Lukoil sells foreign assets amid US sanctions
Russian oil major Lukoil has announced plans to divest its foreign assets following the imposition of Western sanctions on the […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Fuel Subsidy Removal Delays Cause Economic Hardship
Nigeria’s economic hardship is a result of the country’s failure to remove fuel subsidies over a decade ago, according to
African Business News
Nigeria industrial growth needs renewed commitment
Former Nigerian Senate President, Senator Anyim Pius Anyim, and former Sokoto State Governor, Senator Aliyu Wamakko, have joined several former
African Business News
Nestoil taken over by banks over $1bn debt
Nigerian banks have taken control of Nestoil Limited, a major energy company, due to an alleged debt of over $1
African Business News
Elon Musk launches Grokipedia to rival Wikipedia
Elon Musk’s company, xAI, has launched Grokipedia, a new online encyclopedia aimed at rivaling Wikipedia. The platform, which debuted on
African Business News
WTO Reform Needed Amid Trade Disruption
The World Trade Organization (WTO) is in need of reforms, according to its Director-General, Ngozi Okonjo-Iweala. Speaking at the Future
African Business News
Nigeria economy improves with rice price drop
Nigeria’s Minister of Finance, Wale Edun, has stated that the country is on the right economic path under President Bola
African Business News
NNPC Commits To Downstream Development In Nigeria
The Nigerian National Petroleum Company Ltd has reaffirmed its dedication to enhancing the country’s downstream sector through infrastructure development and
Nigeria Government Accused Of Manipulating Food Prices
The African Democratic Congress (ADC) has accused the Federal Government of Nigeria of manipulating food prices for political gain. According
African Business News
Nigeria Capital Gains Tax Reform Misrepresented
The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has refuted reports that foreign investors are
African Business News
Nigeria Leads Gas Exporting Countries Forum
The Minister of State for Petroleum Resources, Ekperikpe Ekpo, and Managing Director of Nigeria LNG Ltd, Dr. Philip Mshelbila, have
African Business News
Dangote Refinery expansion gets Tinubu support
Nigeria’s President Bola Tinubu has reaffirmed his administration’s commitment to supporting the Dangote Refinery’s planned expansion from 650,000 barrels per