African Business News

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

Trump auto tariff: US no longer a reliable partner with Canada, we’ll fight back – PM Carney

Trump auto tariff: US no longer a reliable partner with Canada, we’ll fight back – PM Carney

By Ifunanya / March 28, 2025

The Prime Minister of Canada, Mark Carney, vowed to fight the United States of America with a retaliatory tariff. This […]

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US: Musk pledges to finish most of $1 trillion federal cost cuts within weeks

US: Musk pledges to finish most of $1 trillion federal cost cuts within weeks

By Ifunanya / March 28, 2025

US President Donald Trump’s adviser, Elon Musk, on Thursday said he would finish most of the work to cut $1 […]

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US halts financial contributions to WTO

US halts financial contributions to WTO

By Ifunanya / March 28, 2025

The United States has paused contributions to the World Trade Organization, WTO, as President Donald Trump’s administration ramps up efforts […]

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Trump tariffs: Nothing off table in response to US duties – Canada PM, Carney

Trump tariffs: Nothing off table in response to US duties – Canada PM, Carney

By Ifunanya / March 28, 2025

New Canadian Prime Minister, Mark Carney said on Thursday that his country would wait until next week to strike back […]

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Musk announces activation of Starlink in Armenia

Musk announces activation of Starlink in Armenia

By Ifunanya / March 27, 2025

Tech billionaire and head of the United States Department of Government Efficiency, Elon Musk, has announced that Starlink is now […]

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Naira records mixed sentiments against dollar across FX markets

Naira records third consecutive depreciation against dollar

By Ifunanya / March 27, 2025

The Nigerian naira recorded its third consecutive depreciation against the dollar in the official foreign exchange market on Thursday. Data […]

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US auto tariffs: South Korea plans emergency response

US auto tariffs: South Korea plans emergency response

By Ifunanya / March 27, 2025

South Korea’s Minister of Industry, Ahn Duk-geun, said his country’s auto sector is expected to face considerable difficulties when U.S. […]

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Nigeria’s statistical system needs $15m investment yearly – World Bank

Nigeria’s statistical system needs $15m investment yearly – World Bank

By Ifunanya / March 27, 2025

The World Bank said Nigeria needs between $10 and $15 million investment annually in its statistical system to outperform that […]

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Again Naira slumps massively against dollar across black, official markets

Naira appreciates against dollar at black market after Cardoso’s warning

By Ifunanya / March 27, 2025

The Naira appreciated against the dollar at the parallel foreign exchange market on Wednesday. A Bureau de Change operator in […]

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Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians

Landing cost of petrol increases to N885 per litre

By Ifunanya / March 27, 2025

The landing cost of imported premium motor spirit increased to N885 per litre on Wednesday from N797. The Major Energy […]

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We must root out bad actors’ — Cardoso on Naira exchange rate against dollar

We must root out bad actors’ — Cardoso on Naira exchange rate against dollar

By Ifunanya / March 26, 2025

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank must sustain its fight against foreign […]

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US dollar gains as tariff uncertainty remains in focus

US dollar gains as tariff uncertainty remains in focus

By Ifunanya / March 26, 2025

The US dollar on Wednesday strengthened against the Euro and Yen as traders mulled whether tariffs planned by the US […]

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NNPC’s price drop relief to Nigerians — PETROAN

Dangote Refinery: PETROAN kicks against petrol sale in dollars

By Ifunanya / March 26, 2025

The Petroleum Products Retail Outlet Owners Association of Nigeria has kicked against the sale of petroleum products in the Nigerian […]

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Nigerian firm sues CBN for N4.1b over alleged negligence

Nigerian firm sues CBN for N4.1b over alleged negligence

By Ifunanya / March 26, 2025

Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of […]

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Naira defies CBN policies, continues slump against dollar

Naira returns to depreciation against dollar at official market

By Ifunanya / March 26, 2025

The naira returned to depreciation against the dollar at the official foreign exchange market on Tuesday. This comes as Central […]

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NNPC’s price drop relief to Nigerians — PETROAN

Fuel price: PETROAN cautions Nigerians against panic buying

By Ifunanya / March 25, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has cautioned Nigerians against panic buying amid uncertainty over the […]

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NNPC’s price drop relief to Nigerians — PETROAN

PETROAN lauds NNPCL’s running of Port Harcourt refinery for 180 days nonstop

By Ifunanya / March 25, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has praised the Nigerian government and the Nigerian National Petroleum […]

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N25.3bn Debt: Nigerian court orders take over of Bacita Sugar company’

N25.3bn Debt: Nigerian court orders take over of Bacita Sugar company’

By Ifunanya / March 25, 2025

A Nigerian Federal High Court has ordered Keystone Bank to take over Bacita Sugar Company over failure to clear an […]

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Electricity: Benin Republic, Togo owe Nigeria $88.84m debt

Electricity: Benin Republic, Togo owe Nigeria $88.84m debt

By Ifunanya / March 25, 2025

Benin Republic and Togo owe Nigeria $8.84 million for the electricity consumed in the fourth quarter of 2024. The Nigerian […]

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Fuel price: Nigerian govt schedules meeting over Naira-for-crude deal with Dangote Refinery

Fuel price, Naira-for-crude: Dangote Refinery blackmailing Nigerian govt – Marketers, depot owners

By Ifunanya / March 25, 2025

Petroleum products marketers and depot owners in Nigeria’s oil and gas sector have accused Dangote Refinery of blackmailing the Nigerian […]

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