African Business News

Heirs Energies, a company owned by Nigerian businessman Tony Elumelu, has acquired a 20.07% stake in Seplat Energy Plc from […]

The Akwa Ibom State House of Assembly has ratified the 2026 appropriation bill, totaling ₦1.39 trillion. This move follows the

The Governor of Adamawa State, Umaru Fintiri, has signed the 2026 appropriation bill into law, authorizing the expenditure of 583.3

The Budget Office of the Federation has urged Nigerians to be cautious of unverified claims and speculation surrounding the country’s

The Nigerian naira experienced a notable gain against the US dollar on Wednesday, closing at N1,435.75 on the official foreign

Nigeria has commenced the implementation of its new tax laws and fiscal reforms, despite widespread public anxiety. The new tax

The Nigerian Exchange Limited has experienced a significant surge in value, with its total market capitalisation increasing by N36.46tn year-to-date.

Bauchi State Governor Bala Mohammed has expressed concerns that President Bola Ahmed Tinubu is overlooking certain provisions in the country’s

The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of 502 billion in November 2025, marking

Nigeria experienced a series of national grid collapses on December 29, 2025, resulting in a nationwide blackout. The collapse, which

Nigeria’s oil production has declined by 5.9% year-on-year, with the country producing 1.599 million barrels per day (bpd) in November