Naira Appreciation to N1000: Tinubu’s Coming Weeks Forecast
President Bola Ahmed Tinubu has projected that the Nigerian naira will strengthen to N1,000 per US dollar in the coming […]
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 to N1,355.37/$ in Official Forex Market
The Naira weakened further against the US dollar in Nigeria’s official foreign exchange market on Tuesday, continuing a recent depreciation
African Business News
Naira to ₦1,000/$ Barred by CBN FX Intervention: Shettima
The Central Bank of Nigeria’s (CBN) intervention in the foreign exchange market this week prevented a rapid appreciation of the
Trump Demands Netflix Fire Rice Over Pro-Trump Firm Threats
Donald Trump has demanded the immediate removal of Susan Rice from Netflix’s board, labelling the former Obama administration official “racist”
YouTube Stresses Value Over Addiction in Landmark Trial
A landmark trial examining social media addiction resumed in a Los Angeles court on Monday, focusing on the design practices
CBN: Nigeria Reserves Hit $50.45B, Highest in 13 Years
Nigeria’s foreign reserves have reached a 13-year high of $50.45 billion as of February 16, 2026, Central Bank Governor Olayemi
Recapitalization: 13 Nigerian Banks Yet to Meet CBN Target
Thirteen Nigerian banks have not yet satisfied new capital requirements set by the Central Bank of Nigeria (CBN), with a
IBEDC Gets Only 50% Power from TCN, To Buy from Gencos
The Ibadan Electricity Distribution Company (IBEDC) is receiving only 50% of its required power supply from the Transmission Company of
African Business News
CBN Cuts Interest Rate by 50 Basis Points to 26.50% from 27%
Nigeria’s Central Bank has reduced its key monetary policy rate by 50 basis points to 26.50%, the first cut in
Nigeria’s CBN Cuts Interest Rate to 26.50% from 27%
The Central Bank of Nigeria (CBN) has reduced its key monetary policy rate by 50 basis points to 26.50 percent,
GenCos Deny Tinubu Slashed Power Sector Legacy Debt to N2.8tn
The Association of Power Generation Companies (APGC) has rejected media reports claiming the administration of President Bola Tinubu reduced the
Nigerian Equities Market Opens Bullish, Gains N804bn
The Nigerian equities market commenced the week strongly, as the Nigerian Exchange Limited (NGX) recorded a significant increase in investor