Nigeria’s NSDC, 4 Firms Secure 400K Ton Sugar Production Deal
Nigeria has taken a major step toward reducing its reliance on imported sugar with a new initiative to boost domestic […]
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
Trump Delays China Tariffs with 90-Day Extension Amid Trade Talks
U.S. President Donald Trump has signed an executive order extending a suspension of higher tariffs on Chinese imports for 90
African Business News
World Bank Approves $300M for IDPs & Host Communities in Northern Nigeria
The World Bank has approved $300 million in funding to address the pressing needs of Internally Displaced Persons (IDPs) and
World Bank Approves $300m Aid for Nigeria’s IDPs, Northern Host Communities
The World Bank has greenlit $300 million in financial support to aid approximately 7.4 million Nigerians residing in internally displaced
Nvidia, AMD Forfeit 15% China Revenue for US Export Licenses
US semiconductor leaders Nvidia and AMD have reportedly agreed to surrender 15% of their revenue from China in exchange for
African Business News
Dangote Refinery 60 CNG Trucks to Slash Fuel Costs in Six Weeks
The Dangote Petroleum Refinery and Petrochemicals is set to receive 60 shiploads of Compressed Natural Gas (CNG)-powered trucks in the
China Urges US to Push for Trade Deal Before Truce Deadline
As a critical deadline in U.S.-China trade negotiations approaches, Beijing has called for constructive dialogue to ease ongoing tensions. On
African Business News
Sahara Group: Powering Africa’s Sustainable Energy Future Through Innovation & Equity
Sahara Group, a prominent energy and infrastructure conglomerate, has outlined a roadmap for Africa’s sustainable development in its 2024 Sustainability
Iran Seizes Fuel-Smuggling Tanker in Gulf, Arrests 17 Crew
Iranian authorities seized a foreign-flagged tanker and detained its 17-member crew this week over allegations of fuel smuggling in the
Port Harcourt Refinery Repairs: Oil Marketers Warn of Economic Fallout
Repairs at Nigeria’s Port Harcourt Refinery Stall Amid Funding Delays and Leadership Concerns Renewed frustrations have emerged over stalled repair
SNEPCo Empowers Africa’s Young Professionals in Energy Leadership Journey
Shell Nigeria Exploration and Production Company (SNEPCo) recently welcomed engineers and geologists from eight African nations to its Lagos offices,
NELFUND Disburses ₦86.3B in Loans to 449K Nigerian Students
The Nigerian Education Loan Fund (NELFUND) has distributed ₦86.3 billion (approximately $207 million*) to 449,039 students since launching its financial