Crash at Agulu Lake Kills Four Women, Injures Nine
A fatal road crash on the Agulu Lake road in Anambra State, Nigeria, resulted in the deaths of four women […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigerian Stock Market Sheds N2.2 Trillion in Four Days
The Nigerian stock market sustained a significant downturn last week, with investors losing approximately N2.2 trillion over four consecutive trading
Naira Depreciates vs US Dollar in Official and Black Markets
The Nigerian naira depreciated significantly against the US dollar in both the official and parallel foreign exchange markets last week,
Gas Supply Shortfall Causes Nigeria’s Power Outages
Nigeria’s persistent nationwide power outages are primarily caused by an acute shortage of gas supply to thermal power plants, the
Nigeria Nominal GDP Hits N122.81 Trillion in Q4 2025
Nigeria’s nominal Gross Domestic Product (GDP) rose to N122.81 trillion in the
REA plans 500+ rural solar projects with N170bn for 2026
The Rural Electrification Agency (REA) of Nigeria has announced plans to implement over 500 electrification projects in the 2026 fiscal
Market Dominance Scrutiny Meta’s Google AI Chip Deal
Meta has entered a multibillion-dollar agreement to rent artificial intelligence chips from Google, according to a report by The Information.
African Business News
Domestic Airlines Fault FCCPC Over Price Fixing Claims
The Airline Operators of Nigeria (AON) has disputed a preliminary finding by the Federal Competition and Consumer Protection Commission (FCCPC)
Nigerian Stock Market Suffers Third Consecutive N515bn Loss
The Nigerian stock market extended its losing streak to three consecutive sessions on Thursday, as a decline in major banking
African Business News
IMF Urges US to Ease Trade Restrictions with Partners
The International Monetary Fund has urged the United States to collaborate with trading partners in reducing trade restrictions, warning that
Naira Weakens Against US Dollar in Official Market
The Nigerian naira weakened further against the US dollar in the official foreign exchange market on Thursday, extending a recent