African Business News

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

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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Global crude oil price tumbles below $70 per barrel

Global crude oil price tumbles below $70 per barrel

By Ifunanya / March 14, 2025

The global price of crude oil on Thursday fell by 1 percent amid an escalating trade war between the United […]

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

Again, Dangote Refinery reduces fuel price

By Ifunanya / March 14, 2025

Dangote Refinery has reduced its ex-depot premium motor spirit price to N815 per litre. This latest price drop comes after […]

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Shell Nigeria gets new name after complete acquisition by Renaissance

Shell Nigeria gets new name after complete acquisition by Renaissance

By Ifunanya / March 14, 2025

Shell Petroleum Development Company of Nigeria Limited, SPDC, has been renamed to Renaissance Africa Energy Company Limited after 46 years […]

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Naira depreciates across official, black FX markets

Naira records highest depreciation against dollar in 48 hours

By Ifunanya / March 14, 2025

The naira continued its depreciation against the dollar across foreign exchange markets for the fourth consecutive time. This comes as […]

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Darkness hits Bayelsa, Rivers as vandals destroy four electricity towers along Owerri-Ahoada line

Darkness hits Bayelsa, Rivers as vandals destroy four electricity towers along Owerri-Ahoada line

By Ifunanya / March 13, 2025

Two states in Nigeria, Bayelsa and Rivers, have been thrown into darkness as the Transmission Company of Nigeria, TCN, announced […]

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FG to unveil Fly Nigeria Act – Keyamo

FG to unveil Fly Nigeria Act – Keyamo

By Ifunanya / March 13, 2025

The Nigerian government has proposed to unveil the Fly Nigeria Act to the National Assembly. Minister of Aviation and Aerospace […]

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NGX continues downward trend as investors lose N48bn

NGX continues downward trend as investors lose N48bn

By Ifunanya / March 13, 2025

Nigeria’s stock market continued its downward trend on Wednesday as investors lost N48 billion. Accordingly, the Nigerian Exchange Limited, NGX […]

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Parthian Capital Limited Expands Investment Opportunities with Two New Investment Funds

Parthian Capital Limited Expands Investment Opportunities with Two New Investment Funds

By Ifunanya / March 13, 2025

Parthian Capital Limited, the asset management division of the Parthian Group, proudly announces the launch of two investment funds: the […]

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Again Naira slumps massively against dollar across black, official markets

Naira continues depreciation across official, black markets

By Ifunanya / March 13, 2025

The naira continued its depreciation against the dollar across official and parallel foreign exchange markets on Wednesday. According to the […]

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Lagos largest city in Africa after Cairo

Lagos largest city in Africa after Cairo

By Ifunanya / March 12, 2025

Lagos State has been ranked as Africa’s second-largest city after Cairo, Egypt. This achievement comes as the state’s Gross Domestic […]

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Bitcoin reserves can earn US $81tn revenue amid freefall

Bitcoin reserves can earn US $81tn revenue amid freefall

By Ifunanya / March 12, 2025

Cryptocurrency expert and executive chairman of software intelligence firm Microstrategy, Michael Saylor, said Strategic Bitcoin Reserve could earn the United […]

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Nigeria, US stock markets tumble

Nigeria, US stock markets tumble

By Ifunanya / March 12, 2025

Nigeria’s stock market on Tuesday experienced a bearish performance as investors lost N285, or 0.43 percent. The Nigerian Exchange Limited, […]

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Fuel landing cost drops to N774/litre

Fuel landing cost drops to N774/litre

By Ifunanya / March 12, 2025

The landing cost of premium motor spirit dropped to N774.82 per litre, cheaper than the ex-depot price of Dangote Refinery’s […]

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