African Business News

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

Naira continues depreciation against dollar, records highest decline weekly

Naira records first appreciation against dollar on black market

By Ifunanya / March 18, 2025

The naira recorded its first gain this week against the dollar at the parallel foreign exchange market on Tuesday. This […]

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Google ready to splurge $32m to acquire cybersecurity firm Wiz

Google ready to splurge $32m to acquire cybersecurity firm Wiz

By Ifunanya / March 18, 2025

Google owner, Alphabet, has hinted at buying cybersecurity firm Wiz for $32 billion. The deal would boost the United States […]

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N9.4tn debt: Nigerian lawmakers issue 3-day ultimatum as oil companies shun summons

Reps pass Tinubu’s tax reform bills

By Ifunanya / March 18, 2025

Nigeria’s House of Representatives on Tuesday passed for third reading, the four tax reform bills sent to the National Assembly […]

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Court dismisses NNPCL objection to Dangote Refinery’s N100bn suit on import licences

Court dismisses NNPCL objection to Dangote Refinery’s N100bn suit on import licences

By Ifunanya / March 18, 2025

The Federal High Court in Abuja has dismissed the objections raised by the Nigerian National Petroleum Company Limited, NNPCL, against […]

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Why Nigeria’s inflation drop hasn’t resulted in reduction in prices of goods – Prof Ajibola

Why Nigeria’s inflation drop hasn’t resulted in reduction in prices of goods – Prof Ajibola

By Ifunanya / March 18, 2025

Prof Segun Ajibola, a renowned economist and former president and chairman of the Council of the Chartered Institute of Bankers, […]

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Nigerian Govt clears Max Air to resume operations after suspension

Nigerian Govt clears Max Air to resume operations after suspension

By Ifunanya / March 18, 2025

The Federal Government, through the Nigeria Civil Aviation Authority, NCAA, has approved for Max Air to resume its domestic flight […]

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Naira continues depreciation against dollar, records highest decline weekly

Nigeria’s Naira depreciates against dollar amid inflation drop

By Ifunanya / March 18, 2025

​ The naira depreciated against the dollar across foreign exchange markets to begin the week despite a drop in Nigeria’s […]

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

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

By Ifunanya / March 18, 2025

President of the United States of America, Donald Trump, has announced that he is authorizing the administration to begin producing […]

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Hardship: Nigeria’s inflation drops signal economic recovery – CPPE, Economists

Hardship: Nigeria’s inflation drops signal economic recovery – CPPE, Economists

By Ifunanya / March 18, 2025

Nigerian economists and the Centre for the Promotion of Private Enterprise have explained that the two consecutive drops in Nigeria’s […]

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Again inflation drops in Nigeria as food prices ease

Again inflation drops in Nigeria as food prices ease

By Ifunanya / March 17, 2025

Again, Nigeria’s headline inflation dropped to 23.18 percent in February 2025 from 24.48 percent recorded in January as food prices […]

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Dangote narrates how Amosun demolished his cement plant twice [VIDEO]

Dangote narrates how Amosun demolished his cement plant twice [VIDEO]

By Ifunanya / March 17, 2025

The President of Dangote Group, Aliko Dangote, has narrated how former Governor of Ogun State, Ibikunle Amosun, demolished and frustrated […]

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Nigeria’s SEC suspends Centurion Registrars from Capital Market

Nigeria’s SEC suspends Centurion Registrars from Capital Market

By Ifunanya / March 17, 2025

Nigeria’s Securities and Exchange Commission, SEC, has announced the suspension of Centurion Registrars Limited, along with its directors and sponsored […]

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Flutterwave Nigeria Chairman, Dipo Fatokun advocates stronger ecosystem collaboration at Harvard Business School

Flutterwave Nigeria Chairman, Dipo Fatokun advocates stronger ecosystem collaboration at Harvard Business School

By Ifunanya / March 17, 2025

Mr. Dipo Fatokun, Chairman of the Board at Flutterwave Technology Solutions Limited, Africa’s leading payment technology company, shared insights on […]

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How Nigeria’s fuel subsidy removal worsened Niger’s petrol scarcity

How Nigeria’s fuel subsidy removal worsened Niger’s petrol scarcity

By Ifunanya / March 17, 2025

Nigeria’s fuel subsidy removal nearly two years ago has been attributed as one of the reasons Niger has been experiencing […]

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UBA, ICAN partner to drive innovation, excellence in finance and accounting

UBA, ICAN partner to drive innovation, excellence in finance and accounting

By Ifunanya / March 17, 2025

Africa’s Global Bank, United Bank for Africa (UBA) Plc on Friday, hosted the 60th President of the Institute of Chartered […]

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$1.7bn Debt: Nigerian lawmakers recover N28.7bn from oil companies

$1.7bn Debt: Nigerian lawmakers recover N28.7bn from oil companies

By Ifunanya / March 16, 2025

Nigeria’s House of Representatives Public Accounts Committee on Sunday said it has recovered N28.7 billion from two oil companies indebted […]

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

Investors lose N167bn in NGX as US stocks record historic gains

By Ifunanya / March 15, 2025

Investors in the Nigerian Exchange Limited suffered losses amounting to N167 billion on Friday, in contrast, the United States stock […]

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Naira records first appreciation against dollar

Naira records first appreciation against dollar

By Ifunanya / March 15, 2025

The Naira recorded its first appreciation against the dollar on Friday to halt the depreciation streak at the official foreign […]

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Dangote, NNPCL price war: Fuel may drop to N650/litre – Analyst

Why fuel price reducing in Nigeria – Marketer ​

By Ifunanya / March 14, 2025

A petroleum marketer has explained the real reason Nigeria’s premium motor spirit price has been reducing in the past months. […]

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Trump’s trade war is ‘wake-up call’ for Europe

Trump’s trade war is ‘wake-up call’ for Europe

By Ifunanya / March 14, 2025

European Central Bank, ECB, President, Christine Lagarde, on Friday said a full-scale global trade war would hurt the United States […]

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