African Business News

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

NCAA grounds Rano Air aircraft after mid-flight engine failure

NCAA grounds Rano Air aircraft after mid-flight engine failure

By Ifunanya / July 1, 2025

The Nigeria Civil Aviation Authority (NCAA) has grounded a Rano Air aircraft with registration number 5N-BZY following an in-flight engine […]

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DMO releases results of April 2025 FGN Bond auction

Concerns as Nigeria’s debt balloons to N149.39tn amid worsening infrastructural deficit

By Ifunanya / July 1, 2025

Financial experts and economists have raised concerns over Nigeria’s N149.39 trillion debt profile at the end of the first quarter […]

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ICAN to establish 'Governor Bago' Student Centre in Minna

ICAN to establish ‘Governor Bago’ Student Centre in Minna

By Ifunanya / July 1, 2025

The President of the Institute of Chartered Accountants of Nigeria, ICAN, Dr. Haruna Nma Yahaya, has announced plans to set […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

By Ifunanya / July 1, 2025

Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre. This comes as […]

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Naira appreciates against dollar across official, black markets

Naira appreciates against dollar on official market

By Ifunanya / July 1, 2025

The naira appreciated significantly against the dollar at the official foreign exchange market to begin the week on a bullish […]

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Nigerian banks announce early closure over half-year audit

Nigerian banks announce early closure over half-year audit

By Ifunanya / June 30, 2025

Nigerian commercial banks have announced early closure from Monday, June 30, 2025. The banks gave scheduled half-year audit activities as […]

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DMO: Data Analyst Ogunsanwo picks holes in Nigeria's N149.39tn debt

DMO: Data Analyst Ogunsanwo picks holes in Nigeria’s N149.39tn debt

By Ifunanya / June 30, 2025

Babajide Ogunsanwo, a data analyst, has picked holes in Nigeria’s N149.39 trillion debt figure as of the first quarter of […]

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FCMB opens new branch at Sangotedo in Lagos

FCMB opens new branch at Sangotedo in Lagos

By Ifunanya / June 30, 2025

First City Monument Bank (FCMB) officially commissioned a new branch in Sangotedo, Lagos, on June 26, 2025. Local leaders expressed […]

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US lifts Russia sanctions that blocked key NPP construction in EU state — RT Business News

US Lifts Sanctions on Gazprombank for Hungary’s Paks-2 Nuclear Power Plant Project

By Ifunanya / June 29, 2025

In a significant development, the United States has lifted sanctions that previously barred financial transactions with Russia’s Gazprombank related to […]

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TCN announces 120MW addition to national grid

TCN announces 120MW addition to national grid

By Ifunanya / June 29, 2025

The Transmission Company of Nigeria, TCN, has announced that it has energised two newly installed power transformers at its 330/132/33 […]

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New tax law will impact livelihood – ICAN

By Ifunanya / June 29, 2025

The Institute of Chartered Accountants of Nigeria, (ICAN), has commended President Bola Tinubu for signing into law, four tax reform […]

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Nigeria projected among top-five world's biggest economies

Nigeria projected among top-five world’s biggest economies

By Ifunanya / June 28, 2025

Nigeria has been projected to be among the top five biggest economies in the world by 2075. The Spectator Index […]

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Elon Musk’s Starlink resumes activation of fresh customers in Nigeria

Elon Musk’s Starlink resumes activation of fresh customers in Nigeria

By Ifunanya / June 28, 2025

United States of America tech billionaire, Elon Musk’s firm, SpaceX Starlink, a satellite internet provider Starlink, has officially resumed activation […]

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Naira appreciates massively against dollar in black market

Naira returns to depreciation against dollar at official foreign exchange market

By Ifunanya / June 28, 2025

The naira returned to depreciation against the dollar at the official foreign exchange and ended the week on a negative […]

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Overbilling: NERC slams N626m fine on Abuja, Ikeja, other DisCos, orders refunds to customers

NERC approves order for Abia to regulate electricity market

By Ifunanya / June 28, 2025

The Nigerian Electricity Regulatory Commission, NERC, has commenced the process of transferring the regulatory oversight of electricity market in Abia […]

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Trump Mobile drops ‘Made in USA’ label amid China copycat concerns — RT Business News

Trump Mobile Removes Made in USA Label Amid Claims New Smartphone is Rebranded Chinese Model

By Ifunanya / June 28, 2025

The Trump Organization has sparked controversy with its new smartphone, the T1, after removing the “Made in the USA” label […]

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News tax laws: I feel fulfilled, hopeful about Nigeria - Oyedele

News tax laws: I feel fulfilled, hopeful about Nigeria – Oyedele

By Ifunanya / June 27, 2025

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has declared that the signing of Nigeria’s […]

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African leaders have no basic economic knowledge to develop continent – Obasanjo

By Ifunanya / June 27, 2025

Former Nigerian President, Olusegun Obasanjo has taken a swipe at Africa’s political elite, saying they lack the basic economic knowledge […]

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N210 alleged Missing Funds, Portharcourt Refinery: NNPCL blames saboteurs for travails

N210 alleged Missing Funds, Portharcourt Refinery: NNPCL blames saboteurs for travails

By Ifunanya / June 27, 2025

The leadership of the Nigerian National Petroleum Company Limited has blamed saboteurs for waves of campaigns of calumny against the […]

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Russia will not bend under sanctions – finance minister — RT Business News

Russia Defies Sanctions with 4% Economic Growth and Self Sufficiency

By Ifunanya / June 27, 2025

Russia’s economy has defied expectations by growing over 4% in the past two years, despite being the world’s most-sanctioned country. […]

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