African Business News

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

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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NNPC’s price drop relief to Nigerians — PETROAN

NNPC’s price drop relief to Nigerians — PETROAN

By Ifunanya / March 3, 2025

The Petroleum Retailers Outlets Owners Association has commended the Nigerian National Petroleum Company Limited, NNPCL, for its petrol price reduction. […]

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Resolution coming - IPMAN gives update on planned nationwide shutdown over N100bn bridging claim

IPMAN says NNPC’s fuel price is yet to drop

By Ifunanya / March 3, 2025

The Independent Petroleum Marketers Association of Nigeria has said that the premium motor spirit price of the Nigerian National Petroleum […]

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NNPC reduces petrol price to N860/litre

NNPC reduces petrol price to N860/litre

By Ifunanya / March 3, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has announced a reduction in the pump price of Premium Motor Spirit, PMS, […]

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Nigerian Govt to reward MSMEs with over N220m prizes, announces date

Nigerian Govt to reward MSMEs with over N220m prizes, announces date

By Ifunanya / March 3, 2025

The Nigerian government has announced plans to reward micro, small and medium enterprises, MSMEs in the country with prizes worth […]

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Elumelu commits to boosting Gabon’s infrastructure, youth empowerment

Elumelu commits to boosting Gabon’s infrastructure, youth empowerment

By Ifunanya / March 2, 2025

The Chairman of United Bank for Africa (UBA) Group and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has […]

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Three things to know about CBN's new ATM charges

Nigerian banks begin implementation of fresh ATM withdrawal charges

By Ifunanya / March 2, 2025

The new Automated Teller Machine, ATM charges imposed on Nigerians by the Central Bank of Nigeria, CBN, came into effect […]

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Investors in Nigerian stock market record N91bn gain

Investors in Nigerian stock market record N91bn gain

By Ifunanya / March 1, 2025

Investors in Nigeria’s stock market gained N91 billion on Friday to end the week on positive notes after days of […]

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Naira appreciates against dollar to end week on good note

Naira appreciates against dollar to end week on good note

By Ifunanya / March 1, 2025

Naira appreciated against the dollar to end on positive note at the official foreign exchange market on Friday. The Central […]

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Nigerian stock market records fourth decline as investors at NGX count losses

Nigerian stock market records fourth decline as investors at NGX count losses

By Ifunanya / February 28, 2025

Nigeria’s stock market has recorded four consecutive downturns within the week, with overall market performance declining by 0.11 percent on […]

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Naira continues depreciation against dollar at the black market

Naira continues depreciation against dollar at the black market

By Ifunanya / February 28, 2025

The Naira continued its depreciation against the dollar at the parallel foreign exchange market on Thursday. A Bureau de Change […]

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Maintain status quo on subscription prices – FCCPC tells MultiChoice

Maintain status quo on subscription prices – FCCPC tells MultiChoice

By Ifunanya / February 27, 2025

The Federal Competition and Consumer Protection Commission, FCCPC, on Thursday directed MultiChoice Nigeria to maintain its current subscription prices pending […]

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Fear of massive job losses is why we allow 50% telecom tariff hike — Nigerian government

Fear of massive job losses is why we allow 50% telecom tariff hike — Nigerian government

By Ifunanya / February 27, 2025

The Federal Government has defended its decision to approve a 50 per cent tariff hike for telecommunications services, citing job […]

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FAAC: Federal, state, local governments share N1.703 trillion as revenue

FAAC: Federal, state, local governments share N1.703 trillion as revenue

By Ifunanya / February 27, 2025

The Nigerian government shared a total sum of N1.703 trillion as revenue for January 2025 from the Federation Account to […]

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Heritage Bank: NDIC makes fresh demands from Nigerian lawyers

Heritage Bank: NDIC makes fresh demands from Nigerian lawyers

By Ifunanya / February 27, 2025

The Nigeria Deposit Insurance Corporation, NDIC has appealed to Nigerian lawyers to support its efforts in defunct bank asset recovery, […]

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Flutterwave launches in Zambia - Daily Post Nigeria

Flutterwave launches in Zambia – Media Talk Africa Nigeria

By Ifunanya / February 27, 2025

Flutterwave, Africa’s leading payments technology company, has officially secured a Payment System License to operate in Zambia. The new license […]

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U.S. President Trump releases AI video promoting vision for Gaza

EU reacts to Trump’s 25% tariffs on imports

By Ifunanya / February 27, 2025

European Commission, EU, on Wednesday said it will react “firmly and immediately” to unjustified barriers to free and fair trade […]

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'Bad fuel' viral video: We stand by NNPCL - PETROAN

PETROAN intervenes to halt Nigeria shutdown over unpaid N100bn bridging claim

By Ifunanya / February 27, 2025

The Petroleum Products Retail Outlet Owners Association of Nigeria said it has commenced dialogue with the Nigerian government over the […]

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