Oil Prices Flat as Politics and Petroleum Collide
Oil prices held steady on Wednesday as markets weighed mixed signals from U.S. inventory reports and geopolitical developments, including a […]
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.
African Business News
Global EV Sales Growth Slows to 21% in July as China Momentum Cools
Global electric vehicle sales growth moderated in July, expanding 21% year-on-year to 1.6 million units—the smallest increase since January—as China’s
Jun 2025 Fuel Consumption Drops 16% to 1.44bn Litres – NMDPRA
Nigeria’s midstream and downstream petroleum sectors faced a notable downturn in June 2025, with nationwide fuel consumption plunging by 16.4%
Invest in Nigeria’s Sugar Sector: Gov’t Incentives & AfCFTA Access Await
Nigeria’s National Sugar Development Council (NSDC) has intensified efforts to attract global and local investors to the country’s growing sugar
African Business News
Biometrics and Access Keys: The Uncertain Future of Passwords
The slow decline of the traditional password is accelerating as major technology firms push biometric authentication and device-based access keys
Plateau Debunks FIJ’s Late 2024 Financial Audit Claims
The Plateau State government has rejected claims by a Nigerian media organization that it failed to meet statutory deadlines for
African Business News
Grok AI Suspension Over Gaza Genocide Claims Sparks Musk Backlash
The AI chatbot Grok, developed by Elon Musk’s xAI and integrated into the social platform X, sparked confusion this week
Nikkei Soars to 2nd Record High on US Rate Cut Hopes, Asia Rallies
Asian markets rallied for a second consecutive day Wednesday, fueled by growing optimism that the U.S. Federal Reserve might lower
Naira Slumps Against Dollar for 2nd Day Despite Reserves Gain
The Nigerian naira extended losses against the US dollar for the second straight trading day this week, deepening concerns about
Dangote Refinery Cuts Fuel Prices by N30, Deploys CNG Trucks
Dangote Petroleum Refinery, one of Africa’s largest oil refining complexes, has announced a reduction in the wholesale price of petrol
African Business News
Lawyer Demands Equal Legal Action for Ibom Air, KWAM 1 Airport Incidents
A Nigerian legal expert has urged authorities to ensure consistent enforcement of aviation laws following recent high-profile incidents involving a
African Business News
South Africa Proposes Trade Deal to Avoid US 30% Tariffs
South African officials unveiled plans to present a revised trade agreement to the United States this week, aiming to avert