African Business News

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Nigerian National Petroleum Company Wellhead on Fire in Rivers State

NUPRC Seeks Stakeholder Input on Domestic Crude Supply Obligations Regulations Amendment

By Ifunanya / August 9, 2024

Nigeria’s Uphstream Petroleum Regulatory Commission Set to Amend Domestic Crude Supply Regulations The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has […]

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Naira depreciation continues amid EFCC raid on BDCs

Naira Strengthens Against Dollar at Official and Parallel Markets

By Ifunanya / August 9, 2024

Naira Continues its Rise Against the Dollar in Both Official and Parallel Markets In a further indication of economic stability, […]

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Arik Air Operations Resume as Dispute with Atlas Petroleum is

Arik Air Operations Resume as Dispute with Atlas Petroleum is Resolved

By Ifunanya / August 8, 2024

Arik Air’s Planes Lifted Grounding, Operations Resume The Federal Government of Nigeria has lifted the suspension on Arik Air’s operations, […]

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Nigeria's Mass Anguish: Protesters Demand Justice as Economic Woes Deepen

Tinubu Reveals N2tn Monthly Fuel Import Cost, Unveils CNG Plan

By Ifunanya / August 8, 2024

Nigeria Spends N2tn Monthly on Imported Petrol and Diesel, Says President Tinubu President Bola Tinubu has revealed that Nigeria spends […]

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Tomatoes and Pepper Prices Plummet 57% Amid Nigerian Protests

Tomatoes and Pepper Prices Plummet 57% Amid Nigerian Protests

By Ifunanya / August 8, 2024

Prices of Tomatoes and Pepper Plummet Amid Hunger Protests in Nigeria In a surprising turn of events, the prices of […]

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NNPC CEO Denies Involvement in Substandard Fuel Importation, Seeks Live

NNPC CEO Denies Involvement in Substandard Fuel Importation, Seeks Live Telecast of Committee Sessions

By Ifunanya / August 7, 2024

NNPC Chief Executive Denies Role in Substandard Petroleum Product Imports Mele Kyari, the Group Chief Executive Officer (GCEO) of the […]

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CBN Sells $876M to 26 Banks at Cut Off Rate of

CBN Sells $876M to 26 Banks at Cut-Off Rate of N1495 Per Dollar

By Ifunanya / August 7, 2024

Nigeria’s Central Bank Sells $876.26 Million to Banks at Cut-Off Rate of N1495 Per Dollar The Central Bank of Nigeria […]

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Nigeria’s Billionaires: Time to Shift from Conspicuous Consumption to Impactful Philanthropy

By Ifunanya / August 7, 2024

Bloomberg’s Philanthropic Efforts Inspire a Mindset Shift in Nigeria In a groundbreaking move, Bloomberg Philanthropies has announced a transformative $600 […]

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Egyptian Pound Plunges to 49.16 Against US Dollar Amid Inflation

Egyptian Pound Plunges to 49.16 Against US Dollar Amid Inflation and Fuel Price Hikes

By Ifunanya / August 7, 2024

Egyptian Pound Slides Against Foreign Currencies, Approaching 50 Per US Dollar The Egyptian pound has continued its downward trend, hitting […]

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Nigeria's Food Inflation Crisis: The Shift to Cheaper Substitute Food

Nigeria’s Food Inflation Crisis: The Shift to Cheaper Substitute Food

By Ifunanya / August 7, 2024

Nigerians Turn to Local, Cheaper Food Options Amid High Inflation Subheading: As food prices soar, many Nigerians are embracing traditional, […]

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