Red Bull faces EU antitrust probe over market abuse
The European Union has launched an antitrust investigation into Red Bull, the Austrian energy drink manufacturer, over concerns that the […]
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 oil licensing round boosts investor confidence
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the opening of the 2025 oil licensing round, a move that
Toyota Recalls 126691 Vehicles Over Engine Stalling Issue
The United States National Highway Traffic Safety Administration has announced a recall of 126,691 vehicles manufactured by Toyota, comprising Tundra
African Business News
UK economy slows to 0.1 percent growth
The UK’s economic growth slowed down in the third quarter, according to official data released on Thursday. The country’s gross
TikTok faces lawsuit over copyright infringement claims
The French trade group representing authors and screenwriters, the Society of Dramatic Authors and Composers (SACD), has initiated legal action
African Business News
Nigeria Scraps 15% Import Duty on Petrol and Diesel
The Nigerian government has announced that it will no longer implement a planned 15% import duty on petroleum products, including
African Business News
Airtel Africa Announces Andrew Green Retirement
Airtel Africa has announced the upcoming retirement of its Senior Independent Non-Executive Director, Andrew Green, effective January 29, 2026. This
African Business News
Spain fines X 5m euros over cryptocurrency ads rule breach
Spain’s securities regulator, the CNMV, has imposed a fine of five million euros on social media platform X for non-compliance
Nigeria suspends 15% petrol import duty implementation
The Nigerian government has suspended the implementation of a 15% import duty on premium motor spirit and automotive gas oil,
African Business News
India unveils $5 billion export plan amidst US tariffs
India has introduced a $5 billion plan to enhance its export competitiveness in response to the economic pressure exerted by
Nigeria Petroleum Supply Sufficient Amid Festive Demand
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has moved to reassure the public of adequate petroleum product supplies, warning
Nigerian Stock Market gains N2.59 trillion in single day rebound
The Nigerian Exchange Limited (NGX) experienced a significant rebound on Wednesday, with a single-day gain of N2.59 trillion. This uptrend