UBA NiDCOM Unlock Diaspora Investment for Nigeria Growth
United Bank for Africa (UBA) Plc and the Nigerians in Diaspora Commission (NiDCOM) have pledged closer collaboration to channel diaspora […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Uber Drivers Strike in Lagos Over Low Fares, N6.1bn Earnings
A strike by app-based transport drivers in Lagos entered its third consecutive day on Wednesday, disrupting services on major platforms
African Business News
Nigeria Current Account Surplus Falls 26% Oil Export Decline
Nigeria’s current account surplus narrowed significantly in 2025, even as key sectors like the new Dangote Refinery and foreign direct
Naira Depreciates After Eight-Day Rally at Official Market
The Nigerian Naira weakened against the US dollar on Wednesday, recording its first depreciation on the official foreign exchange market
EFCC Returns ₦3.9bn Recovered Stolen Funds to NNPC
Nigeria’s Economic and Financial Crimes Commission (EFCC) has handed over ₦3,936,145,000 (Three Billion, Nine Hundred and Thirty-Six Million, One Hundred
Slovakia targets fuel tourism with diesel price hike
Slovakia is considering imposing higher diesel prices or purchase limits on foreign drivers to address severe fuel shortages at border
Nigeria Secures N7.4bn for 7MW Ebonyi Mini-Grid Project
The Nigerian government, through the Rural Electrification Agency (REA), has secured N7.4 billion in financing to deploy a 7-megawatt mini-grid
African Business News
Hormuz Strait Shipping Drops 95% Amid Iranian Blockade
A dramatic collapse in maritime traffic through the Strait of Hormuz continues nearly a month after Iranian forces blocked the
Nigeria Vietnam Top Fuel Price Hikes Amid Iran US Israel War
Nigeria and Vietnam have experienced the sharpest surges in fuel pump prices globally since the escalation of conflict between Iran
Egyptian Pound Dives to Record Low on Middle East War Fears
The Egyptian pound depreciated to a record low on Sunday, falling below 52 pounds per US dollar on official markets
African Business News
IMF Warns Iran War Threatens Global Inflation Output
The International Monetary Fund has warned that a prolonged conflict involving Iran could significantly raise global inflation and reduce economic
Zenith Bank Opens Manchester Branch for Africa-UK Trade
Zenith Bank Plc will open a new branch in Manchester, United Kingdom, in March 2026, expanding its international network to