African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

2023 FG might pay N600bn as electricity subsidy NERC

Federal High Court Dismisses MAN’s Suit Against KEDCO’s Electricity Tariff Hike

By Ifunanya / July 22, 2024

Federal High Court Dismisses Suit Against Kano Electricity Tariff Hike In a landmark ruling, the Federal High Court sitting in […]

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Dangote Refinery Seeks Crude Oil From Libya, Angola Amid Nigeria's

Dangote Refinery Seeks Crude Oil From Libya, Angola Amid Nigeria’s Supply Challenge

By Ifunanya / July 22, 2024

Dangote Refinery Seeks Crude Oil Imports from Libya and Angola Amid Nigerian Supply Challenge In a bid to overcome a […]

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Dangote Urges FG to Revive N1.1 Trillion Anchor Borrowers' Programme

Dangote Urges FG to Revive N1.1 Trillion Anchor Borrowers’ Programme

By Ifunanya / July 21, 2024

Dangote Calls for Revival of Anchor Borrowers’ Programme to Boost Farmers’ Businesses In a recent visit to his fertiliser plant, […]

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Dangote Refuses to Invest in Nigeria's Steel Industry Amid Monopoly

Dangote Refuses to Invest in Nigeria’s Steel Industry Amid Monopoly Allegations

By Ifunanya / July 21, 2024

Dangote Group Abandons Nigerian Steel Industry Amid Monopoly Fears Aliko Dangote, the Chairman of Dangote Group, has announced that his […]

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Dangote Refinery Honors Late Access Bank CEO Herbert Wigwe

Dangote Denies Monopoly Allegations, Emphasizes Level Playing Field

By Ifunanya / July 21, 2024

Africa’s Richest Man Denies Monopoly Accusations Aliko Dangote, the renowned African billionaire, has refuted allegations of monopoly against his group […]

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Dangote Refinery Defends Quality of Petroleum Products Amid NMDPRA’s Inferior Claims

By Ifunanya / July 20, 2024

Dangote Refinery Dismisses Claims of Inferior Products, Blames Regulatory Authority Africa’s richest man, Aliko Dangote, has rejected claims by the […]

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Nigeria's Infrastructure Development Crisis: Minister Calls for Robust Investment

Nigeria’s Infrastructure Development Crisis: Minister Calls for Robust Investment

By Ifunanya / July 20, 2024

Nigeria’s Infrastructure Deficit: Minister Urges Robust Investment to Boost Economy In a bid to address the country’s crippling infrastructure deficit, […]

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CBN Increases Nigeria's External Reserves to $36.89 Billion

CBN Increases Nigeria’s External Reserves to $36.89 Billion

By Ifunanya / July 20, 2024

Nigeria’s External Reserves Surge to $36.89 Billion Amid Central Bank’s Policy Interventions Abuja, Nigeria – The Governor of the Central […]

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Naira depreciation continues amid EFCC raid on BDCs

Naira Under Pressure as Summer Holiday Demand for Foreign Currencies Surges

By Ifunanya / July 20, 2024

Nigerian Naira Under Pressure as Summer Holiday Demand for Foreign Currencies Surges The Nigerian Naira is facing intense pressure due […]

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CBN issues fresh guidelines to Customs on import clearance exchange

Nigeria Targets $1 Trillion Economy by 2030 with Economic Stability Commitment

By Ifunanya / July 20, 2024

Nigeria’s Central Bank Sets Ambitious Target of $1 Trillion Economy by 2030 The Central Bank of Nigeria (CBN) has announced […]

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