NNPC repays $3bn loan with N991bn crude oil
The Nigerian National Petroleum Company Limited has made significant progress in servicing its $3 billion forward-sale loan from the African […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Stocks mixed as rate cut hopes face inflation worries
Global stock markets presented a mixed picture on Friday, driven by hopes for sustained US central bank rate cuts, yet
Naira slides to 2-month low against dollar
The Nigerian naira has hit a two-month low, closing the week on a downward trend against the US dollar. According
Dangote Refinery To Sell Fuel At Reasonable Price
Aliko Dangote, Chairman of the Dangote Group, has assured that the Dangote Refinery will continue to sell premium motor spirit,
Nigeria Power Outage Hits Anambra State Sunday
Nigeria’s FirstPower Electricity Distribution Limited has announced a scheduled power outage in Anambra state, set to take place on Sunday,
Government Key to Economic Growth and Development
The Federal Ministry of Finance has emphasized the crucial role of government in driving sustainable economic development, citing the importance
Nigeria Road Contractors to Receive Payment by December 20
The Federal Government of Nigeria has moved to address the concerns of road contractors, assuring them that all outstanding payments
Soil management key to sustainable food production
The Nigerian government has emphasized the importance of strategic soil management in achieving sustainable food production, environmental quality, and agricultural
Markets await Fed rate cut decision amid mixed US data
Asian markets experienced a sluggish start to the weekend on Friday, following a lackluster performance from Wall Street. The mixed
Naira Depreciates Against US Dollar At Official Market
The Nigerian naira experienced a decline in value against the United States dollar on the official foreign exchange market on
Nigeria Ease of Doing Business: Lagos Tops Rankings
Nigeria’s Presidential Enabling Business Environment Council (PEBEC) has released its latest assessment of the country’s ease of doing business, with
Memory prices skyrocketing due to AI demand
The global memory chip market is experiencing a significant shortage, driven by surging demand from artificial intelligence (AI) data centers.