Raw Shea Nut Export Ban Extended One Year by Tinubu
President Bola Tinubu has extended Nigeria’s ban on the export of raw shea nuts by one year, a move designed […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Air Cargo Reforms Boost Nigeria Non-Oil Export Growth
Nigeria is pursuing aggressive air cargo reforms to boost non-oil exports, with the Federal Airports Authority of Nigeria (FAAN) spearheading
Tinubu Extends Raw Shea Nuts Export Ban to Boost Processing
President Bola Ahmed Tinubu has extended Nigeria’s ban on the export of raw shea nuts by one year, a move
Naira Depreciates for Three Days in Official FX Market
The Nigerian Naira depreciated for a third consecutive day against the US dollar in the official market, extending recent losses
Stocks in Asia, Europe Hit Record Highs as AI Fears Ease
Asian and European stock markets hit record highs Wednesday as investor anxiety over artificial intelligence’s economic impact and valuation eased,
African Business News
Nvidia H200 AI Chip Not Yet Sold in China, US Official Says
A senior U.S. commerce official has confirmed that no H200 artificial intelligence chips from Nvidia have been sold to Chinese
CBN Cuts Nigeria Interest Rate to 26.5% for Businesses
Nigeria’s Central Bank has reduced its benchmark interest rate for the second time in less than a year, a move
Yango Partners Flutterwave for Digital Payments in Zambia
Yango, the ride-hailing and food delivery platform operated by Yango Group, has announced a strategic partnership with Flutterwave, a prominent
African Business News
Aston Martin Cuts Jobs Over US Tariffs, China Weak Demand
Aston Martin will reduce its global workforce by up to 20 percent, equating to approximately 600 jobs, as the British
Tariffs, China Weakness Prompt Aston Martin Job Cuts
British luxury automaker Aston Martin will reduce its global workforce by up to 20 percent, equating to approximately 600 jobs,
CBN Recapitalization: 20 Banks Hit N4.05 Trn Target Early
The Central Bank of Nigeria (CBN) announced that 20 Nigerian lenders have collectively raised N4.05 trillion in capital, successfully meeting
FCMB NGX Gains on Investor Interest, Valuation Discount
FCMB Shares Rise on NGX Amid Broader Banking Sector Recapitalisation First City Monument Bank (FCMB) Group Plc has recorded sustained