Airbus A320 software update affects fewer jets
Airbus has announced that fewer than 100 of its A320 jets remain grounded for a software update, following an alert […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria excise duty hike on beverages opposed by CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Nigerian Senate to abandon its proposal to increase
Bitcoin price plummeting below $90,000 again amid crypto crash losses
Bitcoin’s value has fallen below $90,000, marking a significant decline since the 2021 crypto crash. The cryptocurrency extended its losses
African Business News
TotalEnergies Sells Stake to Chevron in Nigeria Oil Deal
TotalEnergies has announced the sale of a 40% stake in two offshore exploration licenses in Nigeria to Chevron, in a
Nigeria’s Best SME Bank FCMB Wins Award
First City Monument Bank (FCMB) has been recognized as Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute
Africa Energy Demand Set to Surge by 2050 Amid Growing Population
Africa is poised for significant growth in its demand for refined energy products, with projections indicating a surge from approximately
Oil prices rise after OPEC output decision
Oil prices have risen following a reaffirmation by OPEC+ members to maintain their current output levels. As of 0501 WAT
OPEC maintains Nigeria oil production quota at 1.5 million bpd
OPEC and its allies, including Russia, have agreed to maintain Nigeria’s crude oil production quota at 1.5 million barrels per
Dangote Refinery to Supply 50m Litres Daily
Dangote Petroleum Refinery has announced plans to supply 50 million litres of Premium Motor Spirit (PMS) daily to the Nigerian
FCMB launches mobile app investment feature for mutual funds
FCMB Launches Mobile App Investment Feature for Mutual Funds First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc,
Dangote Refinery Commits To 50 Million Liters Daily Petrol Supply
Dangote Refinery has pledged to significantly increase its supply of petrol to the Nigerian market, aiming to provide 50 million
Arms sales reach record $679 billion driven by Ukraine war
The global arms industry has reached a record high, with the world’s top 100 arms makers generating $679 billion in