African Business News

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

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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Naira appreciates across official, black markets to begin on a good note

Naira appreciates across official, black markets to begin on a good note

By Ifunanya / February 25, 2025

The naira appreciated against the dollar across parallel and official foreign exchange markets on Monday to begin the week on […]

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Nigeria customs cancels import declarations under suspended 4% FOB charges

Nigeria customs cancels import declarations under suspended 4% FOB charges

By Ifunanya / February 25, 2025

The Nigeria Customs Service has said all import declarations made during the initial implementation period have been cancelled following its […]

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DSTV, Gotv hike subscription tariff for Nigerians

DSTV, Gotv hike subscription tariff for Nigerians

By Ifunanya / February 25, 2025

Nigeria’s pay television, Multichoice, has announced a plan to increase subscription prices for DStv and GOtv packages effective from March […]

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'We save over N36,000 weekly' - Nigerians reel out benefits of CNG

‘We save over N36,000 weekly’ – Nigerians reel out benefits of CNG

By Ifunanya / February 25, 2025

Nigerians have reeled out the benefits of Compressed Natural Gas-powered vehicles as an alternative to premium motor spirit, petrol. Some […]

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'Drive Nigeria's economic growth' - Tinubu reveals discussion with Flutterwave

‘Drive Nigeria’s economic growth’ – Tinubu reveals discussion with Flutterwave

By Ifunanya / February 24, 2025

President Bola Ahmed Tinubu has unveiled what he discussed with Fluttavave to drive Nigeria’s economic growth. He stated this in […]

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Dangote Refinery reduces diesel price

Petrol capacity: Dangote counters NMDPRA

By Ifunanya / February 24, 2025

The President and Chairman of Dangote Group, Aliko Dangote, said that his 650,000 barrels per day refinery can meet Nigeria’s […]

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Access Bank gives update as Nigerians lament service disruptions

Access Bank gives update as Nigerians lament service disruptions

By Ifunanya / February 23, 2025

Nigeria’s leading commercial bank, Access Bank, has announced that customers can now transact online, withdraw cash at Automated Teller Machines, […]

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Dangote Refinery reduces diesel price

We have over N600bn worth of petrol in store ― Dangote

By Ifunanya / February 23, 2025

Aliko Dangote, the President of Dangote Industries Limited, has revealed that his refinery has enough Premium Motor Spirit, PMS, in […]

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Analyst predicts Fidelity Bank to meet recaptalization threshold ahead of regulatory deadline

Analyst predicts Fidelity Bank to meet recaptalization threshold ahead of regulatory deadline

By Ifunanya / February 23, 2025

Fidelity Bank Plc is making impressive strides on its path to fulfilling the recapitalization targets set by the Central Bank […]

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Kaduna dry Port receives, clears 500 containers of goods - NSC

Kaduna dry Port receives, clears 500 containers of goods – NSC

By Ifunanya / February 23, 2025

The Kaduna dry port has received and cleared over 500 containers of goods in the past three months, the Nigerian […]

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Oil theft: NUPRC urged to deploy cutting edge technology to check pipeline damage

Oil theft: NUPRC urged to deploy cutting edge technology to check pipeline damage

By Ifunanya / February 23, 2025

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has been urged to deploy cutting-edge surveillance technologies to address oil theft and […]

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Naira gains N15 against dollar at black market

Naira appreciates by N60 against dollar at black market

By Ifunanya / February 23, 2025

The Naira appreciated by N60 against the dollar at the parallel foreign exchange market on a week-on-week basis. Analysis of […]

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President Tinubu endorses Flutterwave's digital economy expansion, SME growth, youth development in Nigeria

President Tinubu endorses Flutterwave’s digital economy expansion, SME growth, youth development in Nigeria

By Ifunanya / February 23, 2025

In a significant move to drive economic growth and development, President Bola Ahmed Tinubu held a strategic meeting with the […]

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

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

By Ifunanya / February 23, 2025

The Chief Executive Officer of Financial Derivatives, Bismark Rewane, has revealed that the Nigerian government, through the Central Bank of […]

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Naira continues appreciation against dollar at black market

Naira records first depreciation against dollar across FX markets

By Ifunanya / February 22, 2025

The Naira dropped slightly against the dollar to end the week at both the official and parallel foreign exchange markets […]

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USAID: How Trump's presidency impacts Nigerian economy negatively - CPPE

CPPE makes fresh demand from CBN after interest pause

By Ifunanya / February 21, 2025

The Centre for the Promotion of Private Enterprise, CPPE, has urged the Central Bank of Nigeria (CBN) to reduce interest […]

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NNPC fails to remit N13.7tn into Federation account

NNPC fails to remit N13.7tn into Federation account

By Ifunanya / February 21, 2025

The Nigerian National Petroleum Company Limited has failed to remit N13.763 trillion in revenue to the Federation account. This is […]

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Naira gains N15 against dollar at black market

Naira appreciates to N1,500 per dollar at black market

By Ifunanya / February 21, 2025

The Naira has continued its appreciation streak against the dollar at the parallel foreign exchange market. This comes as the […]

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Nigeria's inflation drop reflects reality of consumption patterns — Cardoso

Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso

By Ifunanya / February 20, 2025

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective of […]

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