Nigeria Transmission Company records 131 vandalism cases
The Transmission Company of Nigeria has recorded a significant milestone in electricity transmission, achieving an all-time peak of 5,801.84 megawatts […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Tax Reforms To Take Effect January 2026
Nigeria’s Federal Inland Revenue Service (FIRS) has announced that the full impact of recent tax reforms will become apparent from
FCCPC Clarifies Transport Fare Hikes During Yuletide
The Federal Competition and Consumer Protection Commission has clarified that increases in transport fares during the holiday season are not
NTAC funding boost urged for South-South cooperation
The Nigerian government has been urged to increase support for the Technical Aid Corps (NTAC), a agency under the Ministry
African Business News
NAFDAC Recalls Indomie Noodles Over Health Risks
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public alert regarding the recall of
Nigeria energy firm secures $750m financing facility
Nigeria’s Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to expand its oil
CBN Introduces Multi-Factor Authentication For Foreign Card Transactions
The Central Bank of Nigeria (CBN) has introduced new guidelines for foreign-issued card transactions, aiming to enhance the efficiency and
NAFDAC recalls Indomie noodles over allergens
Anxiety has been mounting in Nigeria following a public alert issued by the National Agency for Food and Drug Administration
Nigeria Gas Supply Rises to 4684billion scf/day in November
Nigeria’s average daily gas supply increased to 4.684 billion standard cubic feet per day in November 2025, up from 3.94
African Business News
CBN Introduces Multi-Factor Authentication For Foreign Transactions
The Central Bank of Nigeria (CBN) has introduced new measures to enhance the seamless use of foreign-issued payment cards in
FCCPC unseals Ikeja Electric headquarters after compliance agreement
The Federal Competition and Consumer Protection Commission (FCCPC) has lifted the seal on the headquarters of Ikeja Electric Plc, a
African Business News
Nigeria MSMEs get $500 million World Bank financing
The World Bank has approved a $500 million financing package to support Micro, Small, and Medium Enterprises (MSMEs) in Nigeria.