African Business News

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

CAC To Delist 100,000 Dormant Companies, Issues 90-Day Ultimatum • Channels Television

CAC to Delist 100k Firms Over Inactivity, CAMA Non-Compliance

By Ifunanya / July 29, 2025

Nigeria’s Corporate Affairs Commission (CAC) has announced plans to remove approximately 100,000 companies from its official register for failing to […]

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Samsung Electronics Shares Retreat After Tesla Deal • Channels Television

Samsung Slips Despite Tesla AI Chip Deal, Texas Yields Eyed

By Ifunanya / July 29, 2025

Samsung Electronics faced a turbulent day on South Korean stock markets Tuesday, with shares initially slipping over 2% before stabilizing […]

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Stock Markets Fall As Trade Relief Fades, Eyes On Data, Earnings

Stocks Fall on Tariff Concerns as Focus Shifts to Fed, Earnings

By Ifunanya / July 29, 2025

Global stock markets retreated Tuesday as optimism over recent U.S. trade agreements with the European Union and Japan gave way […]

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Russia bans all gasoline exports — RT Business News

Russia Bans Gasoline Exports Through Aug to Stabilize Domestic Market

By Ifunanya / July 29, 2025

Russia has enacted a comprehensive ban on gasoline exports, expanding restrictions to include all petroleum producers in an effort to […]

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Oil Rises After US-EU Tariff Deal

Oil Prices Rally as US-EU 15% Tariff Deal Eases Trade War Concerns

By Ifunanya / July 29, 2025

Oil prices climbed moderately on Monday as markets responded to eased trade tensions between the United States and the European […]

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Eterna Plc Reports 71% Revenue Growth, Ratifies New Leadership At 32nd AGM

Eterna Plc Reports 71% Revenue Growth, Ratifies New Leadership At 32nd AGM

By Ifunanya / July 29, 2025

Eterna Plc has reported a strong financial turnaround for the fiscal year ended December 31, 2024, posting a 71% increase […]

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NIMC Denies Affiliation With ‘Nigerians Selling BVN, NIN’ To Fintech Firms

NIMC Denies Affiliation With ‘Nigerians Selling BVN, NIN’ To Fintech Firms

By Ifunanya / July 29, 2025

The National Identity Management Commission (NIMC) has denied and condemned reports doing the rounds, linking it with some individuals allegedly […]

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EU Accuses Temu Of Breaking Digital Rules

EU Accuses Temu Of Breaking Digital Rules

By Ifunanya / July 29, 2025

The European Union accused Chinese-founded online shopping giant Temu on Monday of breaching the bloc’s digital rules by not “properly” […]

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French PM Slams EU-US Trade Deal As 'Submission'

French PM Slams EU-US Trade Deal As ‘Submission’

By Ifunanya / July 29, 2025

  French Prime Minister Francois Bayrou on Monday slammed a weekend trade deal between the United States and the European […]

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Spanish PM Says Backs EU-US Trade Deal 'Without Any Enthusiasm'

Spanish PM Says Backs EU-US Trade Deal ‘Without Any Enthusiasm’

By Ifunanya / July 29, 2025

  Spanish Prime Minister Pedro Sanchez said Monday he backed a European Union trade deal with the United States but […]

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Ifon-Ilobu Crisis: Osun APC seeks President Tinubu's intervention

Food price cut: Nigerian farmers slam Tinubu for encouraging rice, maize imports

By Ifunanya / July 29, 2025

Nigerian farmers have raised concerns over the takeover of imported rice and maize in the country’s markets at the expense […]

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US tariffs to cost German car giants over €10bn – study — RT Business News

German Carmakers Lose €10B to US Tariffs Amid EU Deal Backlash

By Ifunanya / July 29, 2025

Germany’s auto industry faces a €10 billion ($11.6 billion) blow to cash flow in 2023, driven primarily by U.S. trade […]

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EU Probes UAE Oil Giant's Purchase Of Germany's Covestro

EU Probes UAE Oil Giant’s Purchase Of Germany’s Covestro

By Ifunanya / July 29, 2025

  The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by UAE state […]

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SEC Rejects Tourist Company’s AGM Over Internal Crisis

SEC Rejects TCN’s 2025 AGM Over Governance Dispute

By Ifunanya / July 29, 2025

Nigeria’s Securities and Exchange Commission (SEC) has declared a recent shareholders’ meeting of The Tourist Company of Nigeria (TCN) Plc […]

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WAFCON: Nigerians attack Tinubu for Super Falcons' dollar reward

WAFCON: Nigerians attack Tinubu for Super Falcons’ dollar reward

By Ifunanya / July 28, 2025

Some Nigerians have taken to their social media accounts to attack President Bola Tinubu for rewarding the 24 players of […]

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Naira continues depreciation against dollar

Naira appreciates against dollar to resume week

By Ifunanya / July 28, 2025

The naira began the week with a gain against the dollar at the official foreign exchange market. The Central Bank […]

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Nigeria's cashless payment hits N250trn as active bank accounts surge to 320m—NIBSS

Nigeria’s cashless payment hits N250trn as active bank accounts surge to 320m—NIBSS

By Ifunanya / July 28, 2025

The Nigeria Inter-Bank Settlement System, NIBSS’s, has announced that the country’s cashless transactions rose to N295 trillion in the first […]

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Shaping Smart Nations: How London School of Emerging Technology (LSET) Global Education Model Is Resonating with Singapore’s Smart Nation Aspirations

Shaping Smart Nations: How London School of Emerging Technology (LSET) Global Education Model Is Resonating with Singapore’s Smart Nation Aspirations

By Ifunanya / July 28, 2025

Singapore’s journey towards becoming a Smart Nation has been marked by its commitment to harnessing technology for economic competitiveness, sustainability, […]

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OPPO launches Night Photo King Reno14 Series in Nigeria with AI Flash photography, stunning design

OPPO launches Night Photo King Reno14 Series in Nigeria with AI Flash photography, stunning design

By Ifunanya / July 28, 2025

OPPO Nigeria has unveiled its latest smartphone lineup, the Reno14 Series, featuring the Reno14 5G and Reno14 F 5G. The […]

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Nigeria’s oil reserves must be optimally managed, not underutilised — CEGA

Nigeria’s oil reserves must be optimally managed, not underutilised — CEGA

By Ifunanya / July 27, 2025

The Centre for Energy Governance and Accountability, CEGA, has backed the federal government’s approval of 37 new crude oil evacuation […]

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