African Business News

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

Nigerias Dangote refinery mulls first fuel cargo export

Nigeria’s Dangote Refinery Set to Export First Fuel Cargo

By Ifunanya / February 15, 2024

Nigeria’s Dangote refinery, with a production capacity of 650,000 barrels per day, is poised to make its inaugural fuel cargo […]

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1707942509 Carbon acquires Nigerian fintech Vella Finance

Carbon’s Acquisition of Vella Finance: A Catalyst for Financial Inclusion in Nigeria

By Ifunanya / February 14, 2024

Carbon, a leading digital financial services provider, has made a significant move by acquiring Vella Finance, a Nigerian fintech company […]

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DisCos need N2trn capital investment to improve power supply in

Tinubu Urges Senate Approval for CBN’s Monetary Policy Committee

By Ifunanya / February 14, 2024

President Bola Tinubu has requested the Senate’s confirmation for the appointment of a chairman and members to the Central Bank […]

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Naira Free Fall Nigerias crude oil sales should be in

Nigeria’s Crude Oil Production Faces a 3,000 Barrel-per-Day Drop, OPEC Reports

By Ifunanya / February 14, 2024

In January 2024, Nigeria experienced a slight decrease in crude oil production, with output falling to 1.419 million barrels per […]

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NGX records bearish trading as ASI declines by 033 per

Nigerian Stock Market Sees Decline with 0.33% ASI Drop

By Ifunanya / February 14, 2024

The Nigerian Exchange Limited experienced a downturn in trading on Tuesday, resulting in a 0.33% decrease in the All-Share Index, […]

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Naira appreciates against US dollar as FX supply surges by

Naira Strengthens Against US Dollar with 202% Surge in FX Supply

By Ifunanya / February 14, 2024

The Naira experienced a modest improvement against the US dollar, buoyed by a substantial 202.97% surge in foreign exchange (FX) […]

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Naira gains at official market weakens to N1500 parallel market

Naira Strengthens on Official Market, Weakens to N1500/$ on Parallel Market

By Ifunanya / February 14, 2024

The Nigerian naira experienced a marginal gain against the United States dollar, rising to N1,499 from an all-time low of […]

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lawyers

UK Signs Deal To Allow Nigerian Lawyers Practise In Britain And British Lawyers Practise In Nigeria

By IDBM Consult / February 13, 2024

February 13, 2024 The United Kingdom on Tuesday signed a partnership with Nigeria to boost trade and investment and unlock […]

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cameron

David Cameron to urge China to take tougher stance on Houthi attacks in the Red Sea

By IDBM Consult / February 13, 2024

February 13, 2024 Lord Cameron has said he is planning to lobby China to take a tougher stance on Houthi attacks in […]

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global stocks

Global Stocks Tumble Amid US Inflation Concerns

By IDBM Consult / February 13, 2024

February 13, 2024 Stocks in the United States and Europe slumped on Tuesday while the dollar climbed as data showed […]

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CAC to delist 91843 companies over failure to comply with

Global Impact: CAC Mandates Registration for Social Media Content Creators

By Ifunanya / February 13, 2024

The Corporate Affairs Commission (CAC) has announced that social media content creators, including those on Instagram and TikTok with significant […]

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Bola Tinubu Nominates Board Members for Key Nigerian Institutions

By Ifunanya / February 13, 2024

President Bola Tinubu has formally requested the Nigerian Senate to vet and confirm nominees for the boards of three crucial […]

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CAC says content creators must register pay taxes

Content Creators Urged to Register and Pay Taxes

By Ifunanya / February 13, 2024

The Corporate Affairs Commission (CAC) is calling on social media content creators, Instagram, and TikTok users with large followings to […]

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Food inflation rises to 3284 in Nigeria NBS

Nigeria Moves to Regulate Food Prices Amid Hardship

By Ifunanya / February 13, 2024

In response to soaring food inflation, the Nigerian Federal Government is set to create a National Commodity Board. Vice President […]

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Port Harcourt Refinery gets 475000 barrels of crude oil from

Shell Delivers 475,000 Barrels of Crude Oil to Port Harcourt Refinery

By Ifunanya / February 13, 2024

In a major development, the Port Harcourt Refining Company Limited (PHRC) has received a substantial supply of 475,000 barrels of […]

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defence spending

Global defence spending jumped to record $2.2 trillion last year: Report

By IDBM Consult / February 13, 2024

Spending set to rise in 2024 with Israel’s war on Gaza, Russia-Ukraine conflict, tensions in Indo-Pacific. Feb 13, 2024 Global […]

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Master bakers caterers in Nigeria to begin nationwide strike Feb

Nigeria’s Master Bakers and Caterers Union Announces Nationwide Strike Starting Feb 27

By Ifunanya / February 13, 2024

Nigeria’s Association of Master Bakers and Caterers (AMBCN) has declared a nationwide strike, effective February 27, 2024. The decision was […]

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More hardship for Nigerians as prices of rice beans garri

Food Prices Soar in Nigeria, Adding to Hardships Amidst Economic Struggles

By Ifunanya / February 13, 2024

In recent months, staple food prices in Nigeria have skyrocketed, according to a market survey conducted by Media Talk Africa. […]

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world bank

World Bank: 600m Africans face blackout by 2030

By IDBM Consult / February 13, 2024

Feb 13, 2024 World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking […]

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nnpc

NNPCL: no increase in petrol prices

By IDBM Consult / February 13, 2024

February 13, 2024 The Nigerian National Petroleum Company NNPC Ltd has denied any imminent hike in the pump prices of […]

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