Nigerian government, through the National Bureau of Statistics, is expected to release the country’s inflation data on Wednesday. NBS […]

Continue Reading
Fuel price may drop to N800 per litre - Marketers

NNPCL retail outlets, others reduce fuel price

By Ifunanya / July 15, 2025

Nigerian National Petroleum Company Limited has reduced its premium motor spirit price. Media Talk Africa correspondent who went round NNPCL […]

Continue Reading
NNPCL gives conditions for crude supply to Dangote Refinery

NNPCL gives conditions for crude supply to Dangote Refinery

By Ifunanya / July 15, 2025

The Nigerian National Petroleum Company Limited said the state-owned oil firm would continue to supply crude oil to Dangote Refinery […]

Continue Reading
Fuel price may drop to N800 per litre - Marketers

Nigerian petrol marketers to reduce fuel prices nationwide

By Ifunanya / July 15, 2025

The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from […]

Continue Reading
'We’ll have cheaper oil’ - IPMAN backs Dangote Refinery's distribution plan

Private or public, let the refineries work – IPMAN to FG, NNPCL

By Ifunanya / July 15, 2025

The Independent Petroleum Marketers Association of Nigeria, IPMAN, Port Harcourt Depot Unit, has stressed that the Port Harcourt Refinery requires […]

Continue Reading
Poor budget for foreign ministry threatens Nigeria’s global influence - Ameh Peter

Poor budget for foreign ministry threatens Nigeria’s global influence – Ameh Peter

By Ifunanya / July 15, 2025

A 2019 Presidential candidate, Ameh Peter, has said that the inadequate fund allocation to the Federal Ministry of Foreign Affairs […]

Continue Reading
Four Nigerian companies push NGX to N486bn single-day gain

Nigerian banks, other firms push NGX to N1.077tn

By Ifunanya / July 15, 2025

Nigerian banks and firms pushed the Nigerian stock market to a N1.077 trillion gain on Friday as investors experienced unprecedented […]

Continue Reading
Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution

Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution

By Ifunanya / July 15, 2025

A Professor emeritus of Petroleum Economics, Wumi Iledare, has warned against the hasty sale of Nigeria’s state-owned Port Harcourt, Warri […]

Continue Reading
Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP

Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP

By Ifunanya / July 15, 2025

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has announced its audited financial results for the year ended December 31, […]

Continue Reading
CBN should reduce interest rates to further drive inflation down in Nigeria - Idakolo 

CBN fixes date for Monetary Policy Committee meeting 

By Ifunanya / July 15, 2025

The Central Bank of Nigeria has announced Monday and Tuesday, July 21 and 22, 2025, as the 301st Monetary Policy […]

Continue Reading
Scroll to Top