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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Iran Gold Demand Surges Amid Israel Conflict

By Ifunanya / July 31, 2025

Soaring gold purchases in Iran during heightened regional tensions have defied global trends, according to a Thursday report from the […]

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Naira records first depreciation against dollar at official foreign exchange

Naira Drops Against Dollar in Forex, First Dip Since July 28

By Ifunanya / July 31, 2025

The Nigerian naira weakened against the US dollar in the official foreign exchange market on Wednesday, marking its first depreciation […]

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African Central Banks’ Gold Rush Risks Liquidity, Price Crisis: Fitch

By Ifunanya / July 31, 2025

A growing trend of central banks in sub-Saharan Africa bolstering gold reserves could backfire if the precious metal’s value declines, […]

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39 Nigerian firms push NGX to N863bn gains

39 firms push NGX market cap up N863bn

By Ifunanya / July 31, 2025

Nigeria’s stock market extended its recent surge on Wednesday, fueled by gains across 39 listed companies that propelled the exchange […]

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World Bank appoints Dangote to elite group

Nigerians to Own Shares in Dangote Refinery

By Ifunanya / July 31, 2025

Dangote Announces Share Offering for Nigerians in $20B Refinery Launch Aliko Dangote, President of the Dangote Group, has revealed plans […]

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Lagos Enforces E-Call Up on Lekki-Epe, 10k+ Trucks Registered

By Ifunanya / July 30, 2025

The Lagos State Government is set to enforce a new digital truck management system along the busy Lekki-Epe Corridor starting […]

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FG Commends Dangote Refinery’s Engineering Excellence, Talent Investment

By Ifunanya / July 30, 2025

Nigeria’s Federal Government has recognized the Dangote Petroleum Refinery for its groundbreaking engineering feats and transformative investments in nurturing local […]

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IMF Boosts Nigeria’s 2025-2026 Economic Growth Forecasts

By Ifunanya / July 30, 2025

The International Monetary Fund (IMF) has raised its economic growth projections for Nigeria, signaling cautious optimism for the West African […]

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Adidas Q2 Profits Soar 90% Despite US Tariff Strain

By Ifunanya / July 30, 2025

Adidas has revealed significant financial pressures stemming from U.S. tariffs, though the company stopped short of confirming whether consumers will […]

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Italy Probes Meta’s WhatsApp AI for EU Antitrust Breach

By Ifunanya / July 30, 2025

Italy has launched an antitrust investigation into Meta, alleging the tech giant may have violated European Union competition rules by […]

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