African Business News

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

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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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Dangote Refinery’s Direct Distribution Plan Sparks Monopoly Fears in Nigeria’s Petroleum Industry

By Ifunanya / June 16, 2025

Nigeria’s Petroleum Industry on High Alert: Dangote Refinery’s Move Sparks Monopoly Fears In a move that’s sent shockwaves through Nigeria’s […]

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Global oil prices: Iran, Israel strikes damage refinery, gas facilities

Global oil prices: Iran, Israel strikes damage refinery, gas facilities

By Ifunanya / June 16, 2025

Global oil prices have continued the week in gain amid tit-for-tat attacks by both Iran and Israel, as the crisis […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Dangote Refinery Disrupts Nigeria’s Oil Downstream Market with Nationwide Fuel Distribution and CNG Stations

By Ifunanya / June 16, 2025

Dangote Refinery Set to Disrupt Nigeria’s Oil Downstream Market with Nationwide Fuel Distribution In a move that promises to significantly […]

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CPPE raises concerns over CBN interest rate pause

Israel-Iran conflict: CPPE warns of mixed impact on Nigerian economy

By Ifunanya / June 15, 2025

The Centre for the Promotion of Private Enterprise, CPPE, has outlined both the risks and possible benefits the escalating conflict […]

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Dangote Refinery's cheaper petrol unsettles marketers, importers

Dangote Refinery dumps marketers, begins direct supply of petrol, diesel to heavy users

By Ifunanya / June 15, 2025

Dangote Refinery has announced that it has begun the distribution of premium motor spirit and automotive gas oil (diesel) directly […]

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$30 billion GDP: Nsukka zone’s competitive, comparative advantages under-utilized - Chamber of Commerce

$30 billion GDP: Nsukka zone’s competitive, comparative advantages under-utilized – Chamber of Commerce

By Ifunanya / June 15, 2025

Nsukka Chamber of Commerce, Industry, Mines and Agriculture (NSCCIMA), has stated that the zone is advantageously placed towards the realization […]

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Nigerian Govt opens up on 'special prayers' for food security

Nigerian Govt opens up on ‘special prayers’ for food security

By Ifunanya / June 14, 2025

The Nigerian government, through the Federal Ministry of Agriculture and Food Security, has opened up on reports that it organized […]

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CBN directs Nigerian banks to pause dividend payments to foreign subsidiaries

CBN directs Nigerian banks to pause dividend payments to foreign subsidiaries

By Ifunanya / June 14, 2025

The Central Bank of Nigeria, CBN, has directed Nigerian banks under regulatory forbearance to put on hold dividend payments and […]

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Four Nigerian companies push NGX to N486bn single-day gain

Four Nigerian companies push NGX to N486bn single-day gain

By Ifunanya / June 14, 2025

Four Nigerian companies have propelled the Nigerian Exchange Limited (NGX) to a N486 billion single-day gain, ending the week on […]

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There's huge potential of non-oil export - Media group

There’s huge potential of non-oil export – Media group

By Ifunanya / June 14, 2025

The Independent Media and Policy Initiatives (IMPI) has stated that the recent report of $1.7 billion export earnings posted for […]

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World Bank downgrades global growth forecast, gives reason

World Bank downgrades global growth forecast, gives reason

By Ifunanya / June 14, 2025

Amid worldwide trade tension orchestrated by United States of America President Donald Trump, the World Bank cut its 2025 global […]

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Naira records highest depreciation against dollar in weeks

Naira records highest depreciation against dollar in weeks

By Ifunanya / June 13, 2025

The Nigerian currency, the naira, recorded its highest depreciation against the dollar on Friday at the official foreign exchange market […]

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Tribunal adjourns judgement in Edo guber petition indefinitely

Indian, 12 Nigerians arraigned in court for N4bn diesel theft from Dangote

By Ifunanya / June 13, 2025

An Indian national, Tukur Shamsudden, and 12 Nigerians were on Tuesday arraigned by the operatives of the Police Special Fraud […]

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Naira records highest appreciation against dollar since Trump's tarrif pause

Naira continues appreciation against dollar at official market

By Ifunanya / June 13, 2025

The naira has continued its appreciation streak against the dollar at the official market on Wednesday. According to Central Bank […]

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'No deal collapsed' - Nigerian Govt breaks silence on forward crude oil sale

‘No deal collapsed’ – Nigerian Govt breaks silence on forward crude oil sale

By Ifunanya / June 13, 2025

The Federal Government has debunked reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National […]

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CBN announces fresh date for first MPC meeting in 2025

We didn’t extend recapitalization deadline for BDC operators – CBN

By Ifunanya / June 13, 2025

The Central Bank of Nigeria said it did not extend the deadline for the recapitalization of legal Bureau De Change […]

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NNPCL names new senior management team

NNPCL releases performance report, announces N5.89trn revenue

By Ifunanya / June 13, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has released a summary of its monthly report for April 2025. The state-owned […]

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Two Nigerian companies push NGX to N405bn gain

Two Nigerian companies push NGX to N405bn gain

By Ifunanya / June 13, 2025

Two Nigerian companies’ stocks propelled the Nigerian Exchange Limited to a N405 billion gain on Wednesday. The two companies with […]

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World Bank appoints Dangote to elite group

Aliko retires from Dangote Sugar Refinery Plc

By Ifunanya / June 13, 2025

The chairman of the Board of Dangote Sugar Refinery Plc, Aliko Dangote, has announced his retirement, bringing an end to […]

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