Naira Depreciates to N1,340/$ Despite CBN Intervention
The Nigerian naira weakened against the US dollar in the official foreign exchange market on Wednesday, closing at N1,340 despite […]
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.
African Business News
US Goods Deficit Hits Record 2025 Despite Trump Tariffs
The U.S. trade deficit in goods reached a new record in 2025, government data showed Thursday, even as President Donald
Nigeria Power Debt Hits N6.6trn, N501bn Bond Inadequate
The Chief Executive Officer of the Association of Power Generation Companies (GENCOs), Dr. Joy Ogaji, has stated that the Federal
Oil Revenue Remittance: Expert on Tinubu’s Order and PIA
President Bola Tinubu’s Executive Order mandating the direct remittance of all oil and gas revenue to the Federation Account has
Nigerian Customs Suspends AEO for False Declaration
The Nigerian Customs Service has suspended the Authorized Economic Operator (AEO) certification of a company following an investigation into false
African Business News
Warner Bros Reopens Paramount Talks to Beat Netflix Bid
Warner Bros. Discovery has resumed acquisition talks with Paramount Skydance, granting the consortium one week to submit a final offer
African Business News
Vietnamese Airlines Seal $37B Deals with US Aerospace
Three Vietnamese airlines have announced aircraft purchase agreements with U.S. aerospace manufacturers totaling approximately $36.9 billion. The deals, signed in
NGX Rebounds with N684bn Gain as ASI Rises 1,065pts
The Nigerian Exchange Limited (NGX) recorded a significant recovery on Wednesday, March 29, as investors gained N684 billion following a
Naira Depreciates Official, Appreciates Black vs Dollar
The Nigerian Naira experienced divergent movements against the US dollar across key foreign exchange markets on Wednesday, reflecting the complex
Nigerian GenCos’ N6tn Unpaid Invoices Threaten Power Supply
Power generation companies in Nigeria have revealed that unpaid invoices for electricity supplied to the national grid have reached approximately
African Business News
Naira Strengthens Against US Dollar Across FX Markets
The Nigerian naira appreciated significantly against the US dollar in both official and parallel foreign exchange markets on Monday, marking
Dangote Says Naira May Appreciate to N1,100 Per Dollar in 2026
Dangote Projects Naira Appreciation to N1,100 per Dollar in 2026 Abuja — Aliko Dangote, Chairman of the Dangote Group and