Nigeria Natural Gas Price Rises To $2.18 For Power Plants
Nigeria’s Midstream and Downstream Petroleum Regulatory Authority has raised the domestic price of natural gas supplied to electricity generation companies […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Afreximbank Underwrites $2.5B Dangote Refinery Loan
The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum
Nigeria IsDB Partnership Fuels Investment-led Growth
Nigeria has signalled a strategic pivot toward investment-led economic growth, announcing expanded collaboration with the Islamic Development Bank (IsDB) during
German Economy Growth Forecast Halved Over Energy Shock
Leading German economic research institutes have sharply reduced the country’s 2026 growth forecast to 0.6 per cent, down from a
Lagos Economic Outlook 2026 Unveiled To Drive Shared Growth
Lagos State Governor Babajide Sanwo-Olu has launched the 2026 edition of the Lagos Economic Development Update (LEDU), a policy assessment
NLC Shuts AEDC Offices Over Mass Sacking Of 900 Workers
The Nigeria Labour Congress (NLC) has sealed the offices of the Abuja Electricity Distribution Company (AEDC) across the Federal Capital
Naira Opens at ₦1,385 Per Dollar on Steady FX Supply
The Nigerian naira opened trading at ₦1,385.27 against the US dollar on Wednesday at the Nigerian Foreign Exchange Market (NFEM),
Nigerian Banks Achieve 96% CBN Recapitalisation Compliance
The Association of Corporate Affairs Managers of Banks (ACAMB) has acknowledged the Nigerian banking sector’s high compliance rate with the
Nigeria Transport Fares Surge Sharply in February 2026
Nigeria’s transport costs increased across multiple modes in February 2026, according to the National Bureau of Statistics (NBS) Transport Fare
Power Minister Adelabu Faces Removal Amid Persistent Blackouts
Persistent electricity blackouts across Nigeria have intensified demands that President Bola Ahmed Tinubu remove Power Minister Adebayo Adelabu from office,
FGN Bond Auction Posts 4.28% Oversubscription in March 2026
The Federal Government of Nigeria March 2026 bond auction recorded a 4.28 percent oversubscription, reflecting sustained investor interest in domestic
NLNG New MD Adeleye Falade Officially Assumes Office
Adeleye Falade has officially assumed the role of Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), taking