BP sells Castrol stake for $6 billion
BP has agreed to sell a majority stake in its Castrol lubricants business to US investment firm Stonepeak, as part […]
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.
Tax Reform Chairman Denies Describing Regulation as Fake
The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has denied reports suggesting that he described
African Business News
Nigeria Records 2.66trn Fiscal Deficit
The Nigerian federal government recorded a fiscal deficit of 2.66 trillion in the second quarter of 2025, according to the
Pensioners receive extra N2.68bn in Contributory Pension Scheme payments
The National Pension Commission (PenCom) has announced that retirees enrolled in the Contributory Pension Scheme (CPS) have received an additional
African Business News
Dollar heads for worst year since 2003 performance
The US dollar is on track to record its worst annual performance in over two decades, according to a Reuters
Central Bank Nigeria fire report debunked as fake
A recent fact-checking report by Reuters has debunked social media claims of a fire outbreak at the Central Bank of
African Business News
US visa ban targets EU ex commissioner over censorship rules
The US State Department has announced that it will deny visas to a former EU commissioner and four others, citing
African Business News
Gold prices soar past 4500 on rate cut bets and geopolitics
Gold prices have surpassed $4,500 for the first time, driven by anticipation of continued interest rate cuts by the Federal
Nigeria attracts investors with macroeconomic stability
The Central Bank of Nigeria (CBN) is actively promoting its economic reform narrative to global investors, emphasizing policy stability, macroeconomic
African Business News
EU Commissioner Breton Slams US Visa Denial as Witch Hunt
The United States has announced its decision to deny visas to former European Union Commissioner Thierry Breton and four others,
Insecurity: Labour urges state governments to act
Nigeria’s labour unions are urging state governments and local authorities to take a more proactive role in addressing the country’s
Russian fish imports to EU still worth hundreds millions euros annually
Despite the European Union’s economic sanctions on Russia, the country’s fish exports continue to flow into the EU market, with