Nigeria withdraws TotalEnergies Chappal divestment deal consent
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the federal government has withdrawn its ministerial consent for the […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Africa Electricity Access Expands with 17 Countries Backing Reforms
Seventeen African governments have endorsed reforms and action plans to expand electricity access under Mission 300, a World Bank-led initiative
Russia proposes 5% tax on gambling stakes and higher VAT
The Russian Finance Ministry has unveiled a draft budget plan that introduces a new gambling tax and increases the standard
African Business News
Otedola Increases Stake In First HoldCo With ₦1.21bn Shares Purchase
Olufemi Otedola, Chairman of First HoldCo Plc, has increased his stake in the company by purchasing 39,313,379 units valued at
African Business News
Naira handling costs rise due to abuse
The Central Bank of Nigeria has launched a campaign to encourage responsible handling of the naira, warning that poor treatment
African Business News
Nigeria Oil Theft Report Refuted by NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disputed a report alleging oil theft worth N8.41 trillion. According to the
African Business News
US tariffs impact Europe economic growth
European economies are facing significant challenges, with the European Bank for Reconstruction and Development (EBRD) forecasting strained economic growth in
African Business News
Nigeria crude oil losses drop to 9600 barrels per day
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant reduction in daily crude oil losses, dropping to 9,600
African Business News
Nigeria Africa Minerals Investment Urged by Tinubu
President Bola Ahmed Tinubu has urged world leaders to invest in Nigeria and Africa’s mineral resources to diversify the global
African Business News
Meta Faces Fines Over Facebook Impersonation Scams
The Singapore government has issued a directive to Meta Platforms, ordering the company to implement measures to curb impersonation scams
African Business News
Nigeria Electricity Metering Reaches 148077 Customers
Nigerian Electricity Regulatory Commission Reports Progress in Metering Efforts The Nigerian Electricity Regulatory Commission (NERC) has released statistics showing that
Nigeria Metering: 148,077 Customers Metered in May June
Nigeria’s electricity distribution companies have made progress in metering customers, with 148,077 new meters installed in May and June 2025.