African Business News

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Nigeria Mining Licences Revoked Over Unpaid Fees

By Ifunanya / September 21, 2025

The Federal Government of Nigeria has revoked 1,263 mineral licenses due to non-payment of annual service fees. This decision affects […]

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Transparency in PIA can unlock investment in oil sector - Stakeholders assess NUPRC

Nigeria crude oil production drops 4.7 percent

By Ifunanya / September 21, 2025

Nigeria’s crude oil production experienced a decline in August, dropping to 1.63 million barrels per day, down from 1.71 million […]

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Kaduna power outage caused by tower collapse

By Ifunanya / September 21, 2025

The Transmission Company of Nigeria, TCN, has attributed the recent power outages in parts of Kaduna State, particularly Southern Kaduna, […]

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Nigeria's Raw Materials Council, NSCDC collaborate to tackle illegal mining

Nigeria fights illegal mining with new RMRDC NSCDC alliance

By Ifunanya / September 21, 2025

Nigeria’s fight against illegal mining has received a significant boost with the collaboration between the Raw Materials Research and Development […]

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Zenith Bank profit rises to ₦625 billion

By Ifunanya / September 20, 2025

Nigeria’s Zenith Bank Plc has announced a profit before tax of ₦625.63 billion for the first half of 2025, marking […]

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NCAA sanctions Qatar Airways for passenger mistreatment

By Ifunanya / September 20, 2025

The Nigerian Civil Aviation Authority (NCAA) has announced its intention to impose sanctions on Qatar Airways due to allegations of […]

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Naira continues depreciation against dollar

Naira strengthens against US dollar across markets

By Ifunanya / September 20, 2025

The Nigerian naira has experienced a significant appreciation against the US dollar in both official and parallel foreign exchange markets. […]

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Flutterwave announces leadership changes to strengthen risk, compliance, regulatory, legal functions

Flutterwave reorganises risk management leadership team

By Ifunanya / September 20, 2025

Flutterwave, a prominent payments technology company, has announced a strategic reorganization of its leadership team in risk management, compliance, regulatory, […]

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TikTok Deal Trump China Talks

By Ifunanya / September 20, 2025

US President Donald Trump has hailed a recent phone call with Chinese counterpart Xi Jinping, citing progress on several key […]

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Edo Revenue Service shuts Market Square over N27m tax debt

Edo Tax Authorities Seal Market Square Over N27m Debt

By Ifunanya / September 20, 2025

The Edo State Internal Revenue Service has taken enforcement action against Market Square, also known as Sunday Foods, in Benin […]

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