African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

EU commits €1bn to support AfCFTA implementation

EU commits €1bn to support AfCFTA implementation

By Ifunanya / June 23, 2025

The Head of Cooperation at the Delegation of the European Union (EU) to Nigeria and ECOWAS, Mr. Massimo De Luca, […]

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Israel-Iran war: Nigerian petrol marketers increase fuel price 2 times in 1 week

Israel-Iran war: Nigerian petrol marketers increase fuel price 2 times in 1 week

By Ifunanya / June 23, 2025

Nigerian petroleum product marketers have increased the price of motor spirit two consecutive times in less than one week. Media […]

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Transparency in PIA can unlock investment in oil sector - Stakeholders assess NUPRC

Transparency in PIA can unlock investment in oil sector – Stakeholders assess NUPRC

By Ifunanya / June 23, 2025

Experts and civil society representatives have asserted that the effective implementation of the Petroleum Industry Act, PIA, could unlock long-term […]

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NNPCL names new senior management team

NNPCL increases fuel price – Media Talk Africa Nigeria

By Ifunanya / June 23, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has increased its premium motor spirit price. Media Talk Africa correspondent who went […]

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Israel, Iran War: Global oil price surge sparks fear of Nigerian petrol affordability

Israel-Iran: Global oil price rises by near 3% after US strike

By Ifunanya / June 23, 2025

Global oil prices spiked by over 2 percent after the United States of America bombed Iran’s three nuclear sites. Oilprice.com […]

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War: Oil prices to skyrocket again as US joins Israel against Iran

US Strike on Iran Sparks Fears of Soaring Oil Prices and Escalating Middle East Conflict

By Ifunanya / June 22, 2025

Global Oil Prices Set to Soar as US Enters Israel-Iran Conflict In a dramatic escalation of the Middle East conflict, […]

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Nigerian govt secures London Heathrow Airport slot for Air Peace - Keyamo 

Nigerian govt secures London Heathrow Airport slot for Air Peace – Keyamo 

By Ifunanya / June 22, 2025

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has explained how the country secured a Heathrow slot for its […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Dangote Refinery partner, MRS filling station increases fuel price

By Ifunanya / June 22, 2025

Dangote Refinery partner, MRS filling stations, has increased its premium motor spirit pump price. MRS disclosed this in a new […]

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Russia on verge of recession – minister — RT Business News

Russia on Brink of Recession Amid Sanctions and Economic Cooling

By Ifunanya / June 21, 2025

Russia’s economy is teetering on the edge of a recession, according to Economic Development Minister Maksim Reshetnikov. Despite showing remarkable […]

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Naira continues depreciation against dollar

Naira Appreciates Against Dollar After Three-Day Depreciation Streak

By Ifunanya / June 21, 2025

Naira Sees Uptick Against Dollar, Breaking Three-Day Slide In a welcome turn of events, the Nigerian naira experienced a significant […]

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Fuel price: Fear grips petroleum product stakeholders as Dangote Refinery pushes for monopoly

Petrol marketers increase fuel prices in Nigeria

By Ifunanya / June 20, 2025

Nigeria’s petroleum product marketers and filling station owners have increased the price of Premium Motor Spirit, Media Talk Africa reports […]

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REA partners with FCMB to launch ₦100 billion financing facility to accelerate electricity access for two million households

REA partners with FCMB to launch ₦100 billion financing facility to accelerate electricity access for two million households

By Ifunanya / June 20, 2025

June 20, 2025: Lagos, Nigeria – In a landmark move to bolster electricity access for millions of Nigerians, the Rural […]

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'We’ll have cheaper oil’ - IPMAN backs Dangote Refinery's distribution plan

‘We’ll have cheaper oil’ – IPMAN backs Dangote Refinery’s distribution plan

By Ifunanya / June 20, 2025

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that the recent plan by the Dangote Refinery to distribute […]

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Two Nigerian companies push NGX to N405bn gain

Investors gain N677bn as Nigerian stock market continues uptrend

By Ifunanya / June 20, 2025

Investors recorded a N677 billion gain as the Nigerian stock market continued on a bullish trend on Thursday. This comes […]

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BREAKING: Again, Dangote refinery slashes petrol prices nationwide

Fuel price: MEMAN mulls discussion with Dangote Refinery, regulators on petrol distribution

By Ifunanya / June 20, 2025

The Major Energies Marketers Association of Nigeria has said that it plans to initiate discussion with Dangote Refinery and regulators […]

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Dangote Refinery increasingly relies on US crude oil imports amid domestic supply shortages - Aliko

Dangote Refinery increasingly relies on US crude oil imports amid domestic supply shortages – Aliko

By Ifunanya / June 20, 2025

The President of Dangote Group, Aliko Dangote, has blamed the low supply of domestic crude oil for Dangote Refinery’s increasing […]

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Rivers: Fubara drafted 85% of N1.48 trillion 2025 budget by Sole Administrator

By Ifunanya / June 20, 2025

The Nigerian Senate has said that about 85 percent of the N1.48 trillion 2025 Rivers State budget submitted by its […]

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FGN Green Bond records N91.42bn subscription - DMO

FGN Green Bond records N91.42bn subscription – DMO

By Ifunanya / June 20, 2025

Nigeria’s federal government’s third Sovereign Green Bond recorded an oversubscription of N91.42 billion, which is above the N50 billion offer […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues to depreciate against dollar

By Ifunanya / June 20, 2025

The naira continued its depreciation streak against the dollar at the official foreign exchange market on Thursday. According to the […]

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All you need to know about missing N210tn in NNPCL

All you need to know about missing N210tn in NNPCL

By Ifunanya / June 19, 2025

The Nigerian Senate on Wednesday, raised an alarm over the missing N210 trillion in the Nigerian National Petroleum Company Limited […]

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