African Business News

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

BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Dangote Refinery partner, MRS filling station increases fuel price

By Ifunanya / June 22, 2025

Dangote Refinery partner, MRS filling stations, has increased its premium motor spirit pump price. MRS disclosed this in a new […]

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Russia on verge of recession – minister — RT Business News

Russia on Brink of Recession Amid Sanctions and Economic Cooling

By Ifunanya / June 21, 2025

Russia’s economy is teetering on the edge of a recession, according to Economic Development Minister Maksim Reshetnikov. Despite showing remarkable […]

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Naira continues depreciation against dollar

Naira Appreciates Against Dollar After Three-Day Depreciation Streak

By Ifunanya / June 21, 2025

Naira Sees Uptick Against Dollar, Breaking Three-Day Slide In a welcome turn of events, the Nigerian naira experienced a significant […]

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Fuel price: Fear grips petroleum product stakeholders as Dangote Refinery pushes for monopoly

Petrol marketers increase fuel prices in Nigeria

By Ifunanya / June 20, 2025

Nigeria’s petroleum product marketers and filling station owners have increased the price of Premium Motor Spirit, Media Talk Africa reports […]

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REA partners with FCMB to launch ₦100 billion financing facility to accelerate electricity access for two million households

REA partners with FCMB to launch ₦100 billion financing facility to accelerate electricity access for two million households

By Ifunanya / June 20, 2025

June 20, 2025: Lagos, Nigeria – In a landmark move to bolster electricity access for millions of Nigerians, the Rural […]

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'We’ll have cheaper oil’ - IPMAN backs Dangote Refinery's distribution plan

‘We’ll have cheaper oil’ – IPMAN backs Dangote Refinery’s distribution plan

By Ifunanya / June 20, 2025

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that the recent plan by the Dangote Refinery to distribute […]

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Two Nigerian companies push NGX to N405bn gain

Investors gain N677bn as Nigerian stock market continues uptrend

By Ifunanya / June 20, 2025

Investors recorded a N677 billion gain as the Nigerian stock market continued on a bullish trend on Thursday. This comes […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Fuel price: MEMAN mulls discussion with Dangote Refinery, regulators on petrol distribution

By Ifunanya / June 20, 2025

The Major Energies Marketers Association of Nigeria has said that it plans to initiate discussion with Dangote Refinery and regulators […]

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Dangote Refinery increasingly relies on US crude oil imports amid domestic supply shortages - Aliko

Dangote Refinery increasingly relies on US crude oil imports amid domestic supply shortages – Aliko

By Ifunanya / June 20, 2025

The President of Dangote Group, Aliko Dangote, has blamed the low supply of domestic crude oil for Dangote Refinery’s increasing […]

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Rivers: Fubara drafted 85% of N1.48 trillion 2025 budget by Sole Administrator

By Ifunanya / June 20, 2025

The Nigerian Senate has said that about 85 percent of the N1.48 trillion 2025 Rivers State budget submitted by its […]

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FGN Green Bond records N91.42bn subscription - DMO

FGN Green Bond records N91.42bn subscription – DMO

By Ifunanya / June 20, 2025

Nigeria’s federal government’s third Sovereign Green Bond recorded an oversubscription of N91.42 billion, which is above the N50 billion offer […]

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

Naira continues to depreciate against dollar

By Ifunanya / June 20, 2025

The naira continued its depreciation streak against the dollar at the official foreign exchange market on Thursday. According to the […]

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All you need to know about missing N210tn in NNPCL

All you need to know about missing N210tn in NNPCL

By Ifunanya / June 19, 2025

The Nigerian Senate on Wednesday, raised an alarm over the missing N210 trillion in the Nigerian National Petroleum Company Limited […]

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PZ Cussons relaunches Carex with one mission: Win the War Against Germs

PZ Cussons relaunches Carex with one mission: Win the War Against Germs

By Ifunanya / June 19, 2025

Carex, the globally trusted name in hygiene, has officially relaunched in Nigeria, introducing its new Masterbrand identity and an expanded […]

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Why there's missing N210tn in NNPCL - Chief Financial Officer

Why there’s missing N210tn in NNPCL – Chief Financial Officer

By Ifunanya / June 19, 2025

The Chief Financial Officer (CFO) of Nigerian National Petroleum Company Limited, Adedapo Segun, has explained why there is a missing […]

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US companies want to return to Russia – lobby chief — RT Business News

US Businesses Eye Return to Russian Market Amid Renewed Dialogue Hopes

By Ifunanya / June 19, 2025

American businesses are eager to revisit the Russian market, with the majority viewing it as a strategic location for growth. […]

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Four Nigerian companies push NGX to N486bn single-day gain

Seplat, other firms push NGX to massive N1.184tn gains

By Ifunanya / June 19, 2025

Seplat, NEM Insurance, Beta Glass, Linkage Assurance, and 34 other stocks propelled Nigerian Exchange Limited to a N1.184 trillion gain […]

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Nigeria now has 65 CNG stations for cheaper gas - PCNGI

Nigeria now has 65 CNG stations for cheaper gas – PCNGI

By Ifunanya / June 19, 2025

The Nigerian government, through the Presidential Compressed Natural Gas Initiative (PCNGI), has said the country now has 65 CNG stations […]

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Ditching Russian gas could cost EU state €16 billion – Reuters — RT Business News

Slovakia Faces $18 Billion Penalty for Ending Gazprom Contract Under EU Phaseout Plan

By Ifunanya / June 19, 2025

The European Union’s bid to phase out Russian fossil fuels by 2028 may come with a hefty price tag for […]

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Naira records highest depreciation against dollar in weeks

Naira Depreciates Further Against Dollar in Official Market

By Ifunanya / June 19, 2025

Naira Takes a Hit: Currency Depreciates Against Dollar in Official Market In a concerning turn of events, the Nigerian naira […]

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