African Business News

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

Food Price Cut: Why Nigerian farmers should not cultivate maize, rice - Tedheke

Food Price Cut: Why Nigerian farmers should not cultivate maize, rice – Tedheke

By Ifunanya / July 27, 2025

Nigerian agribusiness expert and managing director of the Nigeria Farmers Group, Retson Tedheke, has warned farmers in the country not […]

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AEDC workers issue notice to shutdown electricity supply in Abuja, three other Nigerian states

AEDC gives reason for blackout in parts of Abuja

By Ifunanya / July 26, 2025

The Abuja Electricity Distribution Company, AEDC, has explained that the blackout being experienced in parts of the nation’s capital is […]

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Fidelity Bank empowers SMEs with Business Management Systems

Fidelity Bank empowers SMEs with Business Management Systems

By Ifunanya / July 26, 2025

Small and Medium Enterprises (SMEs) have been encouraged to adopt digital tools to enhance their operations and drive sustainable growth. […]

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Abia government disowns international lands, property summit 

Abia government disowns international lands, property summit 

By Ifunanya / July 26, 2025

Abia State government has officially distanced itself from the “International Summit on Lands, Estates and Properties” slated to take place […]

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Fidelity Bank launches solar-powered bags for school children, donates 1,000 to Ogun pupils

Fidelity Bank launches solar-powered bags for school children, donates 1,000 to Ogun pupils

By Ifunanya / July 26, 2025

In a bold step toward improving access to quality education across Nigeria, Fidelity Bank Plc has launched the “Lighting Young […]

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Tinubu seeks more time on payment, verification of N4trn debt owed GenCos

Tinubu seeks more time on payment, verification of N4trn debt owed GenCos

By Ifunanya / July 26, 2025

President Bola Tinubu has appealed to power generation companies (GenCos) to give the federal government more time to complete the […]

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Ikazoboh replaces Dangote as Chairman of Cement Company

Ikazoboh replaces Dangote as Chairman of Cement Company

By Ifunanya / July 26, 2025

Emmanuel Ikazoboh has been announced as the replacement for Aliko Dangote as Chairman of the Board of Directors at Dangote […]

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GenCos debt: N4tn bond programme receives Tinubu's anticipatory approval - Verheijen

GenCos debt: N4tn bond programme receives Tinubu’s anticipatory approval – Verheijen

By Ifunanya / July 26, 2025

The Special Adviser to the President on Energy, Mrs. Olu Verheijen, has said a N4 trillion bond programme has received […]

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Nigeria can reduce cost of housing by 50 per cent - Olatunbosun

Nigeria can reduce cost of housing by 50 per cent – Olatunbosun

By Ifunanya / July 26, 2025

A popular Nigerian investor and Group Chief Executive Officer of Casalavoro Residence, Mr Williams Olatunbosun, has said that the Nigerian government […]

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

Naira continues appreciation against US dollar as foreign reserves increase

By Ifunanya / July 25, 2025

The naira continued its appreciation against the United States dollar at the foreign exchange market on Friday, driven by a […]

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Russia crosses ruble foreign trade threshold — RT Business News

Sanctions Drive Ruble Over 50% in Export Payments for First Time

By Ifunanya / July 25, 2025

The Russian ruble has reached a historic milestone in international trade, accounting for over half of all export settlements for […]

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Lagos makes global top 15 in 2025 nightlife rankings (Full List)

Lagos makes global top 15 in 2025 nightlife rankings (Full List)

By Ifunanya / July 25, 2025

Lagos has once again earned global recognition, securing the 14th position in the latest ranking of the world’s best nightlife […]

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Eko DisCo announces 25-day blackout in Lagos

Eko DisCo announces 25-day blackout in Lagos

By Ifunanya / July 25, 2025

Eko Electricity Distribution Company has announced a 25-day blackout in parts of Lagos State. Eko DisCo disclosed this in a […]

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Paris Club Refund: Consultant slams contempt charges against CBN gov

Reps give CBN Governor 14 days to remit N3.64trn or face arrest

By Ifunanya / July 25, 2025

The Joint Committees on Public Accounts and Public Assets of the House of Representatives have given Central Bank of Nigeria, […]

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TCN announces 120MW addition to national grid

TCN, Kano govt resolve legal obstacle to Kumbotso-Rimin Zakara 330 kV electricity project

By Ifunanya / July 25, 2025

The Transmission Company of Nigeria, TCN, Kano Region and the Kano State Ministry of Land said they have resolved the […]

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EU’s Russian diesel ban forcing prices up – industry boss — RT Business News

EU Sanctions Drive Long-Term Diesel Price Surge, TotalEnergies Warns

By Ifunanya / July 25, 2025

European Union sanctions targeting Russian-linked oil supplies have triggered a surge in global diesel prices, with industry leaders warning of […]

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This is dangerous - Expert Iromini disagrees with NERC over rejection of Enugu regulator's electricity tariff reduction

This is dangerous – Expert Iromini disagrees with NERC over rejection of Enugu regulator’s electricity tariff reduction

By Ifunanya / July 25, 2025

An energy expert and Chief Executive Officer of Solarcentric, Adetunji Iromini, has faulted the Nigerian Electricity Regulatory Commission over its […]

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NERC rejects Enugu regulator's electricity tariff reduction, reveals next action plan

NERC rejects Enugu regulator’s electricity tariff reduction, reveals next action plan

By Ifunanya / July 25, 2025

The Nigerian Electricity Regulatory Commission has rejected the Enugu Electricity Regulatory Commission over the latter’s controversial Multi-Year Tariff Order, which […]

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Naira records highest appreciation against dollar since Trump's tarrif pause

Naira records first appreciation across official, black markets in days

By Ifunanya / July 25, 2025

Nigeria’s currency, the naira, on Thursday recorded its first appreciation against the dollar this week across the official and parallel […]

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Canal+ finalizes $3bn acquisition of MultiChoice

By Ifunanya / July 24, 2025

French media giant Canal+ has completed a $3 billion acquisition of South Africa’s MultiChoice Group, taking full control of leading […]

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