Airline ticket taxes earn Nigeria 62m in 2024 revenue
Nigeria generated $62 million from airline ticket taxes in 2024, according to newly released data by the International Air Transport […]
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.
Nigeria reserves hit 6-year high above $45 billion
Nigeria’s external reserves have reached a six-year high, surpassing the $45 billion mark. According to the Central Bank of Nigeria
Nigeria Gas Expansion Shell Nigeria Gas Limited
Shell Nigeria Gas Limited (SNG) has signed an agreement to supply gas to SG Industrial FZE, a steel company located
Pegasus Airlines buys Czech carrier Smartwings for £154m
Turkish low-cost carrier Pegasus Airlines has announced its agreement to acquire Czech airline Smartwings in a £154-million deal. The acquisition,
ChatGPT Vulnerabilities Expose Users to Data Leakage Attacks
The National Information Technology Development Agency (NITDA) has issued a warning about newly discovered vulnerabilities in ChatGPT, a popular AI-powered
Renaissance Energy Ends Gas Flaring in Nigeria
Renaissance Africa Energy Company Limited has launched its Southern Swamp Associated Gas Solutions (SSAGS) Project in Delta State, Nigeria, marking
Naira Stabilises Against US Dollar
The Nigerian Naira has stabilized against the US Dollar in both the official Nigerian Foreign Exchange Market and the parallel
BNP Paribas sells 25% stake in AG Insurance to Ageas
BNP Paribas has announced the sale of its 25% stake in AG Insurance to Ageas, a Belgian insurance giant, for
Nigeria Business Reforms Falter As Several Agencies Underperform
Nigeria’s Presidential Enabling Business Environment Council (PEBEC) has released a comprehensive assessment of the country’s ease of doing business reforms,
Nigeria Budget Framework Commended for Fiscal Realism
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Federal Government of Nigeria for adopting more conservative
Trump criticizes Netflix Warner Bros deal
US President Donald Trump has weighed in on Netflix’s proposed acquisition of Warner Bros., stating that the streaming giant’s already
Oil prices rise on expected US rate cut and supply risks
Oil prices have reached a two-week high as investors anticipate a potential interest rate cut by the US Federal Reserve,