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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9mobile Rebrands as T2, Targets Digital-First Future

By Chinonso / August 8, 2025

On August 8, 2025, Nigeria’s fourth-largest telecom operator, 9mobile, officially rebranded as T2 at an unveiling held in Lagos. The […]

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Fuel price may drop to N800 per litre - Marketers

NNPCL Increases Fuel Price to N945/Litre Again in 4 Days

By Ifunanya / August 8, 2025

Nigeria’s state-owned oil firm, the Nigerian National Petroleum Company Limited (NNPCL), has adjusted petrol pump prices for the second time […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Dangote Refinery Hikes PMS Price to N850 per Litre Amid Market Adjustments

By Ifunanya / August 8, 2025

Nigeria’s Dangote Refinery has raised the ex-depot price of Premium Motor Spirit, commonly known as petrol, to ₦850 per litre, […]

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US slaps tariffs on gold bars – media — RT World News

US Tariffs on Gold Bars Hit Swiss Refiners, Roil Bullion Market

By Ifunanya / August 8, 2025

The United States has introduced tariffs on imports of gold bars, a move analysts warn could destabilize Switzerland’s refining industry […]

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FG announces payment of another wage award arrears to Nigerian workers

Federal Government Pays Second Tranche of N35,000 Wage Award Arrears

By Ifunanya / August 8, 2025

The Nigerian Federal Government has disbursed the second installment of delayed wage award payments to its employees, addressing part of […]

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Bago Unveils Plan To Plant 10m Shea Trees In Niger • Channels Television

Niger’s 10M Shea Tree Plan to Boost Production, Jobs

By Ifunanya / August 8, 2025

Niger State in northern Nigeria has unveiled a sweeping initiative to plant 10 million shea trees across 10,000 hectares of […]

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Naira records first depreciation against dollar at official foreign exchange

Naira Gains Against Dollar as Nigeria’s Reserves Near $40B

By Ifunanya / August 8, 2025

Nigeria’s currency, the naira, showed tentative signs of stabilization this week, recording a modest gain against the U.S. dollar in […]

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Trump tariffs wipe out $12 billion from global carmakers – WSJ — RT Business News

Trump Tariffs Cost Global Automakers $12B, Losses Mount

By Ifunanya / August 7, 2025

Fourteen major automakers worldwide have collectively lost nearly $12 billion since the implementation of U.S. President Donald Trump’s expanded trade […]

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Standard Chartered Leads Dialogue With Continental Experts At Africa Summit • Channels Television

Standard Chartered Boosts Africa’s Trade and Infrastructure for Resilience

By Ifunanya / August 7, 2025

Standard Chartered has pledged to deepen its role in advancing Africa’s economic resilience and development through targeted investments in trade, […]

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Nigeria Spent Decades Pursuing Policies Destined To Bankrupt Its Economy — Emir Sanusi • Channels Television

Sanusi Warns Nigeria’s Bankruptcy Result of Decades-Long Policy Failures

By Ifunanya / August 7, 2025

Muhammadu Sanusi II, the Emir of Kano and former Central Bank of Nigeria (CBN) governor, has sharply criticized Nigeria’s economic […]

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