Naira for crude policy stabilises currency
The Dangote Petroleum Refinery has commended the Federal Government’s Naira-for-Crude policy, stating that it has significantly contributed to stabilizing the […]
African Business News
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Nigeria Oil Licensing Round Attracts Investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has held a pre-bid conference for the 2025 Oil Licensing Round, which aims
EU Mercosur Free Trade Agreement Signed
The European Union and South American bloc Mercosur are set to sign a historic free trade agreement on Saturday, creating
Trump uses AI images in politics
The Use of AI-Generated Imagery in US Politics: A New Era of Communication US President Donald Trump has become the
Naira Depreciates Against Dollar at Official Market
The Nigerian naira experienced a decline in value against the United States dollar at the official foreign exchange market on
Oil prices drop as Trump dials down Iran threat
Global markets experienced a mixed reaction on Thursday as US President Donald Trump appeared to scale back his threats of
Nigeria Oil Licensing Round Warns Investors of No Refunds
The Federal Government of Nigeria has issued a stern warning to prospective investors in the 2025 oil licensing round, stating
Ukraine loan rejected by Hungary over taxpayer burden
Hungarian Prime Minister Viktor Orban has rejected a European Union-proposed loan package for Ukraine, citing the financial burden it would
Nigeria VAT hike hits bank transfers with 7.5 percent charge
Nigerian banks, including Moniepoint, have notified their customers of an impending 7.5 percent Value Added Tax (VAT) on bank transfers
Nigeria Economy to Grow 4.4 Percent by 2026
The World Bank has forecasted a significant increase in Nigeria’s economic growth, projecting a 4.4 percent growth rate for 2026
Dangote Refinery Defends Petrol Price Amid Market Distortion Claims
Dangote Refinery’s Managing Director, David Bird, has defended the company’s fixed petrol price of N739 per liter, stating that it
TotalEnergies sells Nigerian oil stake for $800 million
TotalEnergies has signed an agreement to sell its 10% non-operated interest in the Renaissance Joint Venture in Nigeria to Vaaris