African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called […]
Continue ReadingThe Petroleum Product Retail Outlet Owners Association has explained that the N100 billion intervention request from President Bola Ahmed Tinubu […]
Continue ReadingThe Lagos State Special Offences Court, on Wednesday, dismissed an application filed by former governor of the Central Bank of […]
Continue ReadingThe naira fell for the third straight time against the dollar at the foreign exchange in 2025. This comes as […]
Continue ReadingThe Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, has confirmed that Nigeria’s telecommunications tariffs will soon increase. […]
Continue ReadingNigeria’s Minister of Communications, Innovations, and Digital Economy, Bosun Tijani, is currently meeting with representatives of telecommunications companies amid mounting […]
Continue ReadingSeplat Energy said moves are underway to rejuvenate over 400 idle Nigerian oil wells. Eleanor Adaralegbe, Seplat’s chief financial officer […]
Continue ReadingChina Development Bank, CDB, has approved the first tranche of a $255 million loan for the Nigerian government’s Kaduna-Kano railway […]
Continue ReadingNigeria’s external reserves increased to $40.920 billion as of January 6, 2025, up from $40.292 billion recorded on December 2, […]
Continue ReadingPetroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has announced that it will sign a direct purchase agreement with […]
Continue ReadingThe Nigerian Exchange market recorded its first loss in 2025 as investors shed N152 billion following sell-offs of Tier-one banking […]
Continue ReadingThe naira dipped further against the dollar in the foreign exchange market on Tuesday. FMDQ data showed that the naira […]
Continue ReadingThe Acting Managing Director of Abuja Electricity Distribution Company, Chijioke Okwuokenye, said the Disco has put in place remedial measures […]
Continue ReadingThe Nigerian National Petroleum Company Limited, NNPCL, has been asked to prioritise crude oil supply to local refineries, including the […]
Continue ReadingNigeria’s Office of the Auditor-General for the Federation has uncovered a minimum of four financial infractions amounting to N514 billion […]
Continue ReadingAirtel Nigeria has blamed a 300 percent rise in the cost of operation for its demand for call, data, and […]
Continue ReadingOlugbenga ‘GB’ Agboola, CEO and Founder of Flutterwave was recently announced as part of ThisDay’s 2024 Young Global Leaders of […]
Continue ReadingReports indicate that a large sack of onions now costs ₦260,000, while a smaller sack is being sold for ₦200,000 […]
Continue ReadingThe Naira depreciated marginally against the dollar on Monday at the foreign exchange market to resume the week on a […]
Continue ReadingAs part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking […]
Continue Reading