African Business News

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

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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Naira appreciates massively against dollar in black market

Naira records massive appreciation against dollar at official market

By Ifunanya / June 27, 2025

The Naira recorded massive appreciation against the dollar at the official foreign exchange market on Thursday. According to the Central […]

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Tax reform bills: FIRS now Nigeria Revenue Service

Tax reform bills: FIRS now Nigeria Revenue Service

By Ifunanya / June 27, 2025

The Federal Inland Revenue Service has now become the Nigeria Revenue Service, following President Bola Ahmed Tinubu’s assent to four […]

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Flutterwave named among 2025 TIME100 Most Influential Companies

Flutterwave named among 2025 TIME100 Most Influential Companies

By Ifunanya / June 26, 2025

Flutterwave, Africa’s leading payment technology company, has been named among the TIME100 Most Influential Companies List of 2025. This marks […]

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What tax bills assent will do for Nigerians —Tinubu

By Ifunanya / June 26, 2025

President Bola Ahmed Tinubu has explained that signing of the four tax bills would usher in a bold new era […]

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Northern elders warn against escalating political tensions in Kano, demand reversal of Fubara’s suspension

Tinubu signs Tax Reform Bills into law

By Ifunanya / June 26, 2025

President Bola Tinubu has signed four tax reform bills into law, signalling what he described as a bold new era […]

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Transparency in PIA can unlock investment in oil sector - Stakeholders assess NUPRC

CSOs task Nigerian govt to empower NUPRC, urge oil firms to respect regulatory oversight

By Ifunanya / June 26, 2025

Civil society groups, traditional leaders, and community stakeholders have called on the Federal Government to provide the Nigerian Upstream Petroleum […]

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Four Nigerian companies push NGX to N486bn single-day gain

Dangote Sugar, Oando, other stocks push NGX to N1.185tn gains

By Ifunanya / June 26, 2025

Oando, Dangote Sugar and other stocks have propelled Nigerian Exchange Limited, known as the Nigerian Stock Market, to a significant […]

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Transparency in PIA can unlock investment in oil sector - Stakeholders assess NUPRC

NUPRC demands $5,000 application fee payment, other conditions for oil licence extension

By Ifunanya / June 26, 2025

The Nigerian Upstream Petroleum Regulatory Commission officially wrote to holders of around 40 Petroleum Prospecting Licences in Nigeria, informing them […]

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Naira records highest depreciation against dollar in weeks

Naira continues depreciation against dollar at official forex market

By Ifunanya / June 26, 2025

The naira continued depreciation against the dollar at the official foreign exchange market on Wednesday. The Central Bank of Nigeria […]

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Tinubu, Cardoso rally stakeholders as Afreximbank meeting begins in Abuja

Tinubu, Cardoso rally stakeholders as Afreximbank meeting begins in Abuja

By Ifunanya / June 25, 2025

President Bola Tinubu and the Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, have rallied stakeholders as the […]

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Nigerian Senate passes N1.485 trillion 2025 budget for Rivers State

Nigerian Senate passes N1.485 trillion 2025 budget for Rivers State

By Ifunanya / June 25, 2025

The Nigerian senate on Wednesday, passed the 2025 budget of Rivers State, to the tune of N1.485 trillion. The passage […]

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MultiChoice Nigeria reduces DStv, GOtv subscription price after FCCPC pressure

MultiChoice Nigeria Slashes DStv and GOtv Subscription Fees by 50 Percent Amid Regulatory Pressure

By Ifunanya / June 25, 2025

Breaking: MultiChoice Nigeria Slashes Subscription Fees by 50% Amid Regulatory Pressure In a shocking move, MultiChoice Nigeria, the parent company […]

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FGN Green Bond records N91.42bn subscription - DMO

DMO finalises settlement for N100bn oversubscribed FGN bond

By Ifunanya / June 25, 2025

Nigeria’s Debt Management Office has said settlement for N100 billion bonds is scheduled for Wednesday, June 25, 2025. This marks […]

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Fuel price may drop to N800 per litre - Marketers

Israel-Iran war: Nigerian fuel prices to drop on easing global crude cost – Marketers

By Ifunanya / June 25, 2025

The escalated prices of premium motor spirit in the Nigerian retail market are expected to cool off following the easing […]

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Putin orders government to prepare for return of foreign companies — RT Business News

Putin Orders Government to Prepare for Return of Foreign Companies that Left Russia Due to Ukraine Conflict

By Ifunanya / June 25, 2025

In a significant move, Russian President Vladimir Putin has given the green light for the government to prepare for the […]

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Naira continues depreciation against dollar

Naira records second depreciation against dollar on official FX market

By Ifunanya / June 25, 2025

The naira recorded second consecutive depreciation against the dollar at the official foreign exchange market on Tuesday. Data from the […]

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US, Nigeria launch commercial, investment partnership to boost bilateral trade

US, Nigeria launch commercial, investment partnership to boost bilateral trade

By Ifunanya / June 24, 2025

The United States and the Nigerian government have officially launched the Working Group Meeting of the US-Nigeria Commercial and Investment […]

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Property dispute: Developer admits failing to deliver apartments at agreed date

Property dispute: Developer admits failing to deliver apartments at agreed date

By Ifunanya / June 24, 2025

Chief Executive Officer of Oak Homes Limited and a property developer, Mr. Olukayode Olusanya, has admitted before the Lagos State […]

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