Nigeria Mining Licences Revoked Over Unpaid Fees
The Federal Government of Nigeria has revoked 1,263 mineral licenses due to non-payment of annual service fees. This decision affects […]
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.
Nigeria crude oil production drops 4.7 percent
Nigeria’s crude oil production experienced a decline in August, dropping to 1.63 million barrels per day, down from 1.71 million
African Business News
Kaduna power outage caused by tower collapse
The Transmission Company of Nigeria, TCN, has attributed the recent power outages in parts of Kaduna State, particularly Southern Kaduna,
Nigeria fights illegal mining with new RMRDC NSCDC alliance
Nigeria’s fight against illegal mining has received a significant boost with the collaboration between the Raw Materials Research and Development
African Business News
Zenith Bank profit rises to ₦625 billion
Nigeria’s Zenith Bank Plc has announced a profit before tax of ₦625.63 billion for the first half of 2025, marking
African Business News
NCAA sanctions Qatar Airways for passenger mistreatment
The Nigerian Civil Aviation Authority (NCAA) has announced its intention to impose sanctions on Qatar Airways due to allegations of
Naira strengthens against US dollar across markets
The Nigerian naira has experienced a significant appreciation against the US dollar in both official and parallel foreign exchange markets.
Flutterwave reorganises risk management leadership team
Flutterwave, a prominent payments technology company, has announced a strategic reorganization of its leadership team in risk management, compliance, regulatory,
African Business News
TikTok Deal Trump China Talks
US President Donald Trump has hailed a recent phone call with Chinese counterpart Xi Jinping, citing progress on several key
Edo Tax Authorities Seal Market Square Over N27m Debt
The Edo State Internal Revenue Service has taken enforcement action against Market Square, also known as Sunday Foods, in Benin
EU sanctions Russia with 19th package targeting energy sector
The European Commission has introduced its 19th package of restrictions against Russia, which requires unanimous approval from all 27 EU
Trump and Xi discuss TikTok trade deal
US President Donald Trump and Chinese leader Xi Jinping held a phone call on Friday to discuss the future of