African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
The Nigerian government is poised to generate an estimated N796 billion ($626 million) annually from a newly introduced 5% surcharge […]
Continue ReadingSoaring gold purchases in Iran during heightened regional tensions have defied global trends, according to a Thursday report from the […]
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The Nigerian naira weakened against the US dollar in the official foreign exchange market on Wednesday, marking its first depreciation […]
Continue ReadingA growing trend of central banks in sub-Saharan Africa bolstering gold reserves could backfire if the precious metal’s value declines, […]
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Nigeria’s stock market extended its recent surge on Wednesday, fueled by gains across 39 listed companies that propelled the exchange […]
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Dangote Announces Share Offering for Nigerians in $20B Refinery Launch Aliko Dangote, President of the Dangote Group, has revealed plans […]
Continue ReadingThe Lagos State Government is set to enforce a new digital truck management system along the busy Lekki-Epe Corridor starting […]
Continue ReadingNigeria’s Federal Government has recognized the Dangote Petroleum Refinery for its groundbreaking engineering feats and transformative investments in nurturing local […]
Continue ReadingThe International Monetary Fund (IMF) has raised its economic growth projections for Nigeria, signaling cautious optimism for the West African […]
Continue ReadingAdidas has revealed significant financial pressures stemming from U.S. tariffs, though the company stopped short of confirming whether consumers will […]
Continue ReadingItaly has launched an antitrust investigation into Meta, alleging the tech giant may have violated European Union competition rules by […]
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Dangote Petroleum Refinery and Petrochemicals has formally withdrawn a high-profile lawsuit against Nigeria’s energy regulators and several petroleum marketers, marking […]
Continue ReadingFrance’s economy accelerated in the second quarter of 2024, registering stronger-than-expected growth amid global trade tensions and shifting consumer behavior, […]
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In a move to strengthen fiscal responsibility, Niger State’s legislative body has approved stringent measures against local government councils found […]
Continue ReadingDangote Petroleum Refinery has abruptly withdrawn its high-profile lawsuit against Nigeria’s state-owned oil regulator, national energy company, and several independent […]
Continue ReadingNigeria’s Debt Management Office (DMO) reported robust investor interest in its latest federal bond auction, with approximately ₦186 billion ($119 […]
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Western sanctions targeting Russia over its actions in Ukraine have largely failed to achieve their intended impact, with many restrictions […]
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The Nigerian naira extended its gains against the US dollar for a second straight day in official trading on Tuesday, […]
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Nigeria’s persistent electricity shortages risk derailing the country’s economic progress unless immediate, systemic reforms are implemented, according to Bismarck Rewane, […]
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