Intel invests $208 million in Malaysia semiconductor operations
Intel Invests $208 Million in Malaysian Operations, Strengthening Global Semiconductor Supply Chain US chipmaker Intel is set to invest an […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Petrol price drops 11 percent to N1052 per litre
The National Bureau of Statistics has released its latest reports on fuel prices in Nigeria, revealing a decrease in the
Nigeria oil profit soars to N5.4 trillion
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a significant increase in its Profit After Tax, reaching $5.4
Nigeria Economy Expands 12th Month
Nigeria’s economy has sustained its growth trajectory, with the Composite Purchasing Managers’ Index (PMI) increasing to 56.4 points in November.
Nigeria Economy Expands With 56.4 PMI
Nigeria’s economy has maintained its growth trajectory, with the Composite Purchasing Managers’ Index (PMI) rising to 56.4 points in November.
Nigeria Petroleum Revenue Hits ₦8.79 Trillion
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant increase in revenue remittances to the Federation Account, with
Mozambique LNG funding withdrawn by UK over climate concerns
The African Energy Chamber has criticized the UK’s decision to withdraw $1.15 billion in funding from the Mozambique LNG project,
Stocks steady after Japan rate hike fears spark bond selloff
Global financial markets experienced a muted day on Tuesday, as traders exercised caution following a decline in cryptocurrencies and a
Cyber Monday online sales reach $17.3 billion
Cyber Monday has come to a close, with shoppers spending $17.3 billion online, according to Salesforce data. This marks the
Nigeria Launches 50 Oil Block Licensing Round Worth $10 Billion
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched the 2025 licensing round for 50 oil blocks, aiming to attract
Coupang data leak sparks South Korea probe
South Korea’s President Lee Jae Myung has ordered swift action to penalize those responsible for a major data leak at
Apple AI leader steps down amid tech giant struggles
Apple’s artificial intelligence team is undergoing a significant change, with the current head, John Giannandrea, set to retire early next