Naira Depreciates To N1386 As CBN Recap Deadline Ends
The Nigerian naira depreciated further against the United States dollar on Tuesday, 31 March 2026, as foreign exchange benchmarks declined […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Indonesia Fuel Rationing And Civil Servant WFH Orders
Indonesia has introduced daily fuel purchase limits and mandated remote work for civil servants to conserve national energy reserves amid
African Business News
South Africa Cuts Fuel Tax As Record Pump Prices Surge
South Africa will implement a one-month reduction in its general fuel levy to partially cushion consumers against record pump price
FCMB Capital Markets Tops FMDQ Debt Table With N1.53trn
FCMB Capital Markets Limited raised ₦1.53 trillion in corporate debt through bond listings and commercial paper quotations on the FMDQ
African Business News
Petrol price drop: Stations cut fuel after NNPCL, Dangote
Retail petrol prices across Nigeria have declined following recent adjustments by major upstream suppliers. Filling station operators in Abuja, including
Illicit Financial Flows Drain Africa of $88B Yearly
Nigeria’s Finance Minister Wale Edun stated that illicit financial flows remove approximately $88 billion annually from African economies, significantly constraining
African Business News
Strait of Hormuz Blockade Disrupts Global Oil Trade
The partial restriction of the Strait of Hormuz following the Middle East escalation has severely reduced maritime transit through a
African Business News
Nigeria Targets Investment-Led Growth And Job Creation
Nigeria’s Federal Government has announced a strategic pivot from macroeconomic stabilisation to an investment-led growth model, prioritising private capital mobilisation,
African Business News
Petrol Vessels Dock Lagos Ports to Bridge Supply Gap
Several vessels carrying Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) have docked at Lagos’ Apapa and Tin Can
Nigerian Stock Market Opens Bearish with N276bn Loss
The Nigerian stock market opened the week lower, erasing N276 billion in market capitalization as investors booked profits following recent
African Business News
US Gasoline Prices Hit $4/Gallon Amid Iran War Supply Crisis
U.S. national average retail gasoline prices rose above $4 per gallon for the first time since August 2022, driven by
Cawthorne Blend Crude Export by NNPC Boosts Nigeria Revenue
Nigeria’s oil sector has achieved a key milestone with the first export of a new crude grade, Cawthorne Blend, signalling