Rare Earth Magnets India Approves $800m Production Plan
India has approved an $815.3 million plan to boost the production of rare earth magnets, aiming to reduce its dependence […]
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 Gas Output Doubles with Innovative Well Intervention
The NNPC/Heirs Energies OML 17 Joint Venture has successfully completed a pioneering rigless recompletion of a non-associated gas well, resulting
CBN Recapitalisation Deadline Looms for 14 Nigerian Banks
The Central Bank of Nigeria’s recapitalisation deadline is approaching, with 14 commercial banks yet to meet the required capital base.
African Business News
Venezuela bans airlines over US warning
Venezuela’s aviation authority has banned several airlines from operating in the country, accusing them of “terrorism” after they suspended flights
NNPC Donation Supports Cancer Treatment Machine Maintenance
The Nigerian National Petroleum Company (NNPC) Limited and Renaissance Joint Venture have donated $300,000 to the National Hospital in Abuja
African Business News
Intel rejects TSMC trade secrets allegations
Intel has denied allegations that a former TSMC executive, Lo Wei-jen, shared trade secrets with the US chipmaker after joining
African Business News
Women in Energy Network Marks 5 Years of Impact
The Women in Energy Network (WIEN) held its Annual General Meeting (AGM), marking five years of significant impact and a
African Business News
Asian stocks rise as US interest rate cut bets increase globally
Asian Stocks Rise as Investors Bet on US Interest Rate Cut Asian markets continued their upward trend on Thursday, extending
Drone strike hits Iraq gas complex disrupting power supply
A drone strike targeted a gas complex in Iraq’s autonomous Kurdistan region on Wednesday, disrupting the gas supply to power
Naira gains against US dollar for third day straight
The Nigerian Naira has recorded its third consecutive appreciation against the United States dollar at the official foreign exchange market.
Australia greenhouse gas emissions target at risk
Australia’s greenhouse gas emissions reduction targets are at risk of being missed, according to a government report released on Thursday.
Meta Failed to Act on Sex Trafficking Accounts Amid 17 Strike Policy
Meta, the parent company of Facebook, has been accused of failing to act promptly on accounts involved in sex trafficking,