Petrol supply increases to 71.5m litres daily
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported a significant increase in the supply of Premium Motor […]
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.
Naira gains against US dollar with significant appreciation
The Nigerian Naira has appreciated significantly against the United States dollar at the official foreign exchange market, marking a positive
African Business News
Oil prices steady as US considers selling Venezuelan crude
Oil prices remained stable on Tuesday after rising over 2% in the previous session, as the US considers selling seized
African Business News
Afreximbank Heirs Energies sign $750m energy deal
African Export-Import Bank (Afreximbank) and Heirs Energies Ltd have signed a $750 million financing agreement to bolster the energy firm’s
African Business News
North Korea Amazon blocks 1800 job applicants
Amazon has blocked over 1,800 North Koreans from joining the company, amid concerns that Pyongyang is sending large numbers of
African Business News
Novo Nordisk GLP-1 Weight Loss Pill Approved by FDA
Novo Nordisk, a Danish pharmaceutical company, has announced that the US Food and Drug Administration (FDA) has approved its GLP-1
Data centers strain power grids amid AI and crypto boom
Thermal imagery from space is providing a unique perspective on the heat output of high-load facilities, such as data centers,
Artificial Intelligence Ethics Urged in Africa Amid Expansion
Engineers across Africa are advocating for the responsible use of artificial intelligence as the technology expands into areas affected by
Britain economy growth slows to 0.2 percent in Q2
Britain’s economy has experienced a slower expansion than initially thought in the second quarter, according to revised data released by
Nigeria economy gains traction with inflation drop
Nigeria’s economy showed significant improvement in 2025, with key gains including a decline in inflation to 14.45 percent in November
African Business News
Kwara Budget 2026 Appropriation Bill Presented
Kwara State Governor AbdulRahman AbdulRazaq has presented the 2026 Appropriation Bill to the state parliament, outlining a ₦644 billion fiscal
China imposes duties on EU dairy products
China has announced the imposition of temporary duties on certain dairy products imported from the European Union, marking the latest