Nigeria Power Grid Restored with 450MW Geregu Plant
The Niger Delta Power Holding Company (NDPHC) has successfully restored 450 megawatts (MW) of generation capacity to the national grid […]
African Business News
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
US China chip war escalates with Nvidia deal
The United States and China have been engaged in a prolonged dispute over the export of advanced semiconductors, with significant
Naira depreciation continues against dollar
The Nigerian naira began the week on a downward trend, depreciating against the United States dollar in both official and
Bitcoin price risks first annual decline since 2022
Bitcoin’s value is at risk of declining for the first time since 2022, following a year of record highs and
Nigeria BDC Operators: CBN Approves 82 Licensed Bureau De Change
The Central Bank of Nigeria (CBN) has announced that only 82 Bureau De Change (BDC) operators currently hold valid licenses
African Business News
Australia social media ban sparks Reddit compliance
Australia’s landmark social media ban for under-16s has been condemned by online discussion site Reddit as “legally erroneous.” The ban,
Nigeria Oil Block Bidding Costs Reduced Again
The Nigerian government has reduced the signature bonus for oil block bidders to a range of $3 million to $7
African Business News
Inflation Hurts US Holiday Shopping Amid Rising Living Costs
US households are feeling the pinch of rising living costs this holiday season, with many scaling back on gift-giving and
Fuel price war hits Nigeria as consumers opt for cheaper petrol
Nigerians are increasingly opting for cheaper petrol at Nigerian National Petroleum Company Limited (NNPCL) and other retail outlets, following a
Nigerian Stock Market Gains N247bn
The Nigerian Exchange Limited began the week on a positive note, with market capitalisation increasing by N247.21 billion on Monday.
Nigeria bans cash payments for revenue transactions
The Nigerian government has announced the immediate suspension of physical cash payments for all revenue transactions, directing Ministries, Departments, and
Federal Government bans cash payments for revenue
The Federal Government of Nigeria has issued a directive banning the use of physical cash for revenue payments, effective immediately.