Nigeria secures $400m in oil sector decommissioning liabilities
Nigeria’s oil and gas sector is taking proactive steps to mitigate the risks associated with divestment, drawing lessons from costly […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Naira gains against dollar for third day
The Nigerian Naira has appreciated against the US dollar for the third consecutive day at the official foreign exchange market.
Nigeria Payments System Vision 2028 Launched
The Central Bank of Nigeria has initiated the development of a new strategic framework for the country’s payments ecosystem, introducing
Nigeria Customs seizes N13.5bn illicit drugs at Onne Port
Nigerian Customs Seize Large Shipment of Illicit Drugs Worth N13.5 Billion Operatives of the Nigeria Customs Service, Area II Command,
Nigeria grid collapse caused by generation company trip
The Nigerian government has provided an explanation for the national grid collapse that occurred on Wednesday, September 10, 2025, at
Nigeria Electricity Theft Crackdown Begins
The Nigerian Electricity Regulatory Commission (NERC) has announced plans to collaborate with the Economic and Financial Crimes Commission (EFCC) to
African Business News
Drunk Japan Airlines pilot causes flight delays and second warning
Japan Airlines has issued a public apology after a drunk pilot caused the delay of three flights, prompting a second
Novo Nordisk cuts 9000 jobs amid rising competition
Danish pharmaceutical giant Novo Nordisk has announced a significant restructuring plan, which includes cutting 11% of its global workforce. The
NNPCL CEO Ojulari Under Fire Over False Information
A public affairs analyst, Awaal Dairu, has stated that the Group Chief Executive Officer of Nigerian National Petroleum Company Limited,
Nigeria Debt Crisis Under Tinubu Administration
Nigeria’s Rising Debt Profile Under Scrutiny A renowned economist, Prof. Akpan Ekpo, has expressed concerns over Nigeria’s increasing debt burden,
African Business News
Nigeria Tax Reform Laws Published
The Nigerian government has officially published the country’s new tax reform laws in the government gazette, marking a significant overhaul
Nigeria bans shea nut exports
Nigeria’s recent ban on shea nut exports has sent shockwaves through the industry, with many producers expressing concern over the