NUPRC Reforms Boost Investor Confidence in Nigeria Upstream Sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is making significant progress in implementing the Petroleum Industry Act (PIA) reforms, which […]
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
Federal Reserve Meeting Impacts Global Bonds and Stocks
Global bond markets stabilized on Tuesday, following a recent selloff, as investors awaited the outcome of the upcoming Federal Reserve
African Business News
BMW Names New CEO Amid Electric Shift Challenges
BMW has announced that Milan Nedeljkovic, its current head of production, will take over as chief executive in May. Nedeljkovic,
African Business News
Nigeria Budget 2026 Capital Allocation Carryover
The Federal Government of Nigeria has instructed Ministries, Departments, and Agencies (MDAs) to carry over 70% of their 2025 capital
African Business News
Airline profits to hit record high in 2026 despite delays
The International Air Transport Association (IATA) has forecast a record $41 billion in net profits for the global airline industry
African Business News
Federal Government Scraps Cash Payments
The Federal Government of Nigeria has announced plans to eliminate cash payments in Ministries, Departments, and Agencies (MDAs) by deploying
African Business News
Trump Imposes Tariff Threat On Mexico Over Water Treaty
US President Donald Trump has threatened to impose an additional 5% tariff on Mexico, citing a water-sharing dispute between the
African Business News
Nigeria Gas Debt Repayment Begins
The Federal Government of Nigeria has taken a significant step towards revitalizing the gas industry and stabilizing power generation. President
African Business News
Nigeria Oil Block Signature Bonus Slashed to 3m 7m
The Nigerian government has reduced the signature bonus for oil blocks to between $3 million and $7 million as part
African Business News
Nigerian Electricity Regulatory Commission urges industry compliance
The Nigerian Electricity Regulatory Commission (NERC) has emphasized the importance of adherence to operational standards in the power sector, urging
Nigeria Launches Tax Reform Committee for Economic Growth
The Federal Government of Nigeria has taken a significant step towards modernizing its tax system with the inauguration of the
African Business News
Australia social media ban starts for teenagers
Australia is set to implement a world-first social media ban, with Prime Minister Anthony Albanese announcing that teenagers under 16