African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Trump Media & Technology Group, the company behind former U.S. President Donald Trump’s Truth Social platform, has acquired approximately $2 […]
Continue Reading
The Senate has approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle. Media […]
Continue Reading
Nigerian businessman, Aliko Dangote has said Africa may never see the construction of any new large-scale refineries again, except the rent-seeking […]
Continue Reading
The Central Bank of Nigeria Governor, Olayemi Cardoso, has revealed that eight Nigerian banks have met its recapitalization requirement ahead […]
Continue Reading
The Central Bank of Nigeria Governor, Olayemi Cardoso, has said for the first time in a long while, Nigerians are […]
Continue Reading
The Central Bank of Nigeria’s Monetary Policy Committee meeting has retained the country’s interest rate at 27.50 percent.The Governor of […]
Continue Reading
The Nigerian National Petroleum Company Limited has announced that it raked in a total revenue of N4.571 trillion in June […]
Continue Reading
The service, industry, and agriculture subsectors propelled Nigeria’s economy’s expansion to N372.8 trillion in 2024 ($145.3 billion) at the present […]
Continue Reading
The Nigerian naira resumed its downward trajectory against the U.S. dollar this week, weakening in both official and unofficial foreign […]
Continue Reading
U.S. Treasury Secretary Scott Bessent has amplified calls for a sweeping review of the Federal Reserve, arguing the central bank’s […]
Continue Reading
The National Bureau of Statistics, NBS, has announced that Nigeria’s Gross Domestic Product, GDP, stood at N372.8 trillion in 2024. […]
Continue Reading\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has reaffirmed Nigeria’s commitment to strengthening diplomatic and economic relations with […]
Continue Reading
Nigeria has announced a significant recalibration of its economic size, with the national statistics office revising the country’s Gross Domestic […]
Continue Reading
China’s economy expanded by 5.3% year-on-year in the first half of 2024, according to official data released by the National […]
Continue Reading
Mixed reactions have trailed the recent order by the Enugu Electricity Regulatory Commission for Main Power to reduce its electricity […]
Continue Reading
The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has kicked against the recent plan by Dangote Refinery to […]
Continue Reading
The Court of Appeal has slammed a ₦5 million damages award against telecommunication giant, MTN Nigeria for exploiting a subscriber, […]
Continue Reading
The European Union’s decision to sanction two Chinese banks and multiple companies for allegedly aiding Russia in evading Ukraine-related sanctions […]
Continue ReadingThe Enugu Electricity Regulatory Commission, EERC, has given a new tariff order to MainPower Electricity Distribution Ltd, to review electricity […]
Continue Reading
Nigeria’s food price crisis is far from being over, as farmers have continued to lament the rise in fertiliser prices […]
Continue Reading