African Business News

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

Oyo Govt partners FCMB to empower 1,000 youths with N1.5bn

Enactus Honours FCMB for Youth-Led Social Impact

By Ifunanya / July 15, 2025

First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria for its support in […]

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Fuel price may drop to N800 per litre - Marketers

DAPPMAN credits NMDPRA for fuel price drop, cites two other sector gains

By Ifunanya / July 15, 2025

The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s […]

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Naira records highest depreciation against dollar in weeks

Naira appreciates massively against dollar ahead of public holiday to honour Buhari

By Ifunanya / July 15, 2025

The naira appreciated significantly against the United States dollar at the official foreign exchange market, beginning the week on a […]

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Fuel price may drop to N800 per litre - Marketers

Nigerian marketers reduce fuel prices as FG shuts down economy in honour of Buhari

By Ifunanya / July 15, 2025

Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday. This comes as […]

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Putin aide issues warning on Russian economy — RT Business News

Russian Economy Shows Signs of Strain as Investment Climate Worsens Amid Calls for Urgent Monetary Policy Easing

By Ifunanya / July 15, 2025

The Russian economy is facing significant challenges, with a top Kremlin adviser warning that the country’s monetary policy must be […]

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CBN should reduce interest rates to further drive inflation down in Nigeria - Idakolo 

CBN clarifies claims of hidden charges on non-resident BVN for Nigerians in Diaspora

By Ifunanya / July 7, 2025

The Central Bank of Nigeria, CBN, has dismissed rumours of hidden charges in the recently launched Non-Resident Bank Verification Number […]

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CBN spent $8bn on Naira defence against dollar at FX market - Rewane

Fuel price cut: Dangote Refinery petrol distribution will reduce Nigeria’s inflation – Rewane

By Ifunanya / July 7, 2025

The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, said that Dangote Refinery’s petrol distribution initiative, billed to kick […]

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TCN announces 120MW addition to national grid

TCN commissions new Bauchi substation, expands power supply to Northeast

By Ifunanya / July 7, 2025

The Transmission Company of Nigeria, TCN, said it has commissioned two 150MVA power transformers and 75MVA reactor at its new […]

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Trump threatens BRICS partners with extra tariffs — RT Business News

Trump Threatens 10% Tariff on Countries Doing Business with BRICS

By Ifunanya / July 7, 2025

US President Donald Trump has issued a stern warning to countries around the world, threatening to impose an additional 10% […]

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Russian pipeline gas exports to EU fall – Reuters — RT Business News

Russian Gas Exports to EU Plunge 18.3% in June Amid Infrastructure Maintenance

By Ifunanya / July 5, 2025

Russian natural gas exports to the European Union experienced a significant decline in June, with an 18.3% month-over-month contraction, according […]

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Nigerian petrol marketers give update on fuel price reduction 

BREAKING: NNPCL reduces fuel price

By Ifunanya / July 5, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit price. Media Talk Africa correspondent gathered that […]

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Trump to reinstate sweeping tariffs — RT Business News

US Prepares to Impose Tariffs of Up to 70% on Dozens of Countries Amid Looming Trade Deal Deadline

By Ifunanya / July 5, 2025

The United States is gearing up to impose tariffs of up to 70% on dozens of countries as the deadline […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira depreciates against dollar across official, black markets

By Ifunanya / July 4, 2025

The naira depreciated against the dollar across official and parallel foreign exchange markets to end the week on a negative […]

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2027: Anti-Tinubu coalition gathers strength as LND joins

‘We thought things would be better’ – Coalition reports NNPCL boss to Tinubu

By Ifunanya / July 4, 2025

A coalition of economic accountability under the leadership of the Patriotic Nigerian Youth Forum, PNYF, has expressed dismay over the […]

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Nigerian govt agencies to unlock $25bn revenue through electricity, digital development

Nigerian govt agencies to unlock $25bn revenue through electricity, digital development

By Ifunanya / July 4, 2025

Two Nigerian government agencies, the Galaxy Backbone and the Rural Electrification Agency, have signed a partnership to provide electricity and […]

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Flutterwave secures 20 more U.S. money transmitter licenses

Flutterwave secures 20 more U.S. money transmitter licenses

By Ifunanya / July 4, 2025

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across US states […]

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Russia’s international reserves hit all-time high – central bank — RT Business News

Russia’s International Reserves Reach Record High of $687.7 Billion Despite Frozen Assets

By Ifunanya / July 4, 2025

Russia’s international reserves have reached a record high of $687.7 billion, according to the country’s central bank. This significant increase […]

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Oyo Govt partners FCMB to empower 1,000 youths with N1.5bn

Oyo Govt partners FCMB to empower 1,000 youths with N1.5bn

By Ifunanya / July 4, 2025

The Oyo State Government has announced plans to support 1,000 young agropreneurs with a ₦1.5 billion fund in a renewed […]

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Investors record N240bn gain as NGX continues bullish trend

55 Nigerian firms push NGX to N403bn gains

By Ifunanya / July 4, 2025

Fifty-five Nigerian firms propelled the Nigerian Exchange Market to a second straight gain on Thursday. The firms that led to […]

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Fuel importation drops by 30m litres in Nigeria - NMDPRA reveals

Fuel price reduction: NMDPRA announces date for petrol pricing summit

By Ifunanya / July 4, 2025

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced July 23 and 24, 2025, as the dates for premium […]

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