African Business News

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

Tinubu's ban on foreign goods major boost for Nigerian economy — Stakeholders

Second Anniversary: Economists rate Nigerian economy under Tinubu

By Ifunanya / May 27, 2025

Ahead of the President Bola Ahmed Tinubu administration’s second anniversary on May 29th, 2025, economists and financial analysts have rated […]

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Putin hails Russia’s economic growth — RT Business News

Russia Becomes World’s Fourth Largest Economy by Purchasing Power Parity

By Ifunanya / May 27, 2025

Russian President Vladimir Putin has praised the country’s economic performance, citing its rise to the fourth-largest economy in the world […]

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Euro could dethrone US dollar – ECB — RT Business News

Euro Could Rival US Dollar as Global Reserve Currency with Reforms

By Ifunanya / May 26, 2025

Global investors are growing increasingly concerned about the recent trade policy moves made by Washington, according to European Central Bank […]

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Nigerian economy worse off under Tinubu than Buhari — Economist, Erumebor

By Ifunanya / May 26, 2025

A senior economist at the Nigerian Economic Summit Group, Wilson Erumebor, has said that Nigeria’s economy is worse under President […]

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Polish farmers call for Russian cucumber ban — RT Business News

Poland Seeks Ban on Russian Cucumber Imports Amid Surge in Cheap Exports

By Ifunanya / May 26, 2025

Poland has become the European Union’s top buyer of cucumbers, with imports soaring in 2025. This surge has led Polish […]

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Trump agrees to delay EU tariffs — RT Business News

US Delays 50% Tariff on EU Goods Until July 9 After Trump and EU Leader Agree on Extension

By Ifunanya / May 26, 2025

In a significant development, the United States has announced a delay in introducing a 50% tariff on goods from the […]

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2025 budget: N393bn worth of streetlights should make Nigeria 'light of the world' - Kalu Aja

2025 budget: N393bn worth of streetlights should make Nigeria ‘light of the world’ – Kalu Aja

By Ifunanya / May 26, 2025

A financial analyst, Kalu Aja, has said that with Nigeria’s 2025 budget for streetlights amounting to N393.29 billion, the country […]

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Port Harcourt Refinery shutdown: PETROAN makes fresh demands on NNPCL

Port Harcourt Refinery shutdown: PETROAN makes fresh demands on NNPCL

By Ifunanya / May 26, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has asked Nigerian National Petroleum Company Limited (NNPCL) to adhere […]

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2,000MW electricity generation capacity stranded due to N600bn debt - NDPHC

2,000MW electricity generation capacity stranded due to N600bn debt – NDPHC

By Ifunanya / May 26, 2025

The management of Niger Delta Power Holding Company has lamented that its 2,000-megawatt electricity generation capacity is stranded due to […]

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Musk ‘back to 24/7’ work on his business projects — RT Business News

Elon Musk to Reduce Role in Trump Administration and Focus on Business Ventures

By Ifunanya / May 25, 2025

Elon Musk, the CEO of Tesla and SpaceX, has announced plans to reduce his role in President Donald Trump’s administration. […]

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Bandit kingpin, Kachalla Halilu acquired gun truck for N28.5m - Witness

Contributory Pension Scheme: Judge warns Nigerian employers against non-remittance

By Ifunanya / May 25, 2025

Justice Olufunke Anuwe of the National Industrial Court has warned Nigerian employers over non-remittance or under-remittance of contributory pensions of […]

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Naira appreciates against dollar across official, black markets

Naira appreciates massively against dollar on week-on-week basis

By Ifunanya / May 25, 2025

The Nigeria’s currency, the naira appreciated massively against the dollar at both official and parallel foreign exchange markets on a […]

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PETROAN seeks IGP’s intervention as oil mogul Obasi Lawson goes missing after deadly attack

Incompetence — PETROAN reveals reason NNPCL shut down Port Harcourt Refinery

By Ifunanya / May 24, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the real reason the Nigerian National Petroleum Company […]

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Barriers to EU will reduce Kiev to begging – Ukrainian MP — RT Business News

EU Revokes Ukraine Trade Privileges Sparks Economic Concerns

By Ifunanya / May 24, 2025

The European Union’s decision to revoke trade privileges with Ukraine is set to have a devastating impact on the country’s […]

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Fuel price drop: Marketers sell PMS at Dangote Refinery new rate

Fuel price drop: Marketers sell PMS at Dangote Refinery new rate

By Ifunanya / May 23, 2025

Nigerian petroleum marketers have implemented a fresh premium motor spirit (PMS) price reduction following Dangote Refinery’s announcement of a downward […]

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Naira appreciates massively against dollar in black market

Naira records significant appreciation against dollar across official, black markets

By Ifunanya / May 23, 2025

The naira appreciated significantly against the dollar at both the official and parallel foreign exchange markets to end the week […]

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TCN snubs local manufacturers, awards Chinese firms over N160bn contracts

TCN announces power outage in Nasarawa, gives reason

By Ifunanya / May 23, 2025

The Transmission Company of Nigeria has announced that parts of Nasarawa State would experience a power outage on Saturday. TCN […]

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Price of Nigerian petrol makes smuggling into neigboring countries attractive - NMDPRA

Price of Nigerian petrol makes smuggling into neigboring countries attractive – NMDPRA

By Ifunanya / May 23, 2025

The relative cheapness of petrol in Nigeria makes it attractive for smugglers to divert the product from Nigerian destinations to […]

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EU to roll back Ukraine trade perks — RT Business News

EU to Reimpose Tariffs on Ukrainian Agricultural Imports Amid Mounting Pressure from Eastern European Members

By Ifunanya / May 23, 2025

The European Union has decided to reinstate tariffs on agricultural imports from Ukraine, following intense pressure from Eastern European member […]

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Contributory Pension Scheme: PenCom orders Nigerian employers on compliance

Contributory Pension Scheme: PenCom orders Nigerian employers on compliance

By Ifunanya / May 23, 2025

The National Pension Commission has issued a fresh order to all Licenced Pension Fund Operators (LPFOs) on compliance with the […]

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