African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
KitKat Stolen in Europe: 12 Tonnes, Easter Shortage Risk
A large-scale theft of Nestlé’s KitKat chocolate bars has occurred in Europe, with the company warning the incident could lead
Tinubu Vows Nigeria Power Boost with 1500MW Grid Injection
President Bola Tinubu has assured Nigerians that recurring power outages will improve in the coming days, citing ongoing government interventions
Naira Gains N26 Against US Dollar in Official Market
The Nigerian Naira strengthened against the US dollar at the official foreign exchange market, closing the week on a positive
Judge Blocks Pentagon Retaliation Against AI Firm Anthropic
A US federal judge has temporarily blocked the Pentagon from designating AI firm Anthropic as a national security risk and
African Business News
Dangote Refinery Cuts Petrol Price to ₦1,200 Per Litre
The Dangote Petroleum Refinery and Petrochemicals has lowered its ex-depot, or gantry, price for premium motor spirit (PMS) to ₦1,200
NMDRA import licenses risk low-quality fuel in Nigeria
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA) has granted petrol import licenses to six marketers, a decision that
Dangote Refinery Petrol Price Cut to Bring Nigeria Fuel Relief
Nigerians are set to see a reduction in pump prices following a cut by the Dangote Refinery, a move expected
Nigerian stock market sustains bullish run with N20bn gain
The Nigerian equities market maintained its upward trajectory for a third consecutive session on Thursday, with investors recording a net
Nigeria Foreign Reserves Drop $499.46m in Two Weeks
Nigeria’s foreign reserves fell by $499.46 million to $49.53 billion in less than two weeks, according to Central Bank of
Naira Appreciates Against Dollar in Official Forex Market
The Nigerian Naira strengthened against the US dollar in the official foreign exchange market on Thursday, recovering ground after a
Naira Appreciates in Official Market Against US Dollar
The Nigerian Naira strengthened against the US dollar in the official foreign exchange market on Thursday, recovering a day after