African Business News

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

Tinubu focused on achieving $1trn  economy by 2030 — Presidential aide Nweze

Tinubu focused on achieving $1trn economy by 2030 — Presidential aide Nweze

By Ifunanya / March 7, 2025

The Senior Special Assistant to the President on Community Engagement, South East, Chioma Nweze, on Friday spoke on strategies for […]

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Plateau generates N31bn in 2024, set N50bn target for 2025

By Ifunanya / March 7, 2025

The Plateau State Internal Revenue Service, PSIRS, has announced a significant milestone in revenue generation, recording an all-time high of […]

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Defend National Theatre — CBN Gov, Cardoso tells Nigerians

Defend National Theatre — CBN Gov, Cardoso tells Nigerians

By Ifunanya / March 7, 2025

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has urged Nigerians to defend the country’s recently revamped […]

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Again Naira slumps massively against dollar across black, official markets

Again Naira slumps massively against dollar across black, official markets

By Ifunanya / March 7, 2025

Again, the Nigerian naira has slumped massively against the dollar across parallel and official foreign exchange markets. At the black […]

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US tariffs will hit economies of Mexico, Canada if sustained – IMF

US tariffs will hit economies of Mexico, Canada if sustained – IMF

By Ifunanya / March 6, 2025

The International Monetary Fund, IMF, on Thursday said US tariffs imposed on Mexico and Canada will have a significant adverse […]

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FNSB Praises FCMB’s Continued Support for the Blind

FNSB Praises FCMB’s Continued Support for the Blind

By Ifunanya / March 6, 2025

The Federal Nigeria Society for the Blind (FNSB) has commended First City Monument Bank (FCMB) for supporting the visually impaired […]

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Investors lose N289bn as Nigerian stock market continues downward trend

Investors lose N289bn as Nigerian stock market continues downward trend

By Ifunanya / March 6, 2025

Nigeria’s stock market continued its bearish run on Wednesday as key performance indices declined by 0.44 percent. This is the […]

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Global crude price tumbles to three-year low, as local fuel cost drops

Global crude price tumbles to three-year low, as local fuel cost drops

By Ifunanya / March 6, 2025

Oil prices fell for the third consecutive day, tumbling nearly 3 percent to the lowest level in three years, signalling […]

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Naira records mixed sentiments against dollar across FX markets

Naira records highest depreciation against dollar across official, black markets

By Ifunanya / March 6, 2025

The Nigerian naira recorded the highest depreciation against the dollar across official and parallel foreign exchange markets on Wednesday. This […]

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‘Step back from trade wars’ – Bank of England’s Governor tells US

‘Step back from trade wars’ – Bank of England’s Governor tells US

By Ifunanya / March 5, 2025

The Bank of England’s Governor, Andrew Bailey, has called on the United States to settle its concerns about the global […]

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Tariff: Trump raising cost of everything you buy – U.S. senator tells Americans

Tariff: Trump raising cost of everything you buy – U.S. senator tells Americans

By Ifunanya / March 5, 2025

United States Senator from Delaware, Lisa Blunt Rochester, has alleged that President Donald Trump is making moves to increase the […]

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Naira records mixed sentiments against dollar across FX markets

Naira records mixed sentiments against dollar across FX markets

By Ifunanya / March 5, 2025

The Naira depreciated against the dollar at the black market and gained slightly at the official market to end on […]

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

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

By Ifunanya / March 4, 2025

Financial analyst and Chief Economist at SPM Professionals, Paul Alaje, has said that the price of Premium Motor Spirit (petrol) […]

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Nigerian Govt reels out achievements on trade, investment policies in last 100 days

Nigerian Govt reels out achievements on trade, investment policies in last 100 days

By Ifunanya / March 4, 2025

The Nigerian government has reeled out achievements in trade and investment in the country over the last 100 days, starting […]

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Trade war: Pressure, threats won’t work – China to US

By Ifunanya / March 4, 2025

The United States should work with China in the same direction to resolve trade disputes through equal-footed consultation, a Chinese […]

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China hits back at US imports as Trump’s fresh tariffs take effect

China hits back at US imports as Trump’s fresh tariffs take effect

By Ifunanya / March 4, 2025

China in a swift response on Tuesday retaliated against fresh US tariffs, announcing 10 percent – 15 percent hikes to […]

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Nigerian Govt confirms Remita shutdown, announces new revenue collection platform

Nigerian Govt confirms Remita shutdown, announces new revenue collection platform

By Ifunanya / March 4, 2025

The Nigerian government has confirmed that a new payment platform, the Treasury Management & Revenue Assurance System, TMRAS, will replace […]

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

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

By Ifunanya / March 4, 2025

Nigeria’s House of Representatives has issued a three-day ultimatum to oil companies that failed to appear for its investigative hearing […]

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Naira depreciates across official, black FX markets

Naira depreciates across official, black FX markets

By Ifunanya / March 4, 2025

The Naira depreciated against the dollar across foreign exchange markets on Monday to begin the week on a negative note. […]

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Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians

Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians

By Ifunanya / March 4, 2025

Petroleum retailers and marketers have hinted that Nigerians should expect more premium motor spirit price reductions as the Nigerian National […]

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