NDIC liquidates Aso Savings and Union Homes assures depositors of payout
The Nigeria Deposit Insurance Corporation (NDIC) has initiated the liquidation process for Aso Savings and Loans Plc and Union Homes […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
NMDPRA boss faces probe over ₦200bn bridging claims scandal
The Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, is under scrutiny for plans
African Business News
Venezuela Oil Blockade Sparks Price Jump
Oil prices experienced a significant increase on Wednesday following US President Donald Trump’s order to impose a total blockade on
NMDPRA CEO Ahmed denies Dangote allegations as wild and spurious
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, has dismissed allegations of
African Business News
Canada climate targets missed by 2030 and 2035
Canada’s Prime Minister, Mark Carney, has acknowledged that the country will not meet its greenhouse gas emissions reduction targets for
African Business News
Hong Kong Crypto Exchange Begins Trading Amid Regulatory Push
Hong Kong’s largest licensed cryptocurrency exchange, HashKey Group, has commenced trading on the stock market, marking a significant milestone in
African Business News
Asian markets mixed after US jobs data fails rate cut hopes
Asian markets experienced a mixed performance on Wednesday, as the release of US jobs data failed to bolster expectations of
Oil prices sink to 4 year low at 58 per barrel
Global oil prices have plummeted to their lowest levels in four years, with Brent crude dropping 2.71% to $58.92 per
African Business News
Venezuela blockaded by US over oil sanctions
The Venezuelan government has expressed strong opposition to the US announcement of a blockade targeting sanctioned oil tankers arriving at
African Business News
Venezuela oil blockade ordered by Trump
US President Donald Trump has announced a blockade of “sanctioned oil vessels” heading to and leaving Venezuela, intensifying pressure on
Nigeria ports cargo traffic surges 16 percent
Nigeria’s port ship traffic, exports, and overall cargo have recorded significant increases in the third quarter of 2025, according to
African Business News
China AI Chipmaker MetaX Surges 755 Percent
China’s MetaX Sees Significant Gains on Shanghai Debut Shares in MetaX, a Chinese company specializing in high-end chips for artificial