Davos summit: UN chief cancels due to illness
United Nations Secretary-General Antonio Guterres has cancelled his participation in the World Economic Forum’s annual meeting in Davos, Switzerland, due […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Gold prices surge to historic high amid global tensions
Gold prices have reached a historic high, fueled by investors seeking safe-haven assets amid global uncertainty and expectations of future
Nigeria LPG supply hits record high in December 2025
Nigeria’s Liquefied Petroleum Gas supply reached a record high in December 2025, with an average of 5.2 thousand metric tonnes
Trump trade war fears hit markets
Asian Markets Extend Losses Amid Fears of US-EU Trade War Asian markets continued to decline on Tuesday, while precious metals
Nigeria Sugar Production Gets 1 Billion Dollar Boost
Nigeria is poised to become self-sufficient in sugar production, thanks to a $1 billion deal with China and the implementation
Oil prices rise amid weaker dollar and trade tensions
Oil prices have risen, buoyed by a weaker US dollar, as markets monitor President Donald Trump’s threats to impose higher
Nigeria Bonds Auction Targets ₦900 Billion
The Federal Government of Nigeria plans to raise 900 billion through the reopening of three federal bonds in its January
Nigeria expands mobile coverage with satellite technology
The Nigerian Communications Commission (NCC) is set to utilize satellite technology to extend mobile coverage to approximately 23.3 million Nigerians
African Business News
Naira Depreciates Against US Dollar at Official Market
The Nigerian naira has experienced a decline in value against the United States dollar at the official foreign exchange market.
Trump threatens 200 percent tariff on French wine
US President Donald Trump has threatened to impose a 200 percent tariff on French wine and Champagne in response to
Cement Price Hike Hits Nigeria Hard
Nigerians are facing a significant increase in cement prices, with the cost of a 50-kilogram bag rising to N10,500, up
Pharmaceutical giants resist US drug price cuts
The US pharmaceutical industry is reportedly seeking ways to maintain profits amid an initiative to reduce drug prices for Americans,