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African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Dangote’s bid for monopoly, recipe for disaster in Nigeria – Marketers tell court
Three major oil marketers have told the Federal High Court in Abuja that the planned monopoly of the energy sector
Nigerian govt announces N75bn single-digit interest loans for MSMEs
The Nigerian government has approved a N75 billion loan scheme with a nine per cent interest rate for 75,000 Micro,
Nigeria in darkness as national grid collapses again
Nigeria was on Thursday plunged into darkness as the country’s national grid collapsed again. Media Talk Africa reports that the
Electricity customers to lose meters not upgraded after Nov 24 – Enugu Disco
Customers yet to upgrade their metres stand to lose it after November 24, 2024, the management of Mainpower Electricity Distribution
Naira slumps against dollar to end on negative note
The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative
African Business News
Food prices rise highest level in 18 months – FAO
The Food and Agriculture Organization, FAO, has said global food prices rose in October to their highest level in 18
African Business News
ACTN Calls on Nigerian Government to Curb Inflation Beyond Interest Rate Hikes
The Association of Corporate Treasurers of Nigeria (ACTN) has urged the Nigerian government to find alternative solutions to inflation without
African Business News
Equity Market Rebounds with N217 Billion Gain, Driven by Zenith Bank, Access, and Aradel
The Nigerian equity market showed strong recovery on Thursday, adding N217 billion to investors’ portfolios. The positive momentum was largely
African Business News
Nissan to Cut 9,000 Jobs Globally in Major Turnaround Effort
Japanese automaker Nissan has announced plans to slash 9,000 jobs worldwide and reduce production capacity by 20% in response to
African Business News
Naira Gains Against Dollar as FX Supply Increases, but Black Market Shows Decline
The Nigerian naira saw a significant appreciation against the U.S. dollar in the official foreign exchange market on Thursday, driven
African Business News
Wall Street Surges as Trump Declared Winner of 2024 U.S. Presidential Election
The U.S. stock market experienced a historic rally on Wednesday, with the Dow Jones Industrial Average skyrocketing by more than