African Business News

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

Naira depreciates by 41 percent against Dollar despite CBN interventions in 2024

By Ifunanya / January 2, 2025

The Naira depreciated by 41% and 26% against the dollar in the official and parallel foreign exchange markets, respectively, to […]

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Warri refinery begins operations - Daily Post Nigeria

Warri, Port Harcourt refineries restart will reduce petrol price – CORAN

By Ifunanya / January 2, 2025

The Crude Oil Refinery Owners Association of Nigeria has said that the coming onstream of Warri and Port Harcourt refineries […]

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2025: Tinubu vows to bring food prices, inflation down to 15 percent

By Ifunanya / January 1, 2025

President Bola Ahmed Tinubu has vowed that his administration will reduce the prices of food and lower inflation to 15 […]

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2025: Anxiety as Nigerians to pay 40 per cent more for calls, data

By Ifunanya / January 1, 2025

There is anxiety over a possible 40 percent telecommunications service tariff hike in Nigeria this New Year. This comes as […]

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2025: Subscribers reject fresh telecoms tariff hike in Nigeria

By Ifunanya / January 1, 2025

Telecommunications subscribers have vehemently rejected a proposed 40 per cent telecom service tariff hike in Nigeria expected to kick off […]

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2025: Nigerians upbeat on rejuvenated economy amid acute hardship

By Ifunanya / January 1, 2025

The commencement of domestic production of petroleum products by Dangote Refinery, the restart of Port Harcourt, and Warri Refineries is […]

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Naira appreciates against dollar, ends 2024 on positive note

By Ifunanya / December 31, 2024

The naira appreciated against the dollar at both official and black markets on Tuesday to end 2024 on a positive […]

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Warri Refinery: Most Nigerians don’t believe it is possible – Kyari, LG boss excited over partial production

By Ifunanya / December 31, 2024

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, has dismissed skeptics who doubt […]

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Investors record N987bn gains in single day at NGX

By Ifunanya / December 31, 2024

The Nigerian stock market, on Monday, recorded a significant gain of N987 billion, or 0.99 percent, in a single day. […]

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Naira dips against dollar hours to New Year

By Ifunanya / December 30, 2024

The naira depreciated against the dollar at official and parallel foreign exchange markets barely 24 hours to 2025. FMDQ data […]

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Warri refinery begins operations - Daily Post Nigeria

Warri refinery begins operations – Media Talk Africa Nigeria

By Ifunanya / December 30, 2024

The 125,000 barrels per day Warri Refining and Petrochemicals Company, WRPC has commenced operations. Mele Kyari, the Group Chief Executive […]

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Warri Refinery Restart: It brings joy to me, Nigerians —Tinubu

By Ifunanya / December 30, 2024

President Bola Ahmed Tinubu has said the restart of operation at the Warri Refinery on Monday has brought joy to […]

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FCMB Group Plc Announces Successful Completion of its Public Offer, raises ₦147.5 billion with 33% oversubscription

By Ifunanya / December 30, 2024

FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the successful completion […]

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Tinubu has the final say' — NNPC breaks silence on Mele Kyari's exit

Tinubu has the final say’ — NNPC breaks silence on Mele Kyari’s exit

By Ifunanya / December 30, 2024

The Nigerian National Petroleum Company has said that President Bola Ahmed Tinubu has the final say on the purported exit […]

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Nigeria receives W’Bank $1.5bn loan for subsidy removal, tax reforms

By Ifunanya / December 30, 2024

The Washington-based World Bank has disbursed a $1.5 billion foreign loan to Nigeria as part of the federal government’s effort […]

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Nigeria’s inflation rate may moderate in 2025 – CPPE

By Ifunanya / December 29, 2024

The Centre for the Promotion of Private Enterprise, CPPE, says Nigeria’s inflation may moderate slightly in 2025. The Executive Director […]

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Naira to depreciate to N1,804 per dollar in 2025 – Report

By Ifunanya / December 29, 2024

The Nigerian Naira has been projected to depreciate to N1,804 per dollar fair value at the official market in 2025. […]

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Inefficiencies reason for investment loss in Nigeria, others - W'bank

Inefficiencies reason for investment loss in Nigeria, others – W’bank

By Ifunanya / December 29, 2024

The Washington-based World Bank has revealed that inefficiencies in public spending are costing Nigeria and other developing nations a significant […]

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Naira appreciates against dollar after Christmas holidays

By Ifunanya / December 27, 2024

The naira appreciated against the dollar at the foreign exchange market upon resumption of work after the Christmas holidays. FMDQ […]

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China, Nigeria renew currency swap agreement

By Ifunanya / December 27, 2024

China’s central bank revealed on Friday that it has renewed a bilateral currency swap agreement with its counterpart in Nigeria, […]

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