Nigeria crude oil pipeline receipts near 100 percent
Nigeria’s crude oil pipeline and terminal receipts have nearly reached 100% due to enhanced security measures, according to Bayo Ojulari, […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Bond Auction Raises ₦136 Billion
The Nigerian Debt Management Office (DMO) has successfully raised ₦136.16 billion from its latest Federal Government of Nigeria (FGN) bond
African Business News
Australia suspends US postal deliveries due to tariffs
Australia has joined a growing list of countries suspending postal deliveries to the United States, citing a complex situation surrounding
African Business News
India Faces 50% US Tariffs on Exports Over Russian Oil Purchases
Indian Exports to US Face High Tariffs Amid Russia Oil Dispute Indian exports to the United States are set to
Petrobras Returns to Nigeria After 5 Years
President Bola Tinubu has successfully secured the return of Petrobras, Brazil’s state-owned oil company, to Nigeria after a five-year absence.
African Business News
China Gas Dispute Sparks Japan Protest
Japan has lodged a formal protest with China over the discovery of efforts to develop gas fields in disputed waters
African Business News
Nigeria oil output rises 10% year on year
Nigeria’s oil production has seen a significant increase, with output rising to 1.71 million barrels per day in July 2025.
African Business News
Elon Musk sues Apple and OpenAI over AI market monopoly
Elon Musk’s artificial intelligence startup, xAI, has filed a lawsuit against Apple and ChatGPT maker OpenAI in a US federal
African Business News
Boeing aircraft deal worth $50 billion agreed
Korean Air has announced its intention to purchase over 100 Boeing aircraft, marking the largest deal in South Korea’s aviation
Nigeria FOB fee sparks outrage among manufacturers
Nigeria’s manufacturing sector is opposing the recent reintroduction of a 4% Free on Board (FOB) fee by the Nigeria Customs
Nigerian stock market gains N285 billion
The Nigerian Exchange Limited commenced the week on a positive note, with investors witnessing a significant gain of N285 billion
African Business News
Nigeria Electricity Regulatory Oversight Transferred To Bayelsa State Agency
The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the electricity market in Bayelsa State to the