African Business News

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

Apple changes Gulf of Mexico to ‘Gulf of America’ on US app

Apple changes Gulf of Mexico to ‘Gulf of America’ on US app

By Ifunanya / February 12, 2025

An American multinational technology conglomerate, Apple, has renamed the Gulf of Mexico as the “Gulf of America” for US users […]

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NGX on positive run as investors gain N426bn

NGX on positive run as investors gain N426bn

By Ifunanya / February 12, 2025

Nigerian Exchange Limited, NGX, closed on a positive note, as investors recorded a N426.28 billion gain on Tuesday. This comes […]

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Naira continues depreciation against dollar at black market

Naira continues depreciation against dollar at black market

By Ifunanya / February 12, 2025

The Naira extended depreciation against the dollar on Tuesday at the parallel foreign exchange market, the second consecutive drop in […]

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Three things to know about CBN's new ATM charges

Three things to know about CBN’s new ATM charges

By Ifunanya / February 11, 2025

The Central Bank of Nigeria on Monday, 10 February 2025, announced fresh guidelines for the use of Automated Teller Machines, […]

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Flutterwave increases remittances from Africans abroad on paydays via Send App

Flutterwave increases remittances from Africans abroad on paydays via Send App

By Ifunanya / February 11, 2025

Flutterwave, Africa’s leading payments technology company, has unveiled its Send App 2024 Remittance Industry Report, offering critical insights into how […]

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CBN announces fresh date for first MPC meeting in 2025

CBN increases ATM withdrawal charges to N100, N450

By Ifunanya / February 11, 2025

The Central Bank of Nigeria, CBN, has announced new charges for the use of Automated Teller Machines, ATMs. This was […]

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Too early to see impact of US tariffs on world economy - IMF

Too early to see impact of US tariffs on world economy – IMF

By Ifunanya / February 11, 2025

The Managing Director of the International Monetary Fund, IMF, Kristalina Georgieva, on Tuesday said it is too early to assess […]

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50% tariff hike: MTN announces new prices for data subscription

50% tariff hike: MTN announces new prices for data subscription

By Ifunanya / February 11, 2025

Telecommunications firm, MTN, has commenced implementation of the 50 percent tariff hike approvef by the Nigerian Communications Commission, NCC. Revised […]

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Naira extends appreciation against dollar at black market

Naira tumbles against dollar at black market

By Ifunanya / February 11, 2025

The naira dropped against the dollar at the parallel foreign exchange market to resume this week on Monday. According to […]

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NNPCL under pressure to reduce petrol price amid rivalry with Dangote Refinery

NNPCL under pressure to reduce petrol price amid rivalry with Dangote Refinery

By Ifunanya / February 11, 2025

The Nigerian National Petroleum Company Limited mulls fresh premium motor spirit price reduction as MRS filling station, in partnership with […]

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CBN announces fresh date for first MPC meeting in 2025

CBN announces fresh date for first MPC meeting in 2025

By Ifunanya / February 10, 2025

The Central Bank of Nigeria has postponed its 299th Monetary Policy Committee meeting earlier slated for February 17 and 18, […]

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Dangote Refinery to operate at full capacity in 30 days

Dangote Refinery to operate at full capacity in 30 days

By Ifunanya / February 10, 2025

The head of the Dangote refinery, Edwin Devakumar, on Monday said the refinery, Africa’s largest, could begin operating at full […]

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Nigerian refiners blast IOCs over zero crude allocation, as FG plans sanction

Nigerian refiners blast IOCs over zero crude allocation, as FG plans sanction

By Ifunanya / February 10, 2025

Nigerian crude oil refinery owners have tackled international oil companies and producers for zero crude allocation. This comes as the […]

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Nigeria's Treasury bills attract N3.22tn from investors

Nigeria’s Treasury bills attract N3.22tn from investors

By Ifunanya / February 9, 2025

Nigeria’s Treasury bills, T-bills auction have attracted a total subscription of N3.22 trillion. This comes as the Debt Management Office, […]

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Naira gains N45 against dollar at black market on week-on-week

Naira gains N45 against dollar at black market on week-on-week

By Ifunanya / February 9, 2025

The Naira gained N45 against the dollar at the parallel foreign exchange market on a week-on-week basis. Analysis of the […]

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Naira extends appreciation against dollar at black market

Naira extends appreciation against dollar at black market

By Ifunanya / February 8, 2025

The Nigerian currency, Naira, continued its appreciation run against the dollar at the parallel foreign exchange market on Friday. According […]

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Fidelity Bank investors affirm support with 238% oversubscription in first phase of equity capital raise

Fidelity Bank investors affirm support with 238% oversubscription in first phase of equity capital raise

By Ifunanya / February 7, 2025

Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity capital raise […]

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Trump's 8-point tax provision in US revealed

Trump’s 8-point tax provision in US revealed

By Ifunanya / February 7, 2025

United States President Donald Trump’s eight-point plan for all tax provisions has been revealed. According to Rapid Response 47, the […]

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Price of eggs to drop in Nigeria with govt subsidy — Poultry farmers

Price of eggs to drop in Nigeria with govt subsidy — Poultry farmers

By Ifunanya / February 7, 2025

The Poultry Association of Nigeria, PAN, Lagos State chapter, has targeted a drop in the price of eggs with the […]

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Hardship: 15% ports tariff increase sparks fresh price hike in Nigeria

Hardship: 15% ports tariff increase sparks fresh price hike in Nigeria

By Ifunanya / February 7, 2025

The 15 percent ports tariff increase announced by the Nigerian Ports Authority on Thursday has sparked a fresh price hike […]

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