NAFDAC Recalls Indomie Noodles Over Health Risks
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public alert regarding the recall of […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria energy firm secures $750m financing facility
Nigeria’s Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to expand its oil
CBN Introduces Multi-Factor Authentication For Foreign Card Transactions
The Central Bank of Nigeria (CBN) has introduced new guidelines for foreign-issued card transactions, aiming to enhance the efficiency and
NAFDAC recalls Indomie noodles over allergens
Anxiety has been mounting in Nigeria following a public alert issued by the National Agency for Food and Drug Administration
Nigeria Gas Supply Rises to 4684billion scf/day in November
Nigeria’s average daily gas supply increased to 4.684 billion standard cubic feet per day in November 2025, up from 3.94
African Business News
CBN Introduces Multi-Factor Authentication For Foreign Transactions
The Central Bank of Nigeria (CBN) has introduced new measures to enhance the seamless use of foreign-issued payment cards in
FCCPC unseals Ikeja Electric headquarters after compliance agreement
The Federal Competition and Consumer Protection Commission (FCCPC) has lifted the seal on the headquarters of Ikeja Electric Plc, a
African Business News
Nigeria MSMEs get $500 million World Bank financing
The World Bank has approved a $500 million financing package to support Micro, Small, and Medium Enterprises (MSMEs) in Nigeria.
Dangote Refinery now supplies 1000 fuel trucks daily
The Dangote Refinery has seen a significant surge in fuel truck traffic, with over 1,000 vehicles visiting the facility daily
Nigeria Budget 2026 ₦58 trillion proposal presented
Nigerian President Bola Tinubu has presented a ₦58.1 trillion budget proposal for the 2026 fiscal year to the National Assembly.
Air Peace Resumes Ibadan Abuja Flights December 24
Air Peace Limited has announced the resumption of daily return flights between Ibadan and Abuja, effective December 24, 2025. The
Elon Musk wins $56 billion Tesla pay package appeal
A Delaware appeals court has overturned a previous ruling, paving the way for Elon Musk to receive a contentious $56