TotalEnergies partners in Namibia oil field deal
TotalEnergies has announced a partnership deal with Galp to develop the Mopane oil field off the coast of Namibia. The […]
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.
NNPC records highest crude oil production in 30 years
The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited, has achieved a significant milestone, recording its highest
African Business News
Microsoft invests $17.5 billion in India artificial intelligence infrastructure
Microsoft has announced plans to invest $17.5 billion in India to support the country’s artificial intelligence infrastructure. This investment, described
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
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