US Inflation Lowest Since May, Fed Eyes Rate Cuts
US consumer inflation slowed more than anticipated in January, falling to 2.4% annually—the lowest level since early 2021—as energy costs […]
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
Venezuela Oil Output Set for Dramatic US-Backed Increase
US Energy Secretary Chris Wright has pledged a significant increase in Venezuelan oil production, describing it as part of a
African Business News
L’Oreal Shares Sink as Sales Miss Forecasts
L’Oréal shares fell sharply on the Paris stock market Friday after the cosmetics giant reported fourth-quarter sales that missed analyst
Naira Depreciates vs Dollar, Erases Three-Day Gain
The Nigerian Naira reversed its recent gains on Thursday, depreciating at the official foreign exchange market for the first time
Nigeria Stocks Rise for 4th Day as Gains Hit N283bn
The Nigerian stock market extended its bullish momentum for a fourth consecutive session on Thursday, as investors netted fresh gains
NNPC, Africa’s Top Oil Firm, Posts $4.26B Profit
The Nigerian National Petroleum Company Limited (NNPC) has reported an after-tax profit of $4.26 billion for the 2025 financial year,
African Business News
Naira Strengthens to Below N1000 as Dangote Refinery Hits Full Capacity
Billionaire businessman Femi Otedola has forecast that Nigeria’s currency, the naira, could strengthen to below ₦1,000 per US dollar before
Energy, carbon costs too high: EU industry urges Brussels
More than 1,300 European industrial executives have issued an urgent call for the European Union to reduce energy prices and
FG Delivers Clean Energy: 1MW to Underserved Abuja
The Nigerian federal government has commissioned a one-megawatt clean energy project to provide electricity to two underserved communities in the
BOI’s Record ₦636bn Disbursement Validates Tinubu Reforms
President Bola Tinubu has praised the Bank of Industry (BOI) for disbursing a record ₦636 billion to Nigerian businesses in
US Claims China’s Chancay Port Threatens Peru Sovereignty
The United States has warned that Peru risks compromising its sovereignty through Chinese ownership of the Chancay port, intensifying focus
African Business News
Stocks Diverge on Earnings, Jobs Report as Fed Cut Odds Dip
Global stock markets traded in mixed directions Thursday as investors weighed stronger-than-expected U.S. employment data against the backdrop of corporate