African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

PETROAN welcomes NNPCLs call for private oil firms to run

PETROAN Applauds NNPCL’s Invitation for Private Firms to Operate Port Harcourt Refinery

By Ifunanya / January 19, 2024

The Petroleum Product Retail Outlet Owners Association of Nigeria, PETROAN, has expressed optimism over the Nigerian National Petroleum Company Limited’s […]

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Electricity Nigerian govt mulls unbundling of 11 DisCos

Nigeria Government Authorizes Electricity Distribution Companies to Directly Purchase Power from Producers

By Ifunanya / January 19, 2024

The Nigerian government has officially granted approval to Electricity Distribution Companies (DisCos) in the country to directly procure electricity from […]

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No increment in electricity tariff Kaduna Electric informs customers

Kaduna Electric Confirms No Increase in Electricity Tariff for Customers

By Ifunanya / January 19, 2024

In a recent statement, Kaduna Electric, a major power distribution company in the northwest region of Nigeria, assured its customers […]

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Nigerias non oil exports decline to 45bn in 2023 NEPC

Nigeria’s Non-Oil Exports Decline to $4.5 Billion in 2023

By Ifunanya / January 19, 2024

The Nigerian Export Promotion Council (NEPC) revealed that the value of non-oil exports in Nigeria had decreased to $4.5 billion […]

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TCN raises alarm as insecurity threatens facilities

TCN explains Power Outage in Gombe, Yola, and Bauchi States

By Ifunanya / January 19, 2024

The Transmission Company of Nigeria (TCN) has shed light on the ongoing electricity outages in parts of Gombe, Yola, and […]

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N300m palliative Ministry releases Bill of Quantity for FGs palliatives

Nigeria Approves GlaxoSmithKline’s Exit from Stock Exchange

By Ifunanya / January 19, 2024

In a significant development, the Nigerian government, represented by the Security and Exchange Commission (SEC), has given the green light […]

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Naira slumps against US dollar at forex market

Naira Surges Against US Dollar, Forex Market Dynamics Unveiled

By Ifunanya / January 19, 2024

In an unexpected turn of events, the Nigerian Naira has witnessed a remarkable upturn against the US dollar within the […]

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Lagos ports battle corruption amidst electronic call up system

Lagos Ports’ Struggle Against Corruption Amid Electronic Call-Up System

By Ifunanya / January 19, 2024

The introduction of the electronic call-up system, also known as Eto, has transformed the movement in and out of Lagos […]

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Nigerian Govt records N619trn from taxes in 2023s Q3

Intensifying the Fight Against Tax Fraud: ICPC and FIRS Join Forces

By Ifunanya / January 18, 2024

In a groundbreaking move, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Federal Inland Revenue Services […]

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Kogi Govt restricts issuance of consent letters to miners

Kogi Government Takes Firm Stand, Bans Issuance of Mining Consent Letters

By Ifunanya / January 18, 2024

In a bold move, the Kogi State Government has imposed a ban on the issuance of consent letters to miners, […]

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