Nigeria Tax ID mandatory for bank accounts from 2026
Nigeria has introduced a new requirement for individuals and entities seeking to open or operate bank accounts in the country. […]
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
Taiwan defence seeks $33 billion funding upgrade
Taiwan’s defence ministry is seeking a record $33 billion in special funding to upgrade the island’s defences against a potential
Naira depreciation against dollar resumes
The Nigerian Naira experienced a decline in value against the United States dollar at the official foreign exchange market on
Nigeria banking sector leads consumer complaints with N10 billion recoveries
The Nigerian banking sector has recorded the highest number of consumer complaints, according to the Federal Competition and Consumer Protection
NUPENG accuses Dangote brother of anti labour practices
The National Union of Petroleum and Natural Gas Workers (NUPENG) has accused Sayyu Dantata, the owner of MS Group and
Dangote Refinery cuts fuel price nationwide to N820
Dangote Refinery has announced a reduction in its premium motor spirit retail price nationwide. The 650,000-barrel-per-day refinery’s new gantry price
NUPENG strike Dangote Refinery breached agreement
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to resume its suspended strike action, accusing the
Nigeria crude oil losses drop to 16 year low
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant decline in the country’s crude oil losses, reaching a
African Business News
Nigeria Economy Sees Mixed Results in August PMI Report
The Central Bank of Nigeria (CBN) has released its latest Purchasing Manager Index (PMI) report, revealing a mixed bag of
African Business News
Nigeria insulin production plant deal signed with China
The National Biotechnology Research and Development Agency (NBRDA) has signed a Memorandum of Agreement (MoA) with China’s Shanghai Haiqi Industrial
Nigeria oil sector reforms boost transparency and investor confidence
Nigeria’s oil and gas sector is undergoing a significant transformation, driven by the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) introduction
African Business News
Turkey cuts key interest rate to 40.5 percent
Turkey’s central bank has lowered its main interest rate by 2.5 percentage points to 40.5 percent, exceeding expectations. This move