EU in Energy Emergency on Shift from Russian Gas to US LNG
The European Union has entered “emergency mode” over soaring energy costs as it grapples with the economic fallout of moving […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Naira Stronger Against US Dollar in Official, Black Markets
The Nigerian Naira strengthened against the US dollar across both official and parallel foreign exchange markets on Wednesday, marking sustained
Funds Delay Stalls N300bn Power Project for Universities, Hospitals
A N300 billion federal initiative to provide stable solar hybrid electricity to all federal universities and teaching hospitals has stalled
Telegram Restriction in Russia, Mironov Slams Impact on Troops
Russia’s media regulator, Roskomnadzor, has confirmed it restricted access to Telegram within the country due to the platform’s failure to
African Business News
US Jobs Data Focus as Markets Diverge, Dollar Weakens
Global stock markets traded in mixed directions and the US dollar weakened on Wednesday as investors positioned for crucial American
African Business News
US Jobs Data, Fed Focus: Stocks Mixed, Dollar Dips
Global stock markets moved in differing directions Wednesday while the U.S. dollar weakened ahead of the release of key U.S.
CBN Approves BDCs in Forex Market with $150,000 Weekly Cap
Central Bank of Nigeria Integrates Licensed Bureaux de Change into Official Forex Market The Central Bank of Nigeria (CBN) has
African Business News
US Jobs Beat Expectations, World Stock Markets Rise
Global stock markets rallied on Wednesday following a stronger-than-expected US jobs report for January, though the positive momentum was tempered
African Business News
US Job Growth Beats Expectations, Unemployment Dips in January
US job growth exceeded forecasts in January, with the economy adding 130,000 positions and the unemployment rate edging down to
Ford 2025 Net Loss $8.2B EV Struggles Tariff Costs Soar
Ford Motor Company reported a full-year net loss of $8.2 billion for 2025, driven by significant challenges in its electric
African Business News
Nigeria Capital Importation Rises 75% to $21B in 2025
Nigeria’s capital importation reached approximately $21 billion in the first ten months of 2025, marking a 75 per cent increase
Nigerian stock market gains N1.8trn in positive rally
The Nigerian stock market extended its winning streak for a second consecutive day on Tuesday, as investors gained N1.838 trillion