US Visa Applicants May Need $15000 Bonds
The United States government has introduced a new travel restriction that requires nationals from certain countries, including Nigeria, to post […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
EFCC chairman accused of selective prosecution
The Economic and Financial Crimes Commission (EFCC) has come under scrutiny for its handling of high-profile cases, with allegations of
19 Nigeria Banks Meet CBN Recapitalization Deadline
Nineteen Nigerian banks have successfully met the Central Bank of Nigeria’s recapitalization requirements as of January 6, 2026, ahead of
Paris flights cancelled due to snowfall and cold weather
France’s capital, Paris, has been severely impacted by a cold snap, resulting in significant disruptions to air and road travel.
Nigeria Electricity Distribution Companies Post 80.7% Tariff Collection Efficiency
Nigeria’s electricity distribution companies, also known as DisCos, have recorded notable operational gains in the third quarter of 2025. According
Meta pauses international expansion of Ray-Ban smart glasses
Meta, the parent company of Facebook, has announced that it is pausing the international expansion of its Ray-Ban Display glasses
African Business News
Naira strengthens against US Dollar to 1429
The Nigerian Naira has started the week on a positive note, gaining ground against the United States Dollar at the
Venezuela to deliver 50 million barrels of oil to US
The United States is set to receive a significant shipment of oil from Venezuela’s interim government, according to President Donald
Nigeria Electricity Subsidy Hits N1.98 Trillion
Nigeria’s electricity subsidy obligations have reached N1.98 trillion over the past 12 months, from October 2024 to September 2025, according
Shell buys Angola offshore blocks from Chevron
Shell has agreed to acquire stakes in two offshore blocks in ultra-deep waters off the coast of Angola from Chevron.
US car sales expected to moderate in 2026
US car sales are expected to moderate in 2026 after a surge in 2025, driven by trade announcements and environmental
Oil prices drop after Venezuela deal announced
Oil prices have extended their losses after US President Donald Trump announced that Venezuela would turn over millions of barrels