African Business News

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

FBH shareholders plot removal of Otedola as chairman, call for AGM

By Ifunanya / January 9, 2025

The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called […]

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Fuel price: N100bn grant not free money – PETROAN

By Ifunanya / January 9, 2025

The Petroleum Product Retail Outlet Owners Association has explained that the N100 billion intervention request from President Bola Ahmed Tinubu […]

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Alleged fraud: Emefiele loses bid to stop $4.5bn, N2.8bn case

By Ifunanya / January 9, 2025

The Lagos State Special Offences Court, on Wednesday, dismissed an application filed by former governor of the Central Bank of […]

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Naira falls against dollar for third consecutive day

By Ifunanya / January 8, 2025

The naira fell for the third straight time against the dollar at the foreign exchange in 2025. This comes as […]

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Call, Data Tariffs will increase — Nigerian Minister, Tijani declares

By Ifunanya / January 8, 2025

The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, has confirmed that Nigeria’s telecommunications tariffs will soon increase. […]

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Nigerian Minister meets telcos over fresh call for data tariff hike

By Ifunanya / January 8, 2025

Nigeria’s Minister of Communications, Innovations, and Digital Economy, Bosun Tijani, is currently meeting with representatives of telecommunications companies amid mounting […]

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Seplat to revamp over 400 idle oil wells in Nigeria

By Ifunanya / January 8, 2025

Seplat Energy said moves are underway to rejuvenate over 400 idle Nigerian oil wells. Eleanor Adaralegbe, Seplat’s chief financial officer […]

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Nigerian Govt gets $255m Chinese loan for Kano-Kaduna railway project

By Ifunanya / January 8, 2025

China Development Bank, CDB, has approved the first tranche of a $255 million loan for the Nigerian government’s Kaduna-Kano railway […]

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Nigeria’s external reserves increase to $40.920bn

By Ifunanya / January 8, 2025

Nigeria’s external reserves increased to $40.920 billion as of January 6, 2025, up from $40.292 billion recorded on December 2, […]

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Fuel price: PETROAN to sign direct purchase agreement with three Nigerian refineries

By Ifunanya / January 8, 2025

Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has announced that it will sign a direct purchase agreement with […]

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NGX records first loss in 2025 as investors shed N152bn

By Ifunanya / January 8, 2025

The Nigerian Exchange market recorded its first loss in 2025 as investors shed N152 billion following sell-offs of Tier-one banking […]

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Naira drops further – Media Talk Africa Nigeria

By Ifunanya / January 7, 2025

The naira dipped further against the dollar in the foreign exchange market on Tuesday. FMDQ data showed that the naira […]

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Blackout in Abuja, Nasarawa: What AEDC is doing as remedy — Acting MD, Okwuokenye

By Ifunanya / January 7, 2025

The Acting Managing Director of Abuja Electricity Distribution Company, Chijioke Okwuokenye, said the Disco has put in place remedial measures […]

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NNPCL asked to prioritise crude supply to Dangote, other local refineries before foreign partners – Media Talk Africa Nigeria

By Ifunanya / January 7, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has been asked to prioritise crude oil supply to local refineries, including the […]

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Audit report uncovers N515bn infractions in NNPCL transactions – Media Talk Africa Nigeria

By Ifunanya / January 7, 2025

Nigeria’s Office of the Auditor-General for the Federation has uncovered a minimum of four financial infractions amounting to N514 billion […]

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Airtel gives reason for call, data tariff hike demand – Media Talk Africa Nigeria

By Ifunanya / January 7, 2025

Airtel Nigeria has blamed a 300 percent rise in the cost of operation for its demand for call, data, and […]

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Olugbenga GB Agboola named among ThisDay’s Young Global Leaders of the Year 2024 – Media Talk Africa Nigeria

By Ifunanya / January 7, 2025

Olugbenga ‘GB’ Agboola, CEO and Founder of Flutterwave was recently announced as part of ThisDay’s 2024 Young Global Leaders of […]

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Onion prices increase by 200% in Nigerian markets ahead of Yuletide

Reasons emerge from North over rising cost as situation worsens

By Ifunanya / January 7, 2025

Reports indicate that a large sack of onions now costs ₦260,000, while a smaller sack is being sold for ₦200,000 […]

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Naira depreciates marginally against dollar

By Ifunanya / January 7, 2025

The Naira depreciated marginally against the dollar on Monday at the foreign exchange market to resume the week on a […]

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Fidelity Bank launches “Bundles of Joy” Initiative to support children with special needs, families

Fidelity Bank launches “Bundles of Joy” Initiative to support children with special needs, families

By Ifunanya / January 6, 2025

As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking […]

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