IMF forecasts global economic growth to slow slightly this year and next
The global economy is performing better than expected, despite facing prolonged uncertainty and underwhelming medium-term growth prospects, according to 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 commissions 2.2 million barrel Floating Storage Offshore vessel
Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel, the Cawthorne, with a 2.2 million-barrel capacity.
NNPCL responds to Senate audit queries on ₦210 trillion discrepancy
The Nigerian Senate has confirmed that the Nigerian National Petroleum Company Limited (NNPCL) has responded to 19 audit queries related
Nigeria blackout hits Lagos areas
The Transmission Company of Nigeria has announced a planned power outage in parts of Lagos State, affecting areas including Lekki,
Nigeria Labour Congress condemns Vice President over Dangote Refinery dispute
The Nigeria Labour Congress (NLC) has strongly condemned Vice President Kashim Shettima’s stance on the ongoing crisis between the Dangote
Nigeria Cooking Gas Prices Artificially High Amid Scarcity
The Nigerian Association of Liquefied Petroleum Gas Marketers has raised concerns over the artificial rise in cooking gas prices across
Oil prices rise despite oversupply fears
Oil prices experienced a notable increase on Wednesday, as investors shifted their focus away from concerns about oversupply and the
Ukraine Strikes Russian Oil Refineries
Ukraine Intensifies Strikes on Russian Oil Infrastructure, Weakening Moscow’s Financial Capacity Ukraine has escalated its attacks on Russian refineries and
Kano targets N15 billion monthly revenue by 2026
The Kano State Internal Revenue Service (KIRS) is implementing plans to increase its monthly revenue to N15 billion by 2026.
UK India Trade Deal Boosts Economic Ties
British Prime Minister Keir Starmer has arrived in India for a two-day visit, aiming to strengthen economic ties between the
Gold price breaks $4000 record amid US uncertainty
Gold prices have surpassed the $4,000 mark for the first time, driven by investor demand for safe-haven assets amidst expectations
Nigerian Stock Market Gains N110 Billion in Eight Consecutive Rises
The Nigerian stock market, formally known as Nigerian Exchange Limited, experienced a significant uptick on Tuesday, with investors garnering N110