BREAKING: Dangote Refinery reduces petrol price
Dangote Refinery has announced another reduction in the price of Premium Motor Spirit, PMS, or petrol. The company disclosed this […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Knocks, kudos trail Tinubu’s N49.7trn 2025 budget proposal
Mixed reactions have trailed President Bola Ahmed Tinubu’s N49.7 trillion 2025 budget proposal to the National Assembly on Wednesday. Media
Nigeria Customs gives conditions for implementation of zero tariffs on CNG, LPG
The Nigeria Customs Service said importers of gas-related equipment must present a letter of Import Duty Exemption Certificate (IDEC) from
Naira further appreciates against dollar on black market
The naira further firmed up against the dollar on Wednesday on the parallel foreign exchange market. Alhasan Abubakar, a Bureau
Dangote Refinery, NNPCL resume fight over $1bn loan
Dangote Group, owners of Dangote Refinery, and the Nigerian National Petroleum Company Limited, NNPCL, have clashed over a $1 billion
African Business News
Marketers reduce petrol prices in Abuja
Marketers have reduced the price of Premium Motor Spirit, otherwise known as petrol, in some retail outlets in the Federal
African Business News
Like Nigeria, UK’s inflation climbs further in November
The annual inflation rate of the United Kingdom climbed further above the Bank of England’s target rate in November 2024,
African Business News
Naira scarcity: CBN fixes N100,000 as limit for PoS withdrawal
The Central Bank of Nigeria has directed Nigerian banks to set N100,000 per day as a withdrawal limit for customers
African Business News
Naira extends gains against dollar
The naira gained further against the dollar at both the official and parallel foreign exchange markets on Tuesday. FMDQ data
Onion prices increase by 200% in Nigerian markets ahead of Yuletide
A small-sized bulb onion is now sold for between N200 and N300 in Nigerian markets ahead of this year’s Yuletide.
African Business News
Economists suggest solutions to Nigeria’s rising inflation
Nigerian economists and financial analysts said the federal government must reevaluate its policies around critical sectors such as manufacturing, agriculture,
African Business News
Cash Scarcity: Commercial banks’ staff selling naira to PoS operators – Okai alleges
Amid the scarcity of cash in Nigeria, a Kogi State-born political activist and immediate past House of Representative candidate for