African Business News

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

WAFCON: Nigerians attack Tinubu for Super Falcons' dollar reward

WAFCON: Nigerians attack Tinubu for Super Falcons’ dollar reward

By Ifunanya / July 28, 2025

Some Nigerians have taken to their social media accounts to attack President Bola Tinubu for rewarding the 24 players of […]

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Naira continues depreciation against dollar

Naira appreciates against dollar to resume week

By Ifunanya / July 28, 2025

The naira began the week with a gain against the dollar at the official foreign exchange market. The Central Bank […]

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Nigeria's cashless payment hits N250trn as active bank accounts surge to 320m—NIBSS

Nigeria’s cashless payment hits N250trn as active bank accounts surge to 320m—NIBSS

By Ifunanya / July 28, 2025

The Nigeria Inter-Bank Settlement System, NIBSS’s, has announced that the country’s cashless transactions rose to N295 trillion in the first […]

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Shaping Smart Nations: How London School of Emerging Technology (LSET) Global Education Model Is Resonating with Singapore’s Smart Nation Aspirations

Shaping Smart Nations: How London School of Emerging Technology (LSET) Global Education Model Is Resonating with Singapore’s Smart Nation Aspirations

By Ifunanya / July 28, 2025

Singapore’s journey towards becoming a Smart Nation has been marked by its commitment to harnessing technology for economic competitiveness, sustainability, […]

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OPPO launches Night Photo King Reno14 Series in Nigeria with AI Flash photography, stunning design

OPPO launches Night Photo King Reno14 Series in Nigeria with AI Flash photography, stunning design

By Ifunanya / July 28, 2025

OPPO Nigeria has unveiled its latest smartphone lineup, the Reno14 Series, featuring the Reno14 5G and Reno14 F 5G. The […]

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Nigeria’s oil reserves must be optimally managed, not underutilised — CEGA

Nigeria’s oil reserves must be optimally managed, not underutilised — CEGA

By Ifunanya / July 27, 2025

The Centre for Energy Governance and Accountability, CEGA, has backed the federal government’s approval of 37 new crude oil evacuation […]

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Food Price Cut: Why Nigerian farmers should not cultivate maize, rice - Tedheke

Food Price Cut: Why Nigerian farmers should not cultivate maize, rice – Tedheke

By Ifunanya / July 27, 2025

Nigerian agribusiness expert and managing director of the Nigeria Farmers Group, Retson Tedheke, has warned farmers in the country not […]

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AEDC workers issue notice to shutdown electricity supply in Abuja, three other Nigerian states

AEDC gives reason for blackout in parts of Abuja

By Ifunanya / July 26, 2025

The Abuja Electricity Distribution Company, AEDC, has explained that the blackout being experienced in parts of the nation’s capital is […]

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Fidelity Bank empowers SMEs with Business Management Systems

Fidelity Bank empowers SMEs with Business Management Systems

By Ifunanya / July 26, 2025

Small and Medium Enterprises (SMEs) have been encouraged to adopt digital tools to enhance their operations and drive sustainable growth. […]

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Abia government disowns international lands, property summit 

Abia government disowns international lands, property summit 

By Ifunanya / July 26, 2025

Abia State government has officially distanced itself from the “International Summit on Lands, Estates and Properties” slated to take place […]

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Fidelity Bank launches solar-powered bags for school children, donates 1,000 to Ogun pupils

Fidelity Bank launches solar-powered bags for school children, donates 1,000 to Ogun pupils

By Ifunanya / July 26, 2025

In a bold step toward improving access to quality education across Nigeria, Fidelity Bank Plc has launched the “Lighting Young […]

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Tinubu seeks more time on payment, verification of N4trn debt owed GenCos

Tinubu seeks more time on payment, verification of N4trn debt owed GenCos

By Ifunanya / July 26, 2025

President Bola Tinubu has appealed to power generation companies (GenCos) to give the federal government more time to complete the […]

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Ikazoboh replaces Dangote as Chairman of Cement Company

Ikazoboh replaces Dangote as Chairman of Cement Company

By Ifunanya / July 26, 2025

Emmanuel Ikazoboh has been announced as the replacement for Aliko Dangote as Chairman of the Board of Directors at Dangote […]

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GenCos debt: N4tn bond programme receives Tinubu's anticipatory approval - Verheijen

GenCos debt: N4tn bond programme receives Tinubu’s anticipatory approval – Verheijen

By Ifunanya / July 26, 2025

The Special Adviser to the President on Energy, Mrs. Olu Verheijen, has said a N4 trillion bond programme has received […]

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Nigeria can reduce cost of housing by 50 per cent - Olatunbosun

Nigeria can reduce cost of housing by 50 per cent – Olatunbosun

By Ifunanya / July 26, 2025

A popular Nigerian investor and Group Chief Executive Officer of Casalavoro Residence, Mr Williams Olatunbosun, has said that the Nigerian government […]

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

Naira continues appreciation against US dollar as foreign reserves increase

By Ifunanya / July 25, 2025

The naira continued its appreciation against the United States dollar at the foreign exchange market on Friday, driven by a […]

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Russia crosses ruble foreign trade threshold — RT Business News

Sanctions Drive Ruble Over 50% in Export Payments for First Time

By Ifunanya / July 25, 2025

The Russian ruble has reached a historic milestone in international trade, accounting for over half of all export settlements for […]

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Lagos makes global top 15 in 2025 nightlife rankings (Full List)

Lagos makes global top 15 in 2025 nightlife rankings (Full List)

By Ifunanya / July 25, 2025

Lagos has once again earned global recognition, securing the 14th position in the latest ranking of the world’s best nightlife […]

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Eko DisCo announces 25-day blackout in Lagos

Eko DisCo announces 25-day blackout in Lagos

By Ifunanya / July 25, 2025

Eko Electricity Distribution Company has announced a 25-day blackout in parts of Lagos State. Eko DisCo disclosed this in a […]

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Paris Club Refund: Consultant slams contempt charges against CBN gov

Reps give CBN Governor 14 days to remit N3.64trn or face arrest

By Ifunanya / July 25, 2025

The Joint Committees on Public Accounts and Public Assets of the House of Representatives have given Central Bank of Nigeria, […]

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