Dangote’s CNG Trucks Aim to Cut Fuel Prices, Boost Nigeria’s Economy
Nigeria’s Dangote Refinery has launched a nationwide distribution initiative involving 4,000 Compressed Natural Gas (CNG)-powered trucks, aiming to overhaul the […]
African Business News
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NOGASA Resumes Gas Supply to Telecoms to Avert Network Shutdown
Nigeria’s gas suppliers have temporarily suspended plans to cut off critical fuel deliveries to telecom operators, reversing a decision that
Nigeria Oil Exports Surge as India Shuns Russian Crude
Nigeria is poised to see a surge in crude oil exports in the coming months as Indian refiners pivot away
Dangote Refinery Denies Shutdown Claims, Maintains N850/Litre PMS Price
Dangote Petroleum Refinery has firmly denied rumors of operational shutdowns, asserting that its 650,000-barrel-per-day facility in Nigeria remains fully functional
Nigeria’s FDI Plunges 70% in Q1 2025 Despite Rising Capital Inflows
Foreign direct investment in Nigeria plummeted by over 70% during the first quarter of 2025, signaling shifting priorities among global
Niger State Opens Africa’s Largest Shea Butter Facility to Boost Economy
In a move poised to elevate Nigeria’s role in the global shea trade, Salid Agriculture Nigeria Limited has inaugurated Africa’s
Naira Strengthens as Nigeria’s External Reserves Hit $40.16 Billion
The Nigerian naira extended its recent upward trend in the official foreign exchange market this week, bolstered by a steady
9mobile Rebrands as T2, Targets Digital-First Future
On August 8, 2025, Nigeria’s fourth-largest telecom operator, 9mobile, officially rebranded as T2 at an unveiling held in Lagos. The
NNPCL Increases Fuel Price to N945/Litre Again in 4 Days
Nigeria’s state-owned oil firm, the Nigerian National Petroleum Company Limited (NNPCL), has adjusted petrol pump prices for the second time
Dangote Refinery Hikes PMS Price to N850 per Litre Amid Market Adjustments
Nigeria’s Dangote Refinery has raised the ex-depot price of Premium Motor Spirit, commonly known as petrol, to ₦850 per litre,
US Tariffs on Gold Bars Hit Swiss Refiners, Roil Bullion Market
The United States has introduced tariffs on imports of gold bars, a move analysts warn could destabilize Switzerland’s refining industry
Federal Government Pays Second Tranche of N35,000 Wage Award Arrears
The Nigerian Federal Government has disbursed the second installment of delayed wage award payments to its employees, addressing part of