Niger Assembly Sanctions Erring LGs for Improper Revenue Remittance
In a move to strengthen fiscal responsibility, Niger State’s legislative body has approved stringent measures against local government councils found […]
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
Dangote Refinery Drops ₦100bn Lawsuit Against NNPC, NMDPRA
Dangote Petroleum Refinery has abruptly withdrawn its high-profile lawsuit against Nigeria’s state-owned oil regulator, national energy company, and several independent
African Business News
Nigeria’s July Bond Auction Sees Strong ₦186bn Investor Demand
Nigeria’s Debt Management Office (DMO) reported robust investor interest in its latest federal bond auction, with approximately ₦186 billion ($119
Most Sanctions on Russia Ineffective as BRICS Trade Grows, Oil Cap Fails
Western sanctions targeting Russia over its actions in Ukraine have largely failed to achieve their intended impact, with many restrictions
Naira Strengthens Officially as Black Market Dips Against Dollar
The Nigerian naira extended its gains against the US dollar for a second straight day in official trading on Tuesday,
Nigeria Must Resolve Power Crisis to Boost Economy, Says Rewane
Nigeria’s persistent electricity shortages risk derailing the country’s economic progress unless immediate, systemic reforms are implemented, according to Bismarck Rewane,
CAC to Delist 100k Firms Over Inactivity, CAMA Non-Compliance
Nigeria’s Corporate Affairs Commission (CAC) has announced plans to remove approximately 100,000 companies from its official register for failing to
Samsung Slips Despite Tesla AI Chip Deal, Texas Yields Eyed
Samsung Electronics faced a turbulent day on South Korean stock markets Tuesday, with shares initially slipping over 2% before stabilizing
Stocks Fall on Tariff Concerns as Focus Shifts to Fed, Earnings
Global stock markets retreated Tuesday as optimism over recent U.S. trade agreements with the European Union and Japan gave way
Russia Bans Gasoline Exports Through Aug to Stabilize Domestic Market
Russia has enacted a comprehensive ban on gasoline exports, expanding restrictions to include all petroleum producers in an effort to
Oil Prices Rally as US-EU 15% Tariff Deal Eases Trade War Concerns
Oil prices climbed moderately on Monday as markets responded to eased trade tensions between the United States and the European
Eterna Plc Reports 71% Revenue Growth, Ratifies New Leadership At 32nd AGM
Eterna Plc has reported a strong financial turnaround for the fiscal year ended December 31, 2024, posting a 71% increase