African Business News

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

NNPC Addresses Fuel Shortages in Lagos and FCT amid Rising

NNPC Addresses Fuel Shortages in Lagos and FCT amid Rising Prices

By Ifunanya / July 27, 2024

Fuel Shortages Hit Nigeria: NNPC Confirms Supply Challenges in Lagos and Abuja The Nigerian National Petroleum Company Limited (NNPCL) has […]

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TikTok's Fate: US Justice Department Seeks Ban Over National Security

TikTok’s Fate: US Justice Department Seeks Ban Over National Security Concerns

By Ifunanya / July 27, 2024

TikTok Lockdown Looms: Justice Department Seeks to End App’s American Presence TikTok is facing a critical crisis as the Justice […]

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Nigeria's Daily Oil Production Drops Amid Rising Theft Concerns

Nigeria’s Daily Oil Production Drops Amid Rising Theft Concerns

By Ifunanya / July 27, 2024

Nigeria’s Oil Production Rises Amidst Ongoing Challenges The Nigerian Upstream Petroleum Regulatory Commission’s Chief Executive, Gbenga Komolafe, has announced that […]

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TikTok Sues US Over Data Security Concerns as Congress Eyes

TikTok Sues US Over Data Security Concerns as Congress Eyes Ban

By Ifunanya / July 27, 2024

TikTok’s Fate Hangs in the Balance as US Justice Department Files Response to Lawsuit The US Justice Department has filed […]

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CBN Injects $148m into Foreign Exchange Market to Stabilize Naira

CBN Injects $148m into Foreign Exchange Market to Stabilize Naira

By Ifunanya / July 27, 2024

Nigeria’s Central Bank Disburses $148m to Stabilize Foreign Exchange Market The Central Bank of Nigeria (CBN) has taken a crucial […]

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NNPC Recruits for Multiple Positions, Application Portal Experiences Technical Glitch

NNPC Recruits for Multiple Positions, Application Portal Experiences Technical Glitch

By Ifunanya / July 26, 2024

Nigerian National Petroleum Company to Hire More Workers, Application Portal Experiences Technical Issues The Nigerian National Petroleum Company Limited (NNPC) […]

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Dangote Refinery: Nigeria's Key to Energy Security and Inflation Reduction

Nigeria Slammed by Oil Theft Woes: $10bn Crude Losses Due to Theft, Vandalism in 2024

By Ifunanya / July 26, 2024

IMAGE: Aliko Dangote, the Chairman of Dangote Group, one of the companies summoned by the Senate to appear before the […]

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Osun Governor Endorses Traditional Food Price Control Approach

Osun Governor Endorses Traditional Food Price Control Approach

By Ifunanya / July 26, 2024

Osun State Governor Endorses Traditional Approach to Food Price Control In a bold move to address food insecurity in Osun […]

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Nigeria China Alliance Strengthened: 50 Years of Bilateral Cooperation

Nigeria-China Alliance Strengthened: 50 Years of Bilateral Cooperation

By Ifunanya / July 26, 2024

Nigeria Vows to Strengthen 50-Year-old Ties with China In a bid to foster stronger economic cooperation, Nigeria’s President Bola Tinubu […]

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Senate Summons Stakeholders Over Alleged Economic Sabotage in Nigerian Petroleum

Senate Summons Stakeholders Over Alleged Economic Sabotage in Nigerian Petroleum Industry

By Ifunanya / July 25, 2024

Nigerian Senate Summons Stakeholders in Petroleum Sector for Interrogation The Nigerian Senate has set up an ad hoc committee to […]

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Midoil Refining and Petrochemicals Commences Construction in Lagos, Promises Economic

Midoil Refining and Petrochemicals Commences Construction in Lagos, Promises Economic Boost

By Ifunanya / July 25, 2024

Midoil Refining and Petrochemicals Company Limited Breaks Ground on New Refinery in Lagos, Nigeria Lagos, Nigeria – Midoil Refining and […]

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Nigeria's Fiscal Management Records Significant Gains in Debt Service, Non Oil

Nigeria’s Fiscal Management Records Significant Gains in Debt Service, Non-Oil Revenue

By Ifunanya / July 25, 2024

Nigeria’s Government Reports Significant Strides in Fiscal Management In a significant push towards fiscal discipline, Nigeria’s Federal Government has recorded […]

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Dangote Refinery: Nigeria's Key to Energy Security and Inflation Reduction

Dangote Refinery: Nigeria’s Key to Energy Security and Inflation Reduction

By Ifunanya / July 25, 2024

Nigeria’s Local Refiners Promise to End Fuel Importation in 18 Months The owners of local refineries in Nigeria, including the […]

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Dangote Invests in Gabon's Cement and Fertilizer Production

Dangote Invests in Gabon’s Cement and Fertilizer Production

By Ifunanya / July 25, 2024

Dangote Invited to Invest in Gabon’s Cement and Fertiliser Production, Amid Accusations of Plans to Monopolise Nigeria’s Oil Sector In […]

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Federal Government Deploys Reinforced Concrete Technology to End Infrastructural Neglect

Federal Government Deploys Reinforced Concrete Technology to End Infrastructural Neglect on East-West Road

By Ifunanya / July 24, 2024

Nigeria’s East-West Road Sees Major Revamp with Reinforced Concrete Technology In a bid to end years of pavement failures and […]

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Nigeria Discos Generate N291bn Revenue Amid Blackout in Q1

By Ifunanya / July 24, 2024

Nigeria’s Electricity Distribution Companies Generate N291.62 Billion in Q1 2024 Amid Power Crisis Despite a prolonged power crisis in parts […]

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BVN Enrollments Soar to 62.7 Million, 854,267 New Registrations in

BVN Enrollments Soar to 62.7 Million, 854,267 New Registrations in 2 Months

By Ifunanya / July 24, 2024

Nigeria’s Bank Verification Number Enrollments Reach 62.7 Million in July In a recent update, the Nigeria Inter-Bank Settlement System (NIBSS) […]

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Nigeria Approves ₦150,000 Grant for Jigawa State Business Owners, Increases

Nigeria Approves ₦150,000 Grant for Jigawa State Business Owners, Increases National Minimum Wage

By Ifunanya / July 24, 2024

Nigeria’s President Tinubu Announces ₦150,000 Grant for Jigawa State Business Owners, Senate and House of Representatives Pass National Minimum Wage […]

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Nigeria's Oil Sector Under Scrutiny: Ezekwesili Calls for Independent Audit

Nigeria’s Oil Sector Under Scrutiny: Ezekwesili Calls for Independent Audit of Dangote Refinery-NNPC Deal

By Ifunanya / July 24, 2024

Nigeria’s Dangote Refinery Embroiled in Controversy as Minister Calls for Independent Audit Nigeria’s Dangote Petroleum Refinery, a planned $20 billion […]

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Naira Appreciation Drive Sustainable Growth Predicted by Financial Expert

Naira Plunges to Record Low Against Dollar Following CBN Interest Rate Hike

By Ifunanya / July 23, 2024

Naira Sinks Against Dollar as Nigeria’s Central Bank Raises Interest Rates In a move that has sent shockwaves through foreign […]

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