Trump Threatens South Pars Gas Field Over Qatar Strikes
US President Donald Trump has threatened to destroy Iran’s South Pars gas field—the world’s largest natural gas reserve—unless Iran ceases […]
African Business News
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 Shortages Loom for Pacific over Mideast Oil Price Surge
Leaders of Samoa and Tonga have appealed for international assistance, warning that soaring global oil prices driven by the Middle
MidEast Crisis Tightens Africa Fuel Supply Chain
A sharp escalation in Middle East tensions has disrupted a vital oil shipping route, exposing Africa’s heavy reliance on imported
Naira Depreciates Against Dollar After 8-Day Rally
The Nigerian Naira recorded its first depreciation against the US dollar on the official foreign exchange market on Wednesday, ending
NSIA, UK Firm Sign $500M Integrated Dairy MoU
The Nigeria Sovereign Investment Authority (NSIA) and UK-based Asset Green Ltd have signed a Memorandum of Understanding (MoU) to develop
Diaspora Banking Platform: UBA NiDCOM Nigeria Growth
United Bank for Africa (UBA) Plc and the Nigerians in Diaspora Commission (NiDCOM) have held strategic talks to deepen collaboration
Recapitalized Nigeria Banking Sector to Drive $1tn Economy
Nigeria’s banking sector has emerged from a major recapitalisation drive with enhanced capacity to mobilise capital, positioning the industry as
Slovakia weighs diesel hike for foreigners as pumps run dry
Slovakia is considering measures to restrict fuel purchases by foreign drivers amid a critical diesel shortage that has depleted supplies
Blackout Worsens as Nigeria GenCos Shut Down Over N6.8T Debt
A severe nationwide power crisis is deepening in Nigeria as power generation companies (GenCos) have partially shut down operations, citing
African Business News
Naira Appreciates to N1,345/$ Official Market Monthly High
The Nigerian naira strengthened to its highest level in over a month on Tuesday, closing at N1,345 per U.S. dollar
Iraq Oil Exports Resume via Turkey After Hormuz Disruptions
Iraq has resumed limited oil exports through Turkey’s Ceyhan port, pumping 250,000 barrels per day from northern fields after production
Naira Appreciation Continues Against US Dollar Ahead of Eid
The Nigerian Naira strengthened further against the US dollar at the official foreign exchange market on Tuesday, marking a second