African Business News

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

Naira appreciates massively against dollar in black market

Naira gains against dollar across official, black markets

By Ifunanya / July 4, 2025

The naira recorded appreciation against the dollar at official and parallel foreign exchange markets. The Central Bank of Nigeria’s exchange […]

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We've engaged foreign tracers to locate hidden assets of debtors — AMCON MD Alade

We’ve engaged foreign tracers to locate hidden assets of debtors — AMCON MD Alade

By Ifunanya / July 3, 2025

Managing Director of the Asset Management Corporation of Nigeria, AMCON, Gbenga Alade, said that the agency engaged foreign tracers to […]

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Ibadan DisCo sold for N100bn

Ibadan DisCo sold for N100bn

By Ifunanya / July 3, 2025

The Nigerian government, through the Asset Management Corporation of Nigeria, AMCON, has announced the sale of the Ibadan Electricity Distribution […]

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Edo revenue service rakes in N52.6bn in 6 months

Edo revenue service rakes in N52.6bn in 6 months

By Ifunanya / July 3, 2025

The Edo State Internal Revenue Service, EIRS, on Thursday said it generated a total of N52.6 billion to the coffers […]

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Nigerian stock market bounces back with N378bn gains after four days of losses

Nigerian stock market bounces back with N378bn gains after four days of losses

By Ifunanya / July 3, 2025

The Nigerian Exchange Limited (NGX) bounced back with N378 billion in gains on Wednesday after four days of losses. This […]

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British pound may go ‘woke’ — RT Business News

Bank of England’s Plan to Redesign Pound Notes with Diversity Themes Sparks Backlash

By Ifunanya / July 3, 2025

A plan to redesign the UK’s pound banknotes with a focus on diversity has sparked controversy, with some politicians and […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues appreciation for third consecutive day

By Ifunanya / July 3, 2025

The naira continued to appreciate against the dollar at the official foreign exchange market on Wednesday, marking the third consecutive […]

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Cooking gas price increases in Nigeria 

Cooking gas price increases in Nigeria 

By Ifunanya / July 2, 2025

Nigeria’s average price for refilling a 12.5kg cylinder of liquefied petroleum gas, LPG, rose by 2.18 per cent on a […]

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Nigerian economy stabilizing – IMF hails Cardoso-led CBN reforms

By Ifunanya / July 2, 2025

The International Monetary Fund has hailed Olayemi Cardoso-led Central Bank of Nigeria’s monetary policy reforms.The fund made this known in […]

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Nigerian petrol marketers give update on fuel price reduction 

BREAKING: Petrol Marketers reduce fuel price nationwide

By Ifunanya / July 2, 2025

Petroleum products marketers have reduced the price of Premium Motor Spirit in Nigeria. The president of the Independent Petroleum Marketers […]

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NOG: Stakeholders push for investment in Nigeria, Africa's energy sector

NOG: Stakeholders push for investment in Nigeria, Africa’s energy sector

By Ifunanya / July 2, 2025

Stakeholders have rallied support for investment and innovation in Africa’s oil and gas sector at the 24th Edition of Nigeria […]

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Richest Russians add $24 billion to wealth – Bloomberg — RT Business News

Russia’s Richest Businessmen See Net Worth Soar by $24.5 Billion in First Half of 2025

By Ifunanya / July 2, 2025

The fortunes of Russia’s wealthiest businessmen have experienced a significant boost, with their combined net worth rising by over $24.5 […]

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Nigeria’s economy grows by 3.7% in H1 2025 – Report

By Ifunanya / July 2, 2025

The Nigerian economy is projected to have grown by around 3.7 percent in the first half of 2025. The growth […]

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Investors record N240bn gain as NGX continues bullish trend

Two Nigerian blue-chip companies exit NGX30 after H1 Index review

By Ifunanya / July 2, 2025

Two Nigerian blue-chip, or top-listed, companies took the exit door at the Nigerian Exchange Limited 30 Index after a review […]

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Nigerian petrol marketers give update on fuel price reduction 

Fuel price reduction: ‘Joy’s coming’ – Manufacturers

By Ifunanya / July 2, 2025

Director General, Manufacturers Association of Nigeria, Segun Ajayi-Kadiri, sees the price of fuel coming down to N800. Media Talk Africa […]

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China boosting purchases of Russian metals – Bloomberg — RT Business News

China Increases Purchases of Russian Metals Amid Western Sanctions

By Ifunanya / July 2, 2025

A significant shift in global trade patterns has emerged as China increases its purchases of Russian metals, including aluminum, copper, […]

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Nigerian petrol marketers give update on fuel price reduction 

Nigerian petrol marketers give update on fuel price reduction 

By Ifunanya / July 2, 2025

Nigerian petroleum marketers have said they are on the verge of announcing a fresh price template from Wednesday after Dangote […]

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Naira strengthens against dollar, begins July on positive note

Naira strengthens against dollar, begins July on positive note

By Ifunanya / July 1, 2025

The naira continued its appreciation against the dollar at the official foreign exchange market on Tuesday. According to data from […]

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NNPCL names new senior management team

NNPCL announces N6.008tn revenue, 1.63 mbpd crude production in May

By Ifunanya / July 1, 2025

The Nigerian National Petroleum Company Limited (NNPCL) has announced N6.008 trillion revenue for the month of May 2025. May’s revenue […]

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Canada scraps tax on tech giants in bid to revive US trade talks — RT Business News

Canada shelves digital tax on US tech giants to revive trade talks with America

By Ifunanya / July 1, 2025

In a significant move to salvage trade negotiations with the US, Canada has decided to shelve its plans to impose […]

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