African Business News

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

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Trump Delays China Tariffs with 90-Day Extension Amid Trade Talks

By Ifunanya / August 12, 2025

U.S. President Donald Trump has signed an executive order extending a suspension of higher tariffs on Chinese imports for 90 […]

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World Bank Approves $300M for IDPs & Host Communities in Northern Nigeria

By Ifunanya / August 12, 2025

The World Bank has approved $300 million in funding to address the pressing needs of Internally Displaced Persons (IDPs) and […]

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Nigerian govt forfeits $4m from World Bank loan

World Bank Approves $300m Aid for Nigeria’s IDPs, Northern Host Communities

By Ifunanya / August 12, 2025

The World Bank has greenlit $300 million in financial support to aid approximately 7.4 million Nigerians residing in internally displaced […]

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US chipmakers to pay Washington for trade with China – media — RT Business News

Nvidia, AMD Forfeit 15% China Revenue for US Export Licenses

By Ifunanya / August 11, 2025

US semiconductor leaders Nvidia and AMD have reportedly agreed to surrender 15% of their revenue from China in exchange for […]

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Dangote Refinery 60 CNG Trucks to Slash Fuel Costs in Six Weeks

By Ifunanya / August 11, 2025

The Dangote Petroleum Refinery and Petrochemicals is set to receive 60 shiploads of Compressed Natural Gas (CNG)-powered trucks in the […]

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China Hopes US Will Strive For 'Positive' Trade Outcomes • Channels Television

China Urges US to Push for Trade Deal Before Truce Deadline

By Ifunanya / August 11, 2025

As a critical deadline in U.S.-China trade negotiations approaches, Beijing has called for constructive dialogue to ease ongoing tensions. On […]

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Sahara Group: Powering Africa’s Sustainable Energy Future Through Innovation & Equity

By Ifunanya / August 11, 2025

Sahara Group, a prominent energy and infrastructure conglomerate, has outlined a roadmap for Africa’s sustainable development in its 2024 Sustainability […]

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Iran Seizes Foreign Tanker Over Alleged Fuel Smuggling • Channels Television

Iran Seizes Fuel-Smuggling Tanker in Gulf, Arrests 17 Crew

By Ifunanya / August 11, 2025

Iranian authorities seized a foreign-flagged tanker and detained its 17-member crew this week over allegations of fuel smuggling in the […]

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Oil Marketers Lament 'Slow-Paced' Repair Of Old P'Harcourt Refinery • Channels Television

Port Harcourt Refinery Repairs: Oil Marketers Warn of Economic Fallout

By Ifunanya / August 11, 2025

Repairs at Nigeria’s Port Harcourt Refinery Stall Amid Funding Delays and Leadership Concerns Renewed frustrations have emerged over stalled repair […]

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Shell Hosts Young African Professionals In Support Of Future Energy Leaders • Channels Television

SNEPCo Empowers Africa’s Young Professionals in Energy Leadership Journey

By Ifunanya / August 11, 2025

Shell Nigeria Exploration and Production Company (SNEPCo) recently welcomed engineers and geologists from eight African nations to its Lagos offices, […]

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