African Business News

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Niger Revokes Orano’s Uranium Mine Licence Amidst Junta-France Tensions

By Ifunanya / June 21, 2024

Niger’s military government has revoked the operating licence of French nuclear fuel producer Orano at the Imouraren uranium mine, one […]

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Bilateral trade between Philippines, Nigeria surpasses $100m – Ambassador Mellejor

By Ifunanya / June 20, 2024

The Philippine ambassador to Nigeria, Meresole Mellejor, said bilateral trade between Nigeria and his country has surpassed more than a […]

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Nigeria Announces 17 Additional Deep Offshore Oil Blocks for 2024 Licensing Round

By Ifunanya / June 19, 2024

The Nigerian Federal Government has unveiled 17 additional deep offshore oil blocks for the 2024 Licensing Round, expanding opportunities for […]

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52544 nans gives multichoice seven days to reverse dstv gotv hike

MultiChoice Faces Tribunal Order, Reports Subscriber Losses in Nigeria Amid Price Rollbacks

By Ifunanya / June 17, 2024

MultiChoice, the parent company of GOtv, is grappling with significant challenges in Nigeria, including a sharp decline in its subscriber […]

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89667 customs boss re assures commitment to presidential directives on border closure

Nigerian Customs intercepted N4bn worth of drugs from Canada, and India in one month

By Ifunanya / June 15, 2024

The Nigeria Customs Service has said it has intercepted various hard drugs worth N4.1bn coming from Canada and India within […]

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Federal High Court Discharges Binance Officials in Tax Evasion Case

By Ifunanya / June 14, 2024

In a significant legal development, the Federal High Court in Abuja has dismissed tax evasion charges against Tigran Gambaryan and […]

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Nigeria Seeks $500 Million World Bank Loan to Boost Rural Roads and Tackle Food Price Hikes

By Ifunanya / June 14, 2024

The Nigerian federal government is seeking a $500 million loan from the World Bank to fix rural roads, improve access […]

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52544 nans gives multichoice seven days to reverse dstv gotv hike

Multichoice Blames Nigeria’s Economic Challenges for DStv Subscriber Decline

By Ifunanya / June 13, 2024

Multichoice Group, the African Pay-TV operator, has reported a significant decline in DStv subscribers, attributing this downturn to Nigeria’s ongoing […]

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Dangote investors gain N514bn after refinery takeoff

Dangote Group Pays $2.4 Billion of $5.5 Billion Loan for $19 Billion Refinery

By Ifunanya / June 13, 2024

The Chairman of Dangote Group, Aliko Dangote, has revealed that the company has paid off $2.4 billion out of the […]

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Nigeria’s May Crude Oil Production Declines to 1.25 Million bpd: OPEC

By Ifunanya / June 13, 2024

Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded […]

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