African Business News

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

Fuel price: Fear grips petroleum product stakeholders as Dangote Refinery pushes for monopoly

Petrol marketers increase fuel prices in Nigeria

By Ifunanya / June 20, 2025

Nigeria’s petroleum product marketers and filling station owners have increased the price of Premium Motor Spirit, Media Talk Africa reports […]

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REA partners with FCMB to launch ₦100 billion financing facility to accelerate electricity access for two million households

REA partners with FCMB to launch ₦100 billion financing facility to accelerate electricity access for two million households

By Ifunanya / June 20, 2025

June 20, 2025: Lagos, Nigeria – In a landmark move to bolster electricity access for millions of Nigerians, the Rural […]

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'We’ll have cheaper oil’ - IPMAN backs Dangote Refinery's distribution plan

‘We’ll have cheaper oil’ – IPMAN backs Dangote Refinery’s distribution plan

By Ifunanya / June 20, 2025

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that the recent plan by the Dangote Refinery to distribute […]

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Two Nigerian companies push NGX to N405bn gain

Investors gain N677bn as Nigerian stock market continues uptrend

By Ifunanya / June 20, 2025

Investors recorded a N677 billion gain as the Nigerian stock market continued on a bullish trend on Thursday. This comes […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Fuel price: MEMAN mulls discussion with Dangote Refinery, regulators on petrol distribution

By Ifunanya / June 20, 2025

The Major Energies Marketers Association of Nigeria has said that it plans to initiate discussion with Dangote Refinery and regulators […]

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Dangote Refinery increasingly relies on US crude oil imports amid domestic supply shortages - Aliko

Dangote Refinery increasingly relies on US crude oil imports amid domestic supply shortages – Aliko

By Ifunanya / June 20, 2025

The President of Dangote Group, Aliko Dangote, has blamed the low supply of domestic crude oil for Dangote Refinery’s increasing […]

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Rivers: Fubara drafted 85% of N1.48 trillion 2025 budget by Sole Administrator

By Ifunanya / June 20, 2025

The Nigerian Senate has said that about 85 percent of the N1.48 trillion 2025 Rivers State budget submitted by its […]

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FGN Green Bond records N91.42bn subscription - DMO

FGN Green Bond records N91.42bn subscription – DMO

By Ifunanya / June 20, 2025

Nigeria’s federal government’s third Sovereign Green Bond recorded an oversubscription of N91.42 billion, which is above the N50 billion offer […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues to depreciate against dollar

By Ifunanya / June 20, 2025

The naira continued its depreciation streak against the dollar at the official foreign exchange market on Thursday. According to the […]

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All you need to know about missing N210tn in NNPCL

All you need to know about missing N210tn in NNPCL

By Ifunanya / June 19, 2025

The Nigerian Senate on Wednesday, raised an alarm over the missing N210 trillion in the Nigerian National Petroleum Company Limited […]

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