African Business News

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

Microsoft in talks to acquire TikTok -Trump

By Ifunanya / January 28, 2025

US President Donald Trump on Monday said that Microsoft is in talks to acquire TikTok, while the app’s future in […]

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USSD debt: NCC, telcos give update on Nigerian banks’ disconnection

By Ifunanya / January 28, 2025

The Nigerian Communications Commission and telecommunications companies have ruled out a deadline extension after Nigerian banks’ disconnection notice from Unstructured […]

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CBN releases FX Code as Naira appreciates against dollar

CBN releases FX Code as Naira appreciates against dollar

By Ifunanya / January 28, 2025

The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against […]

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Migrants deportation: Trump slams 25% tariffs on Colombia

By Ifunanya / January 27, 2025

US President, Donald Trump, has slammed 25 percent tariffs on Colombia after its president barred two military planes carrying deported […]

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Fuel price to reduce as global crude cost lowers

By Ifunanya / January 27, 2025

The reduction in the global prices of crude may lead to a drop in the prices of premium motor spirit […]

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Nigeria’s external reserves experience decline

By Ifunanya / January 27, 2025

Nigeria’s external reserves dropped to $39.991 billion on 23 January, 2025 from $40.035 billion on 20 January, the same year. […]

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Being sidelined by Trump is exactly what Africa needs – CBN ex-Deputy Gov, Moghalu

By Ifunanya / January 27, 2025

Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has suggested that being sidelined by United States […]

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Three states with highest cooking gas prices in Nigeria — NBS

Three states with highest cooking gas prices in Nigeria — NBS

By Ifunanya / January 26, 2025

The National Bureau of Statistics, NBS, has said that Taraba, Lagos, and Benue have the highest prices for liquefied petroleum […]

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Naira gains N20 weekly against Dollar

Naira gains N20 weekly against Dollar

By Ifunanya / January 26, 2025

The Naira gained N18.85 and N20 against the dollar on a week-on-week basis, respectively, at the official and parallel foreign […]

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CBN okays release of FX code

What CBN must do to win fight against rising inflation – World Bank, IMF

By Ifunanya / January 26, 2025

The World Bank Group and International Monetary Fund have told the Central Bank of Nigeria how to win a fight […]

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Naira records significant appreciation against dollar

By Ifunanya / January 24, 2025

The naira appreciated significantly at the official foreign exchange market to end the week stronger. FMDQ data showed that the […]

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AFAN calls for urgent steps to address food availability in Nigeria

By Ifunanya / January 24, 2025

The President of the All Farmers Association of Nigeria, AFAN, Architect Kabir Ibrahim, has stressed the urgent need for action […]

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N580bn runways budget: Why I’m ready to lose my job – FAAN MD, Kuku

By Ifunanya / January 24, 2025

The Managing Director of the Federal Airport Authority of Nigeria, Olubunmi Kuku, has declared readiness to resign her position over […]

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50% Telecoms tariff hike: Subscribers reject planned NLC shutdown

By Ifunanya / January 24, 2025

The National Association of Telecommunications Subscribers has rejected the shutdown and boycott of telecom service proposal by the Nigeria Labour […]

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Naira extends appreciation against dollar

By Ifunanya / January 24, 2025

The Naira extended its appreciation against the dollar at the foreign exchange market on Thursday. FMDQ data showed that the […]

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Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Gov, Cardoso

Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Gov, Cardoso

By Ifunanya / January 23, 2025

The Central Bank of Nigeria Governor, Olayemi Cardoso, on Thursday, said the country’s Gross Domestic Product is expected to grow […]

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Why Nigeria’s 15% inflation rate target possible—Oyedele

By Ifunanya / January 23, 2025

The Chairman of the Ptesidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained that Nigeria’s 15 percent […]

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Nigeria spent N3.57tn on debt servicing in Q3, 2024 – DMO

By Ifunanya / January 23, 2025

Nigeria’s total debt service costs, which include external and domestic obligations, rose to N3.57 trillion in the third quarter of […]

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Women-led businesses, agriculture to benefit from $35m FCMB deal

Women-led businesses, agriculture to benefit from $35m FCMB deal

By Ifunanya / January 23, 2025

By – Usman Lawal Photo credited – Proparco Proparco has deepened its partnership with First City Monument Bank (FCMB) by […]

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Yobe opens sesame seed factories to boost economic activities, create jobs

Yobe opens sesame seed factories to boost economic activities, create jobs

By Ifunanya / January 23, 2025

The Yobe State Government has inaugurated four modern sesame seed processing factories to boost economic activities and create jobs across […]

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