Dangote doubts Ajaokuta Steel viability in Nigeria
Aliko Dangote, President and Chief Executive Officer of Dangote Refinery, has expressed skepticism about the viability of the Ajaokuta Steel […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Fed meeting sparks stock slide and dollar drop
Wall Street stocks declined on Tuesday as the US Federal Reserve commenced a two-day meeting, where it is anticipated to
Kaduna Partners Romania to Boost Irrigation Farming
The Kaduna State Government has signed a memorandum of understanding with the African Industries Group, a Romanian-based company, to develop
NUPENG accused of sabotaging Nigeria fuel prices with Dangote Refinery dispute
A dispute has erupted between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Dangote Refinery over
Dangote Refinery ships petrol to New York
Nigeria’s Dangote Refinery has achieved a significant milestone with the arrival of its premium motor spirit, PMS, in New York,
African Business News
TikTok Deal Reached Between US and China
The United States and China have reached a deal regarding TikTok, according to President Donald Trump. The agreement comes as
TikTok US ban averted with ownership transfer deal
A deal has been reached between US and Chinese negotiators regarding the future of TikTok in the US. The video
Nigeria debt eased by 39 percent since 2023
The Nigerian Presidency has addressed concerns over the country’s rising international debts, stating that the opposite is currently the case.
Nigeria Farmers Empowerment Programme Extended North
NNPC Foundation, the Corporate Social Responsibility arm of NNPC Ltd., has launched the second phase of its Vulnerable Farmers Training
African Business News
Nigeria Inflation Remains High Despite Drop
Nigeria’s inflation rate has decreased to 20.12% in August 2025, down from 21.88% in July, according to the National Bureau
Ford to cut 1000 jobs in Germany due to weak electric vehicle demand
Ford has announced plans to cut up to 1,000 jobs at its Cologne plant in Germany, citing weak European demand
African Business News
Innovation funding growth slows to 15 year low
Global innovation funding has experienced its slowest growth rate since 2010, according to projections from the United Nations. The World