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

Naira depreciation continues against US dollar

By Ifunanya / September 19, 2025

The Nigerian Naira has experienced its second consecutive decline against the US dollar at the official foreign exchange market. According […]

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Stocks Rise On Nvidia-Intel Deal, Fed Rate Cut

Nvidia Intel deal boosts stocks after Fed rate cut

By Ifunanya / September 19, 2025

Global stock markets experienced a surge on Thursday, driven by a significant investment announcement and a decision by the US […]

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Bank of Russia governor dismisses talk of recession — RT Business News

Russia Economy Slows But Not in Recession

By Ifunanya / September 19, 2025

Russia’s central bank governor, Elvira Nabiullina, has stated that the country is not experiencing a recession, despite a slowdown in […]

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IMF proposes US Treasury official as second in command

By Ifunanya / September 19, 2025

The International Monetary Fund (IMF) has proposed the appointment of Dan Katz, the US Treasury Department’s chief of staff, as […]

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Nigeria Leads African Countries To Sign Petroleum Regulatory Charter • Channels Television

Nigeria Leads Africa Oil Regulators Forum Signings

By Ifunanya / September 19, 2025

Nigeria has taken a significant step in leading Africa’s oil and gas sector with the launch of the African Petroleum […]

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Russian oil refinery hit by Ukrainian drones

By Ifunanya / September 18, 2025

Ukrainian drones struck a major Russian oil refinery located approximately 1,400 kilometers from the front line on Thursday, resulting in […]

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Nigeria disburses ₦330bn to poor citizens

By Ifunanya / September 18, 2025

The Federal Government of Nigeria has disbursed ₦330 billion in cash to poor and vulnerable citizens through the National Social […]

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Seplat Energy Mulls Joint Venture Sale To NNPCL

By Ifunanya / September 18, 2025

Seplat Energy is in discussions with the Nigerian National Petroleum Company Limited (NNPCL) regarding the potential sale of a 10% […]

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OPEC Appointment: Nigeria Names Maryamu Idris Representative

By Ifunanya / September 18, 2025

Maryamu Idris, Managing Director of NNPC Trading Limited, has been appointed as Nigeria’s National Representative to the Organization of the […]

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Nvidia invests $5 billion in Intel for chip development

By Ifunanya / September 18, 2025

Nvidia, a leading US chip manufacturer, has announced a $5 billion investment in Intel, a prominent semiconductor maker, to jointly […]

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