African Business News

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

Mixed reactions as Enugu Govt announces electricity tariff reduction

Mixed reactions as Enugu Govt announces electricity tariff reduction

By Ifunanya / July 21, 2025

Mixed reactions have trailed the recent order by the Enugu Electricity Regulatory Commission for Main Power to reduce its electricity […]

Continue Reading
Cooking gas price increases in Nigeria 

NOGASA battles Dangote Refinery over planned direct supply of cooking gas, others

By Ifunanya / July 21, 2025

The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has kicked against the recent plan by Dangote Refinery to […]

Continue Reading
Court slams N5m damages on MTN for exploiting user through unsolicited tunes

Court slams N5m damages on MTN for exploiting user through unsolicited tunes

By Ifunanya / July 21, 2025

The Court of Appeal has slammed a ₦5 million damages award against telecommunication giant, MTN Nigeria for exploiting a subscriber, […]

Continue Reading
Beijing slams EU for including Chinese firms in Russia sanctions — RT Business News

China Condemns EU Sanctions on Banks, Firms Over Russia Ties, Vows Defense

By Ifunanya / July 21, 2025

The European Union’s decision to sanction two Chinese banks and multiple companies for allegedly aiding Russia in evading Ukraine-related sanctions […]

Continue Reading

Enugu reduces Band A electricity tariff

By Ifunanya / July 21, 2025

The Enugu Electricity Regulatory Commission, EERC, has given a new tariff order to MainPower Electricity Distribution Ltd, to review electricity […]

Continue Reading
Nigerian farmers say rise in fertiliser price threatens lower food cost

Nigerian farmers say rise in fertiliser price threatens lower food cost

By Ifunanya / July 21, 2025

Nigeria’s food price crisis is far from being over, as farmers have continued to lament the rise in fertiliser prices […]

Continue Reading
FAAC shares N1.578trn March revenue to Federal, states, local councils

Nigeria’s three tiers of government share highest N1.818tn revenue

By Ifunanya / July 20, 2025

The three tiers of the Nigerian government shared the highest revenue in 2025 from the Federation Account and Allocation Committee. […]

Continue Reading
Naira harmonisation achieved - Presidency

Nigeria Achieves Naira Harmonisation Under Tinubu’s Renewed Hope Agenda

By Ifunanya / July 19, 2025

Nigeria’s presidency has announced the successful harmonization of the naira’s exchange rates across official and parallel foreign exchange markets, marking […]

Continue Reading
Naira records highest depreciation against dollar in weeks

Naira records appreciation across official black markets, presidency reacts

By Ifunanya / July 19, 2025

The naira bounced back to appreciate against the dollar across official and parallel foreign exchange markets to end the week […]

Continue Reading
Russian inflation cooling down – Bloomberg  — RT Business News

Russia Inflation Slows Sharply, Central Bank Rate Cuts in Focus

By Ifunanya / July 18, 2025

Russia’s central bank is seeing early signs of success in its prolonged battle against inflation, with monthly price growth slowing […]

Continue Reading
FCMB backs TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd flagship project (Louisville Phase 1) with $40m loan facility in Eko Atlantic

FCMB backs TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd flagship project (Louisville Phase 1) with $40m loan facility in Eko Atlantic

By Ifunanya / July 18, 2025

First City Monument Bank (FCMB) and TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) have partnered to finance and deliver […]

Continue Reading
Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Fuel price cut: Dangote refinery dumps petrol marketers

By Ifunanya / July 18, 2025

Dangote Refinery has dumped petroleum products marketers as its direct fuel and diesel distribution nationwide scheme draws closer. This comes […]

Continue Reading
Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues depreciation against dollar at official foreign exchange market

By Ifunanya / July 18, 2025

The naira continued to depreciate against the dollar at the official foreign exchange market on Thursday. This is the case […]

Continue Reading
Two Nigerian companies push NGX to N405bn gain

BUA, Dangote Cement, others push NGX to N833 billion gain

By Ifunanya / July 18, 2025

BUA, Dangote Cement, First Bank Holding, and other firms’ stock pushed the Nigerian stock market to continue its upward trend, with […]

Continue Reading
CBN spent $8bn on Naira defence against dollar at FX market - Rewane

‘Naira has strengthened, Nigeria’s economy leaping out of crisis’ — Rewane

By Ifunanya / July 17, 2025

Bismark Rewane, an economist and Chief Executive Officer of Financial Derivatives, says Nigeria’s currency has stabilized. Rewane spoke during an […]

Continue Reading
CBN issues traditional guidance to Nigerian banks as recapitalization deadline nears

CBN to cut interest by 25 basis points – Economists Rewane

By Ifunanya / July 17, 2025

Popular economist and chief executive of Financial Derivatives Company, Bismark Rewane, has said that the Central Bank of Nigeria Monetary […]

Continue Reading
Jigawa announces date for school resumption

Jigawa revenue generation hits N23.8b in six months

By Ifunanya / July 17, 2025

The Jigawa State Government said its revenue generation has increased by more than 100% in the last six months with […]

Continue Reading
CBN should reduce interest rates to further drive inflation down in Nigeria - Idakolo 

Why CBN is afraid of Cryptocurrency in Nigeria – Don

By Ifunanya / July 17, 2025

The Federal government has been advised to adopt the use of Cryptocurrency in official transactions and to encourage its use […]

Continue Reading
CPPE raises concerns over CBN interest rate pause

CPPE pushes for activation of trade policy to reduce import costs, inflation

By Ifunanya / July 17, 2025

The Centre for the Promotion of Private Enterprise has pushed for efficient activation of Nigeria’s trade policy instruments to bring […]

Continue Reading
NIPOST gets new spokesperson as Franklin Alao retires

NIPOST gets new spokesperson as Franklin Alao retires

By Ifunanya / July 17, 2025

The Director of Corporate Communications at Nigeria Postal Service, Franklin Alao, has retired after 35 years of public service to […]

Continue Reading
Scroll to Top