Diesel Gasoline Shortages from Iran War Threaten Europe
Europe faces imminent diesel and gasoline shortages from next month due to supply disruptions from the Gulf, Shell CEO Wael […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
OML 245 Dispute: Nigerian Government Refutes Atiku Claims
The Nigerian government has rejected assertions by former Vice President Atiku Abubakar that a long-standing dispute over the valuable OML
Zenith Bank appoints Kennedy Okwudili Executive Director
Zenith Bank Plc has appointed Mr. Kennedy Onuwa Okwudili as an Executive Director, effective May 1, 2026. The decision upholds
NUPRC, SeaSeis, TGS Sign PEL No. 5 for 3D Seismic Survey
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted Petroleum Exploration Licence (PEL) No. 5 to SeaSeisGeophysical Limited, authorising a
Indian Refiners Pay Premium for Russian Oil After Hormuz Halt
Indian refiners have purchased approximately 60 million barrels of Russian crude for April delivery at prices significantly above global benchmarks,
Petrol Price Cut: Nigerian Depot Owners Undercut Dangote
Nigerian petroleum depot operators have reduced their ex-depot petrol prices, setting new rates below the gantry price offered by the
Oil Tumbles, Stocks Rally on Iran Hormuz Peace Plan
Oil prices declined and global equities advanced on Wednesday following indications of a potential diplomatic opening in the conflict between
Naira Appreciates Against US Dollar in Official Market
The Nigerian Naira recorded its first appreciation against the US dollar at the official foreign exchange market on Tuesday, February
Nigeria Tax Reform Elevates Certified Tax Professionals
The enactment of Nigeria’s new tax reform laws has formally elevated the role of certified tax professionals within the country’s
Oil Prices Drop 5% After Trump Iran Peace Proposal
Global oil prices declined sharply on Wednesday following reports that the Trump administration has submitted a peace proposal to Iran,
EU Pauses Russian Oil Ban as Middle East War Boosts Prices
The European Union has postponed a proposed complete ban on Russian oil imports, citing “current geopolitical developments” following renewed instability