Nigeria’s Federal Government Suspends Import Duties on Key Food Items for 150 Days
In a significant policy move, Nigeria’s Federal Government announced on Monday the suspension of duties, tariffs, and taxes on the […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigerian Government Denies Signing EU Agreement for $150 Million Loan
FCT, Abuja — The Nigerian government has refuted claims of signing an agreement with the European Union (EU) to secure
ECOWAS Set To Unveil Single Currency ECO
Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States have advanced plans to launch
African Business News
Gabon Resolves Payment Dispute with World Bank
Libreville, Gabon – Gabon’s government has resolved its payment dispute with the World Bank, following issues that previously hindered the
Chinese EV Manufacturers Flock to Morocco Amid U.S. Subsidies and Tariffs
Tangiers, Morocco – In response to the United States’ new subsidies aimed at boosting domestic electric vehicle (EV) production and
Govt Must Act Fast To Stop Investors From Leaving In Droves — Dangote
Aliko Dangote, the President, Dangote Industries Ltd has identified solutions to sustaining existing local and foreign investments as well as
OPEC Projects Global Oil Demand to Reach 116 Million Barrels Per Day by 2045
The Organisation of the Petroleum Exporting Countries (OPEC) forecasts that global oil demand will rise to an estimated 116 million
African Business News
Dollar Rises as Asia Equities Show Mixed Results Amid Speculation Over Trump’s Potential Presidency
July 2, 2024 — The U.S. dollar strengthened on Tuesday, reaching 38-year highs against the Japanese yen, as investors weighed
Samsung Electronics Workers to Stage Three-Day Strike Over Failed Negotiations
Seoul, July 2, 2024 — Workers at South Korea’s Samsung Electronics will begin a three-day general strike starting July 8,
Boeing to Acquire Spirit AeroSystems in $4.7 Billion Deal Amid Production Scrutiny
US aerospace giant Boeing announced on Monday that it has reached a “definitive deal” to acquire its longtime subcontractor Spirit
Nigeria Pays $850m Debt to European Airlines, Says EU Ambassador
The Federal Government of Nigeria has settled a backlog of debts amounting to $850 million owed to European airlines. This
African Business News
Nigerian Government Exempts Farmers, Small Businesses, and Manufacturers from Withholding Tax
The Nigerian Federal Government has announced that farmers, small businesses, and manufacturers are now exempt from withholding tax, according to