African Business News

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

Abuja floors Lagos as Nigeria's top foreign investment destination in Q1 2025

Abuja Tops Lagos in Nigeria Foreign Investment Surge Q1 2025

By Ifunanya / August 5, 2025

Abuja has dethroned Lagos as Nigeria’s leading hub for foreign investment during the first quarter of 2025, according to new […]

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Renaissance CEO Calls For Collaboration To Grow Nigeria's Oil, Gas Industry • Channels Television

Nigeria Oil & Gas Collaboration Spurs Investment, Energy Security

By Ifunanya / August 5, 2025

Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company Limited, has called for strengthened collaboration between government bodies […]

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Eight New Permanent Secretaries

Tinubu Signs 2025 Insurance Act to Boost Nigeria’s $1T Economy

By Ifunanya / August 5, 2025

Nigeria’s President Bola Tinubu has signed into law a sweeping overhaul of the country’s insurance sector, a move officials say […]

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NEPL/Seplat JV Onboards 650 Teachers Across Edo, Delta • Channels Television

Seplat JV’s STEP Program Empowers 650 Teachers in Edo & Delta States

By Ifunanya / August 5, 2025

A joint venture between Nigeria’s Niger Delta Petroleum Resources (NEPL) and Seplat Energy has launched a major teacher-training initiative, selecting […]

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How I lost $898m to Naira devaluation, oil, stock market dips — Femi Otedola

Femi Otedola’s $898M Loss: 2009 Oil Crash & Naira Devaluation

By Ifunanya / August 5, 2025

Nigerian billionaire Femi Otedola has revealed staggering financial losses totaling nearly $900 million during the 2008–2009 global economic crisis, attributing […]

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HEIRS Energies CEO To Advocate For Africa’s Energy Sufficiency At US-Africa Forum • Channels Television

Heirs Energies CEO at USAEF 2025: Africa’s Energy Transition

By Ifunanya / August 5, 2025

Nigeria-based energy firm Heirs Energies will join global policymakers and industry leaders at the 2025 U.S.-Africa Energy Forum (USAEF) in […]

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US ‘on precipice’ of recession – Moody’s — RT Business News

Trump’s Tariffs and Immigration Curbs Edge US Economy Toward Recession: Experts

By Ifunanya / August 5, 2025

Moody’s chief economist Mark Zandi has issued a stark warning that recent U.S. economic policies under President Donald Trump risk […]

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US: Trump's govt to impose $15,000 bond on Nigerians, other tourist visa applicants

US to Require $15K Visa Bonds from Nigerians to Curb Overstays

By Ifunanya / August 5, 2025

The United States is set to introduce a new visa bond requirement targeting travelers from countries with high rates of […]

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Eterna Plc Reports ₦1.6b H1 2025 Profit Amid 7% Revenue Growth

By Ifunanya / August 5, 2025

Nigerian energy company Eterna Plc has announced a significant financial turnaround, reporting a pre-tax profit of ₦1.57 billion (approximately $1.1 […]

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Nigerian marketer MRS yet to reduce fuel price, gives reason

MRS Keeps Petrol Price at N885/Litre Despite Nigeria-Wide Fuel Hike

By Ifunanya / August 5, 2025

The price of petrol in Nigeria remains a focal point of market fluctuations as major retailers adjust rates amid shifting […]

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