African Business News

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

Naira continues depreciation against dollar

Naira Gains on Dollar as External Reserves Swell in Official FX Market

By Ifunanya / August 5, 2025

The Nigerian naira opened the week with a modest gain against the U.S. dollar in official trading, buoyed by a […]

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Fuel price may drop to N800 per litre - Marketers

Nigeria Fuel Nears ₦1,000/Litre as Marketers, Retailers Trade Blame

By Ifunanya / August 5, 2025

Nigerian consumers are grappling with a sharp rise in fuel costs as pump prices for petrol, locally called Premium Motor […]

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Shettima

SAPZ Programme Fuels Nigeria’s Agro-Industrial Revolution, Economic Growth

By Ifunanya / August 5, 2025

Nigeria’s federal government has launched a major agricultural transformation program aimed at boosting industrial growth, creating jobs, and strengthening its […]

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Trump To Name New Labor Statistics Chief This Week • Channels Television

Trump Fires Labor Chief in Jobs Data Row, Draws Criticism

By Ifunanya / August 5, 2025

US President Donald Trump announced plans to appoint an “exceptional replacement” for the ousted head of the Bureau of Labor […]

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Flutterwave powers business growth in Cameroon with fully licensed payment services

Flutterwave CEO Calls for Unified Payment Systems to Unlock Africa’s Economic Growth

By Ifunanya / August 4, 2025

At a time when Africa’s economic potential is drawing global attention, seamless cross-border transactions are emerging as a cornerstone for […]

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Global trade hub seeking Russia partnership – media — RT Business News

Suez Canal Authority Eyes Closer Russia Ties Through Industrial Zone Partnership

By Ifunanya / August 4, 2025

Egypt’s Suez Canal Authority is exploring a potential direct partnership with Russia, building on existing bilateral projects, as reported by […]

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Customs Intercept 1,620 Birds Bound For Kuwait • Channels Television

Nigeria Customs Intercepts 1,620 Parrots, Canaries Smuggled to Kuwait

By Ifunanya / August 4, 2025

Nigerian authorities have thwarted an attempt to illegally export over 1,620 live birds from Lagos to Kuwait, marking the latest […]

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Nigeria's crude oil production hits 1.8 mbpd, surpasses OPEC quota

Nigeria’s 2025 Oil Output Hits 1.8M BPD, Beats OPEC Quota

By Ifunanya / August 4, 2025

Nigeria’s crude oil production reached 1.8 million barrels per day (mbpd) in July 2025, surpassing its pledged quota to the […]

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Ghana Raises Cocoa Prices Paid To Farmers By 63% • Channels Television

Ghana Hikes Cocoa Prices 60%, Squeezing Global Supply and Rival Producers

By Ifunanya / August 4, 2025

Ghana has announced a substantial increase in cocoa producer prices, raising payments to farmers by over 60% in a bid […]

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Fuel price may drop to N800 per litre - Marketers

NNPCL Raises Petrol Price to ₦955 in Abuja, Kogi, Nasarawa

By Ifunanya / August 4, 2025

Nigeria’s state-owned oil company has announced a significant increase in petrol prices, sparking concerns over rising living costs in Africa’s […]

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