Dangote petrol exported to three African countries
The Dangote Refinery said it has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the […]
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
Fuel subsidy removal, floating of Naira sparked inflation in 2024 – CIBN
The Chattered Institute of Bankers of Nigeria, CIBN, has stated that some government policies such as the removal of fuel
Nigeria set to release inflation data for November
Nigeria’s inflation figure for November is expected to be released by the National Bureau of Statistics between Sunday and Monday,
African Business News
Nigeria will save N640bn by terminating Julius Berger’s contract – Umahi
The Minister of Works, Dave Umahi, has explained that Nigeria would save N640 billion by terminating Julius Berger’s contract to
African Business News
CBN imposes N150m fine on banks issuing new notes to hawkers
The Central Bank of Nigeria, CBN, has imposed a fine of N150 million on Deposit Money Banks found culpable of
African Business News
FAAC shares N1.727trn revenue with Federal, State, Local Govts in November
The revenue shared among the federal, state, and local governments in November 2024, as accrued from the Federation Accounts Allocation
Alleged Wrongful dismissal: Ex-staff accuses TotalEnergies of frustrating court cases
A disengaged staff member of TOTAL Energies, Mrs Oghenero Ozobeme, has accused the company of frustrating pending cases she filed
African Business News
NGX stocks surge as investors record gains
Nigerian Exchange Limited, NGX, has ended the week on a bullish note as equities market capitalization crossed the N60 trillion
Cash scarcity: CBN gives update on validity of old N1000, 500, N200 Naira notes
The Central Bank of Nigeria has reiterated that the old N1000, N500, and N200 denominations remain valid and legal tender
African Business News
Naira weakens against dollar to end week on negative note
The naira weakened against the dollar on Friday at the foreign exchange market, closing the week on a negative note.
African Business News
FAAC shares N1.827trn revenue with federal, state, local governments in November
The revenue shared among the federal, state, and local governments in November 2024, as accrued from the Federation Accounts Allocation
Nigeria foreign direct investments increase imminent in 2025 – Report
Nigeria’s foreign direct investments are expected to increase in the coming year, 2025, provided current economic reforms are sustained, analysts