Nigeria Oil Licensing Round Warns Investors of No Refunds
The Federal Government of Nigeria has issued a stern warning to prospective investors in the 2025 oil licensing round, stating […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Ukraine loan rejected by Hungary over taxpayer burden
Hungarian Prime Minister Viktor Orban has rejected a European Union-proposed loan package for Ukraine, citing the financial burden it would
Nigeria VAT hike hits bank transfers with 7.5 percent charge
Nigerian banks, including Moniepoint, have notified their customers of an impending 7.5 percent Value Added Tax (VAT) on bank transfers
Nigeria Economy to Grow 4.4 Percent by 2026
The World Bank has forecasted a significant increase in Nigeria’s economic growth, projecting a 4.4 percent growth rate for 2026
Dangote Refinery Defends Petrol Price Amid Market Distortion Claims
Dangote Refinery’s Managing Director, David Bird, has defended the company’s fixed petrol price of N739 per liter, stating that it
TotalEnergies sells Nigerian oil stake for $800 million
TotalEnergies has signed an agreement to sell its 10% non-operated interest in the Renaissance Joint Venture in Nigeria to Vaaris
Dangote Refinery Ends Petrol Scarcity
Dangote Petroleum Refinery Plc has assured Nigerian consumers of an end to Premium Motor Spirit (PMS) or petrol scarcity, citing
Saks Global files bankruptcy amid debt struggles
US luxury retail group Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, has filed
Eko Disco appoints Wola Joseph-Condotti CEO
Wola Joseph-Condotti has taken on a new role as interim Chief Executive of Eko Electricity Distribution Plc (Eko Disco), effective
TETFund Approves 6 Billion Intervention Funds
The Federal Government of Nigeria has approved the disbursement of over 6 billion in intervention funds to 271 tertiary institutions
Saks Global files bankruptcy amid debt struggles
Saks Global, the parent company of luxury retail brands Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, has filed for
Nigeria Federation Account hits 6 trillion in Q3 disbursements
The Nigerian government has shared a total of ₦6 trillion in Federation Account Allocation Committee (FAAC) disbursements among the federal,