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 continues depreciation against dollar, records highest decline weekly

By Ifunanya / March 8, 2025

The Nigerian naira continued depreciation on Friday at the foreign exchange market to end the week on a negative note. […]

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China slams retaliatory tariffs on some Canada farm, food products

China slams retaliatory tariffs on some Canada farm, food products

By Ifunanya / March 8, 2025

China on Saturday announced tariffs on Canadian agricultural and food products, retaliating against levies Ottawa introduced in October on Chinese-made […]

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LNG utilisation: NNPC to supply 80 mmscf/d gas to firm

LNG utilisation: NNPC to supply 80 mmscf/d gas to firm

By Ifunanya / March 7, 2025

The Nigerian National Petroleum Company Limited, through its gas marketing subsidiary and partners, has signed a Gas Sale and Purchase […]

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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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