African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
The Nigerian presidency has dismissed claims that the nation’s top oil executive was coerced into resigning, following speculation about pressure […]
Continue ReadingNasarawa State has joined a growing list of Nigerian states assuming control of their electricity markets under a nationwide decentralization […]
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A prominent energy expert has called for caution in assessing Nigeria’s state-owned oil company amid a multi-trillion-naira audit inquiry, stressing […]
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A Nigerian power distribution firm has sparked sharp public discourse after likening electricity theft to kidnapping in severity, framing the […]
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Amid scrutiny over a staggering ₦210 trillion audit involving Nigeria’s state-owned oil giant, energy experts are urging nuanced dialogue to […]
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Nigerian motorists are grappling with a sharp rise in petrol prices following adjustments to wholesale fuel rates by the country’s […]
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A major Nigerian industry group has called for government intervention to halt a controversial fuel distribution strategy by Africa’s largest […]
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London’s Heathrow Airport has announced a £49 billion ($65 billion) expansion plan, featuring a long-debated third runway, following years of […]
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Nigeria’s Dangote Refinery, one of Africa’s largest oil refining projects, has appointed David Bird, former CEO of Oman’s Duqm Refinery, […]
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Senegal has announced a three-year fiscal overhaul aiming to raise nearly $10 billion to address a mounting debt crisis, with […]
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Russia’s wealthiest individuals saw their combined fortunes grow by $20.4 billion during the first half of 2025, fueled largely by […]
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Against a backdrop of mixed economic signals, Nigeria’s currency held steady against the U.S. dollar across both formal and informal […]
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Authorities in southwest Nigeria’s Oyo State have dismantled an illegal diesel operation along a major highway, arresting 16 individuals and […]
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Nigeria, Africa’s most populous nation, has received a significant financial boost towards its energy transition efforts. The African Development Bank […]
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South Africa scrambled for a trade lifeline as U.S. tariffs loom President Cyril Ramaphosa is leveraging a week-long respite in […]
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Oil Firm Sabotage Plot Alleged, Nigerian Admin Urged to Intervene A plot aimed at undermining the Nigerian National Petroleum Company […]
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ExxonMobil Profits Drop Amidst Lower Crude Prices; Company Bullish on Growth Projects Oil and gas behemoth ExxonMobil announced a decline […]
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EUROZONE INFLATION STEADY IN JULY AT 2.0% In a surprise development, Eurozone inflation remained stable in July, official data from […]
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Nigeria’s Guaranty Trust Holding Company Completes London Listing Transition In a strategic shift aimed at simplifying its capital structure and […]
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Central Bank of Nigeria Dispels Political Motives Behind Staff Redeployment The Central Bank of Nigeria (CBN) has firmly refuted suggestions […]
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