Lukoil sanctions hit Nigeria operations
Lukoil, Russia’s second-largest oil producer, is facing disruptions to its international operations due to US sanctions. The company’s global footprint […]
African Business News
African Business News
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China Suspends Port Fees On US Vessels For One Year
China has announced the suspension of “special port fees” on US vessels for a period of one year, in tandem
Nigeria Fuel Tariff Hike Suspended
Nigerian Government Urged to Suspend 15% Import Tariff on Petrol and Diesel Public analyst Ezenwa Nwagwu has called on the
African Business News
BMW emissions scandal sparks Dutch lawsuit
A class-action lawsuit has been launched against BMW by the Dutch Consumer Association, alleging that the luxury carmaker falsified emissions
African Business News
Nigeria Invests $617m in Technology and Creative Sectors
The Federal Government of Nigeria’s Investment in Digital and Creative Enterprises (iDICE) programme is set to launch two additional funds
Liquefied Petroleum Gas Prices To Drop Further
The price of liquefied petroleum gas, commonly known as cooking gas, is expected to decrease further in the coming days,
African Business News
Diageo names new CEO amid US tariffs impact
Diageo, the multinational spirits company behind iconic brands such as Guinness beer and Smirnoff vodka, has announced the appointment of
Nigeria Power Grid Syncs with West Africa Network
The Nigerian Independent System Operator (NISO) has successfully completed a major synchronization test, linking the country’s electricity grid with the
African Business News
Eko Disco confirms Rekhiat Momoh as Managing Director
Eko Electricity Distribution Company (Eko Disco) has confirmed the appointment of Rekhiat Momoh as its new Managing Director and Chief
China US trade truce deepens with fee suspensions
China has announced the suspension of “special port fees” on US vessels for a period of one year, effective immediately.
African Business News
Nigeria Oil Revenue Falls 43 Percent Despite Production Rise
Nigeria’s oil revenue has declined by 43% despite a rebound in oil production, according to the latest Budget Implementation Report
African Business News
US Government Shutdown Causes Flight Delays
The US government shutdown has led to a significant increase in flight delays and cancellations, with over 2,800 flights canceled