African Business News

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

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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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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