African Business News

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US Fed poised for interest rate cut amid political pressure

By Ifunanya / September 17, 2025

The US Federal Reserve is expected to announce its first interest rate cut of 2025 on Wednesday. This decision comes […]

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Fire hits UBA branch building in Lagos Island

By Ifunanya / September 17, 2025

A fire broke out in a building on Broad Street, Lagos Island, on Tuesday, prompting the evacuation of occupants and […]

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World Bank appoints Dangote to elite group

Dangote Nigerian Investment Challenges Persist

By Ifunanya / September 17, 2025

Aliko Dangote, the President and Chief Executive Officer of Dangote Refinery, has stated that some individuals with more liquid assets […]

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UN budget cut proposed by Secretary General

By Ifunanya / September 17, 2025

The United Nations is facing significant financial challenges, prompting Secretary-General Antonio Guterres to propose a 15% cut to the organization’s […]

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Microsoft Phishing Websites Seized in Nigerian Operation

By Ifunanya / September 17, 2025

Microsoft has seized approximately 340 websites linked to a Nigerian-based phishing operation, which has resulted in the theft of at […]

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Ajaokuta Steel Company cannot work – Dangote

Dangote Refinery Nigerian engineers outperform Indians

By Ifunanya / September 17, 2025

Aliko Dangote, President of Dangote Refinery, has praised the performance of Nigerian engineers involved in the construction of the company’s […]

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US UK sign 42bn tech deal to boost AI and energy ties

By Ifunanya / September 17, 2025

The United Kingdom and the United States have signed a landmark technology pact, valued at $42 billion, to strengthen ties […]

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Oil prices drop slightly after rising over 1 percent

By Ifunanya / September 17, 2025

Oil prices experienced a slight decline on Wednesday, following a 1% increase in the previous session. As of 7:30 AM […]

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NAMA explains why tariffs to Nigerian airlines should increase

NAMA tariff hike proposed due to economic realities

By Ifunanya / September 17, 2025

The Nigerian Airspace Management Agency (NAMA) has clarified that its tariff for airlines has remained unchanged at N11,000 per flight […]

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Naira continues depreciation against dollar

Naira appreciates against dollar to 1484

By Ifunanya / September 17, 2025

The Nigerian naira has recorded its highest appreciation against the US dollar at the official foreign exchange market, with the […]

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