African Business News

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

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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Again Naira slumps massively against dollar across black, official markets

Naira records first appreciation against dollar across black, official FX markets

By Ifunanya / March 25, 2025

The naira appreciated against the dollar across both parallel and official foreign exchange markets on Monday, marking its first gain […]

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Climate change: I’ve authorized production of energy with coal – Trump

I may give lots of countries break – Trump doubles down on tariff war

By Ifunanya / March 24, 2025

The President of the United States, Donald Trump, on Monday suggested that certain countries may receive exemptions when his administration […]

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Creative Money Podcast launches to help African creatives structure, package, monetize skills

Creative Money Podcast launches to help African creatives structure, package, monetize skills

By Ifunanya / March 24, 2025

Creative Money Africa, a leading platform dedicated to empowering African creatives, has officially launched the Creative Money Podcast. The podcast […]

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Nigeria to unlock $300bn revenue in land registration – Minister

Nigeria to unlock $300bn revenue in land registration – Minister

By Ifunanya / March 24, 2025

Nigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa, has said the country plans to unlock about $300 billion in […]

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DStv, GOtv: How MultiChoice reduced prices in South Africa amid hike in Nigeria – NGO

DStv, GOtv: How MultiChoice reduced prices in South Africa amid hike in Nigeria – NGO

By Ifunanya / March 23, 2025

A Nigerian non-governmental organisation, Save the Consumers, has accused MultiChoice Nigeria of reducing prices for its DStv and Gotv services […]

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Nigeria’s revenue drops N194.6bn in February – FAAC

Nigeria’s revenue drops N194.6bn in February – FAAC

By Ifunanya / March 22, 2025

Nigeria’s Federation Account Allocation Committee, FAAC, revenue dropped by N194.664 billion in February. According to the FAAC communiqué, the federal […]

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Again Naira slumps massively against dollar across black, official markets

Naira records massive depreciation against dollar weekly at official market

By Ifunanya / March 22, 2025

The Naira recorded a massive drop against the dollar at the official foreign exchange market from March 14 to 21, […]

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Nigeria’s depot owners hike fuel prices

Nigeria’s depot owners hike fuel prices

By Ifunanya / March 22, 2025

Nigeria’s petroleum products depot owners have increased premium motor spirit ex-depot prices, Media Talk Africa reports. Data from the price […]

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Security, economy: Japan, China, South Korea meet in Tokyo

Security, economy: Japan, China, South Korea meet in Tokyo

By Ifunanya / March 22, 2025

The top diplomats from Japan, China and South Korea met in Tokyo on Saturday, seeking common ground on East Asian […]

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US imports eggs from Korea, Turkey to ease prices

US imports eggs from Korea, Turkey to ease prices

By Ifunanya / March 22, 2025

Mr Brooke Rollins, Agriculture Secretary to the US President, Donald Trump on Friday confirmed the United States is importing eggs […]

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Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders

Petrol imports rise to 154m litres weekly as marketers dump Dangote Refinery

By Ifunanya / March 22, 2025

Nigeria’s petroleum products marketers and retailers imported 154.22 million litres of premium motor spirit from March 17 to 23, 2025, […]

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Naira records first appreciation against dollar

Naira depreciates, end week on negative note

By Ifunanya / March 21, 2025

The naira depreciated against the dollar at the official foreign exchange market, ending the week on a negative note. Data […]

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Flutterwave launches Pay With Bank Transfer in Ghana

Flutterwave launches Pay With Bank Transfer in Ghana

By Ifunanya / March 21, 2025

Flutterwave, Africa’s leading payments technology company, has broadened its reach in Ghana through the integration of Pay With Bank Transfer, […]

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Nigerian stock market records fourth decline as investors at NGX count losses

Nigerian stock market rebounds, up 0.09%

By Ifunanya / March 21, 2025

For the first time this week, trading on the Nigerian Exchange Ltd. (NGX) rebounded on Friday, reversing a four-day bearish […]

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