African Business News

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

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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Dangote Refinery reduces diesel price

Dangote reveals two biggest problems to industrialisation in Nigeria

By Ifunanya / February 27, 2025

Africa’s richest man and billionaire, Aliko Dangote, has revealed that unstable electricity supply and inconsistencies in government policies have remained […]

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Naira gains N15 against dollar at black market

Naira records first depreciation against dollar on black market

By Ifunanya / February 27, 2025

The naira recorded its first depreciation in the parallel foreign exchange market on Wednesday since the start of the week. […]

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Fuel price drop: Nigerians to buy Dangote petrol at N860 per litre

Fuel price drop: Nigerians to buy Dangote petrol at N860 per litre

By Ifunanya / February 26, 2025

Dangote Refinery has announced that Nigerians can now buy its premium motor spirit at MRS filling stations between N860 and […]

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Food price drop direct result of Tinubu's intervention — Kyari

Food price drop direct result of Tinubu’s intervention — Kyari

By Ifunanya / February 26, 2025

Nigeria’s Minister of Agriculture and Food Security, Abubakar Kyari, has attributed the recent drop in food prices to direct policy […]

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BREAKING: Dangote reduces petrol price to N860/litre

BREAKING: Dangote reduces petrol price to N860/litre

By Ifunanya / February 26, 2025

Dangote Petroleum Refinery on Wednesday, announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred […]

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Workers Demand Involvment In Planned Port Harcourt Airport Concession

Workers Demand Involvment In Planned Port Harcourt Airport Concession

By Ifunanya / February 26, 2025

  Aviation workers at the Port Harcourt International Airport, Rivers State, held a solidarity march on Wednesday over an alleged […]

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Fuel price drop: Group backs NNPCL's reforms

Fuel price drop: Group backs NNPCL’s reforms

By Ifunanya / February 26, 2025

A Niger Delta anti-pipeline vandalization group has backed the reforms championed by the Nigerian National Petroleum Company Limited to stabilise […]

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N30tn ways and means loan: CBN frustrating investigation - Senate

N30tn ways and means loan: CBN frustrating investigation – Senate

By Ifunanya / February 26, 2025

The Senate Ad-hoc Committee investigating the N30 trillion Ways and Means facility granted to the federal government between 2015 and […]

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Nigeria's AGF charges FPOs on financial prudence

Nigeria’s AGF charges FPOs on financial prudence

By Ifunanya / February 26, 2025

Nigeria’s Accountant General of the Federation, Oluwatoyin Sakirat Madein, has charged Federal Pay Officers (FPOs) to be financially prudent.The AGF […]

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Naira gains N15 against dollar at black market

Naira continues appreciation against dollar across official, black markets

By Ifunanya / February 26, 2025

The naira continued its appreciation against the dollar and other foreign currencies across official and parallel foreign exchange markets on […]

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ITU host first International Submarine Cable Resilience Summit

ITU host first International Submarine Cable Resilience Summit

By Ifunanya / February 26, 2025

Nigeria’s Federal Government and the International Telecommunication Union (ITU) will host the first-ever International Submarine Cable Resilience Summit in the […]

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Investors lost N215bn as Nigeria’s NGX continues bearish run

Investors lost N215bn as Nigeria’s NGX continues bearish run

By Ifunanya / February 26, 2025

Nigeria’s equity market extended its downward trend on Tuesday, as the market capitalisation of listed equities recorded N215 billion or […]

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

N100bn bridging claims: PETROAN urges members to avoid shutdown, seek dialogue

By Ifunanya / February 25, 2025

The Petroleum Retailers Outlet Owners Association of Nigeria, PETROAN, has urged its members to refrain from shutting down operations over […]

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Niger Govt bans tax on hawkers, petty traders

Niger Govt bans tax on hawkers, petty traders

By Ifunanya / February 25, 2025

In an effort to alleviate the financial burden on small-scale traders, the Niger State Government has officially banned the taxation […]

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Non-oil sector grew Nigeria’s GDP by 3.84% in Q4 2024 — NBS

Non-oil sector grew Nigeria’s GDP by 3.84% in Q4 2024 — NBS

By Ifunanya / February 25, 2025

The non-oil sector grew Nigeria’s Gross Domestic Product, GDP, by 3.84 percent year-on-year in real terms in the fourth quarter […]

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Petrol: Why investors are returning to Nigeria —NNPCL GMD, Kyari

Petrol: Why investors are returning to Nigeria —NNPCL GMD, Kyari

By Ifunanya / February 25, 2025

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari, has said that investors are returning to […]

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Unity Bank posts N59.3B in gross earnings, grows deposits by 23% in 2023 FY

Unity Bank posts N59.3B in gross earnings, grows deposits by 23% in 2023 FY

By Ifunanya / February 25, 2025

Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing […]

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