African Business News

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

CAC reviews service fees - Daily Post Nigeria

CAC reviews service fees – Media Talk Africa Nigeria

By Ifunanya / June 18, 2025

The Corporate Affairs Commission, CAC, has announced a review of its service fees, scheduled to take effect from August 1, […]

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Oil prices continue to rise over escalating Israel-Iran conflict — RT Business News

Oil prices surge nearly 5% as Israel-Iran conflict threatens key shipping route

By Ifunanya / June 18, 2025

Global oil prices have surged by almost 5% as the escalating conflict between Israel and Iran sparks concerns over the […]

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PEBEC announces nationwide initiative to drive ease of doing business in Nigeria

PEBEC announces nationwide initiative to drive ease of doing business in Nigeria

By Ifunanya / June 17, 2025

The Presidential Enabling Business Environment Council has announced a nationwide tour to begin on June 23, 2025, to drive the […]

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Naira records highest depreciation against dollar in weeks

Naira losses steam against dollar as Nigeria’s reserves slide downward

By Ifunanya / June 17, 2025

The naira depreciated against the dollar at the official foreign exchange market on Tuesday, barely 24 hours after appreciation amid […]

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Nigeria maintains dominance in Africa's crude production with 1.544 mbpd — OPEC

Nigeria maintains dominance in Africa’s crude production with 1.544 mbpd — OPEC

By Ifunanya / June 17, 2025

The world’s leading oil corporation, the Organisation of Petroleum Exporting Countries, OPEC, said Nigeria’s crude oil output remained the topmost […]

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Fuel price may drop to N800 per litre - Marketers

Israel-Iran war: Dangote Refinery, depot owners increase fuel price in Nigeria

By Ifunanya / June 17, 2025

Dangote Refinery and petroleum products depot owners have increased their ex-depot prices of premium motor spirit owing to the spike […]

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CAC announces new fee rise effective August 1, 2025

CAC announces new fee rise effective August 1, 2025

By Ifunanya / June 17, 2025

The Corporate Affairs Commission (CAC) has announced an upward review of its service fees, which will take effect from August […]

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CAC announces new fee rise effective August 1, 2025

CAC announces new fee rise effective August 1, 2025

By Ifunanya / June 17, 2025

The Corporate Affairs Commission (CAC) has announced an upward review of its service fees, which will take effect from August […]

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Real reason for Dangote Refinery's fresh fuel price drop — IPMAN

IPMAN suspends strike over Lagos call-up fee hike

By Ifunanya / June 17, 2025

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has directed its members to suspend the industrial action initiated in response […]

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Fidelity Bank funds construction of Nigeria’s first privately built onshore oil export facility in 50 years

Fidelity Bank funds construction of Nigeria’s first privately built onshore oil export facility in 50 years

By Ifunanya / June 17, 2025

In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated […]

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Trump Org releases golden smartphone (PHOTO, VIDEO) — RT Business News

Trump Organization Launches US Made Mobile Phone Service and Device

By Ifunanya / June 17, 2025

The Trump Organization, the family company of US President Donald Trump, has launched a new self-branded mobile phone service called […]

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Northern Nigerian Flour Mills, two other firms dip as NGX records N108bn losses

By Ifunanya / June 17, 2025

Northern Nigeria Flour Mills and two other companies experienced dips as Nigerian Exchange Limited began the week on a negative […]

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Naira appreciates against dollar across official, black markets

Nigeria’s naira returns to appreciation against dollar after inflation drops

By Ifunanya / June 17, 2025

The naira appreciated against the dollar in the official and parallel foreign exchange markets to begin the week on a […]

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Nigeria's food inflation drops for the second time to 21.14% in May

Nigeria’s food inflation drops for the second time to 21.14% in May

By Ifunanya / June 17, 2025

Africa’s most populous country, Nigeria’s food inflation rate has declined for the second consecutive time to 21.14 percent in May […]

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Nigerian FIRS extends operation time to achieve N25.2tn revenue target

Nigerian FIRS extends operation time to achieve N25.2tn revenue target

By Ifunanya / June 17, 2025

Nigeria’s revenue collection agency, the Federal Inland Revenue Service, FIRS, has ordered the extension of its tax office operational time […]

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

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

By Ifunanya / June 17, 2025

Fear has gripped petroleum product marketers and retailers as Dangote Refinery fixed August 15, 2025, to begin distribution of premium […]

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Porsche explains why it ‘can’t’ leave Russia — RT Business News

Porsche Fails to Exit Russia Due to Unsuccessful Asset Sale Amid Sanctions

By Ifunanya / June 17, 2025

Porsche, the luxury German carmaker, has revealed that it has not exited the Russian market due to its inability to […]

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BREAKING: Despite rebase, Nigeria's inflation rate rises to 24.23%

BREAKING: Nigeria’s inflation drops to 22.97%

By Ifunanya / June 16, 2025

The National Bureau of Statistics, NBS, on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent. NBS […]

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FIRS opens weekend tax services to ease pressure ahead of deadline

FIRS opens weekend tax services to ease pressure ahead of deadline

By Ifunanya / June 16, 2025

As the June 30 deadline for Companies Income Tax (CIT) filing approaches, the Federal Inland Revenue Service (FIRS) has opened […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

‘Monopoly in making’ – Retailers kick against Dangote Refinery’s direct supply plan

By Ifunanya / June 16, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has kicked against Dangote Refinery’s move to distribute its petroleum […]

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