African Business News

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

Trump revokes security clearance for Biden, Kamala, Clinton

’19th-century protectionism’: Spanish PM condemns Trumps tariffs, supports economy with €14.1bn

By Ifunanya / April 3, 2025

The Spanish Prime Minister, Pedro Sánchez, has described United States of America President, Donald Trump’s Wednesday tariff announcement as “unprecedented” […]

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African countries affected by Trump’s tariffs [Full list]

African countries affected by Trump’s tariffs [Full list]

By Ifunanya / April 3, 2025

US President Donald Trump, on Wednesday, announced his much-anticipated “red hot” tariffs on trading partners. These tariffs are expected to […]

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Naira continues appreciation on official market after Eid el-Fitr holidays

By Ifunanya / April 2, 2025

The naira continued appreciating against the dollar on Wednesday at the official foreign exchange market after the Eid-el-Fitr holidays. The […]

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China restricts local companies from investing in US amid tariff war

China restricts local companies from investing in US amid tariff war

By Ifunanya / April 2, 2025

China has taken steps to restrict local companies from investing in the United States, a move that could provide Beijing […]

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Flutterwave launches Send App in Ghana

Flutterwave launches Send App in Ghana

By Ifunanya / April 2, 2025

Flutterwave, Africa’s leading payments technology company, has officially launched Send App in Ghana. This milestone marks a significant step towards […]

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Europe will respond proportionately to likely Trump tariffs - France

Europe will respond proportionately to likely Trump tariffs – France

By Ifunanya / April 2, 2025

French Industry Minister Marc Ferracci has said Europe would respond to the likely implementation of tariffs by US President Donald […]

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Things to know about new NNPC GCEO, Bayo Ojulari

Things to know about new NNPC GCEO, Bayo Ojulari

By Ifunanya / April 2, 2025

Following President Bola Ahmed Tinubu’s appointment of Bashir Bayo Ojulari to replace Mele Kyari as the Group Chief Executive Officer […]

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Business confidence rises to 14-month high amid inflation decline in Nigeria

Business confidence rises to 14-month high amid inflation decline in Nigeria

By Ifunanya / April 2, 2025

Business confidence in Nigeria increased to the highest level in 14 months amid rising demand for their goods and services. […]

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US approves $5.58bn fighter-jet sale to Philippines

US approves $5.58bn fighter-jet sale to Philippines

By Ifunanya / April 2, 2025

The United States on Tuesday approved a sale of $5.58 billion in F-16 fighter jets to the Philippines, as Washington […]

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BREAKING: Tinubu sacks NNPCL CEO, Mele Kyari, appoints Bayo Ojulari

BREAKING: Tinubu sacks NNPCL CEO, Mele Kyari, appoints Bayo Ojulari

By Ifunanya / April 2, 2025

President Bola Tinubu has sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPCL, Mele […]

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Many Houthi leaders dead after new airstrikes - Trump

Trump’s aides weigh 20% tariffs as nervous world awaits trade war

By Ifunanya / April 1, 2025

White House aides on Tuesday drafted plans for 20% tariffs on most goods imported to the United States. This is […]

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CBN announces fresh date for first MPC meeting in 2025

Nigeria’s net foreign exchange reserve hits highest level in 3 years — CBN

By Ifunanya / April 1, 2025

The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end […]

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Nigerian banks owe FG N600bn, clear N205.6bn in windfall tax

Nigerian banks owe FG N600bn, clear N205.6bn in windfall tax

By Ifunanya / April 1, 2025

Nigerian banks still owe the federal government N600 billion in windfall tax. This comes as six Nigerian banks have paid […]

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Dangote Refinery: Why fuel price may hit above N1,000 per litre – PETROAN President, Gillis-Harry

By Ifunanya / April 1, 2025

The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, in this interview, explains to Media […]

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FY 2024: Fidelity Bank records 210% growth in PBT to N385.2bn

FY 2024: Fidelity Bank records 210% growth in PBT to N385.2bn

By Ifunanya / March 31, 2025

Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before […]

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Nigeria’s airline Green Africa suspends operation, gives reason

Nigeria’s airline Green Africa suspends operation, gives reason

By Ifunanya / March 31, 2025

Nigeria’s domestic airline, Green Africa, has announced the temporary suspension of its flight operations due to an unexpected issue with […]

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N9.33tn unpaid liabilities: NEITI recovers $4.85bn from oil and gas companies in Nigeria

N9.33tn unpaid liabilities: NEITI recovers $4.85bn from oil and gas companies in Nigeria

By Ifunanya / March 31, 2025

The Nigeria Extractive Industries Transparency Initiative, NEITI, has said it has recovered $4.85 billion from unpaid liabilities owed by oil […]

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Dangote Petrol: MRS increases fuel price

Dangote Petrol: MRS increases fuel price

By Ifunanya / March 30, 2025

MRS filling stations, partner of Dangote Refinery, has increased premium motor spirit price to N930 and N950 in Lagos and […]

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South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

By Ifunanya / March 30, 2025

South Korea, China and Japan on Sunday held their first economic dialogue in five years, seeking to facilitate regional trade […]

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US halts financial contributions to WTO

Tariffs: ‘I couldn’t care less if car makers hike prices – Trump

By Ifunanya / March 30, 2025

President Donald Trump of the United States said he did not warn car industry executives against raising prices as tariffs […]

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