Nigeria Oil Production Boosted by Reduced Signature Bonus
The Nigerian government has reduced the signature bonus for oil production from $100 million to $10 million, a move aimed […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
UK LNG imports rise amid 50-year low domestic gas production
The UK is facing a significant decline in domestic gas production, which has dropped to a 50-year low. According to
Nigerian Postal Service offers 15% logistics discount to SMEs
The Nigerian Postal Service has introduced a 15 percent logistics discount for over 20,000 small and medium enterprises registered with
Global debt to exceed economy size by 2029 warns IMF chief
The International Monetary Fund (IMF) has warned that global public debt could exceed the size of the world economy within
African Business News
Nigeria Poverty Report Rejected By Presidency
The Nigerian Presidency has disputed the latest economic report from the World Bank, which estimates that 139 million Nigerians live
Nigeria oil theft costs $3.3bn
Nigeria has lost a substantial amount of revenue due to oil theft and pipeline sabotage, according to the Nigerian Extractive
African Business News
Nigeria Meets Obligations for $5bn African Energy Bank
Nigeria has fulfilled its obligations for the establishment of the African Energy Bank, according to President Bola Ahmed Tinubu. The
African Business News
Nigeria oil licence holders without capacity should exit sector
Nigerian President Bola Ahmed Tinubu has cautioned marginal oil field licence holders in the country to reassess their capabilities and
African Business News
Nigeria telecom shutdowns threaten digital future
Nigeria’s National Security Adviser, Nuhu Ribadu, has cautioned state governments against closing down telecommunications sites due to revenue or local
African Business News
NUPENG leader denies using police to resolve internal disputes
The National Union of Petroleum and Natural Gas Workers, NUPENG, has denied allegations that it is using law enforcement and
African Business News
Nigeria Ponzi scheme alert AfriQuantumX scam warning issued
The Nigerian Securities and Exchange Commission (SEC) has identified AfriQuantumX, a firm claiming to be worth N76 billion, as a
African Business News
Naira Appreciates Against US Dollar at Official Market
The Nigerian Naira has appreciated against the United States dollar at the official market for the first time in three