Nigeria Monetary Policy Rate Remains 27%
The Central Bank of Nigeria’s Monetary Policy Committee has decided to maintain the country’s monetary policy rate at 27 percent. […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Customs Introduces Compulsory Drug Testing
The Nigeria Customs Service has introduced compulsory drug testing for all new recruits as part of its ongoing recruitment exercise.
African Business News
European job cuts rise amid economic slowdown
Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by US tariffs. According
African Business News
Dangote Refinery Expands Capacity to 1.4m Barrels Daily
Dangote Refinery has partnered with Honeywell to enhance its operations and increase refining capacity to 1.4 million barrels per day
Nigeria Fuel Prices May Rise Without Government Bailout
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has warned that the country’s filling stations may shut down
African Business News
Nigeria Electricity Supply Hits 5506MW in October
Nigeria’s power sector faces significant challenges, as a recent report by the Nigerian Electricity Regulatory Commission (NERC) reveals that only
African Business News
Nigeria Gas Explosion: FG Warns Illegal Operators
The Nigerian government has issued a stern warning to unauthorized gas retailers, threatening to take action against them. This comes
Ukraine peace talks send Rheinmetall stocks tumbling
Shares of German defense company Rheinmetall have declined significantly after the US proposed a peace plan to Ukraine, sparking concerns
African Business News
Stocks rise on AI rebound and interest rate cut hopes
US Stocks Experience Rebound on Hopes of Interest Rate Cut and AI Growth The US stock market saw a significant
African Business News
X Location Feature Exposes Global Troll Farms
Elon Musk’s social media platform, X, has introduced a new feature that reveals the location of its users, sparking controversy
Nigeria fuel price drop sparks concern among retailers marketers
Recent reductions in petrol prices in Nigeria have sparked excitement among citizens, but industry players warn that this development may
Naira Appreciates Against US Dollar Today
The Nigerian Naira has commenced the week on a positive note, gaining ground against the United States dollar at the