Nordea Bank Layoffs Hit 1,500 Staff in Cost Plan
Nordea, the largest bank in the Nordic region, announced plans to cut approximately 1,500 positions as part of a broader […]
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
Dangote’s $4.2bn Gas Deal for Ethiopia Fertiliser Plant
Dangote Industries Limited has secured a $4.2 billion, 25-year natural gas supply agreement with China’s GCL Group to fuel a
African Business News
NUPRC Completes Pre-Qualification for 2025 Oil and Gas Blocks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has completed the pre-qualification stage for its 2025 oil and gas licensing round,
Dangote Refinery-backed MRS hikes petrol pump price
MRS filling stations, backed by the Dangote Refinery, have increased petrol pump prices nationwide by N100 per liter, effective immediately.
Naira Strengthens to N1,355/$ Strongest Since Feb 2026
The Nigerian naira strengthened to N1,355 per US dollar on the official foreign exchange market on Monday, continuing a recovery
African Business News
Naira Extends Gains to N1,355/$ in Official Market
The Nigerian naira strengthened to N1,355 per US dollar on Monday, extending a week-long recovery to its highest level since
ASI Crosses 201k as Nigerian Exchange Gains N1.97trn
Nigerian Exchange Hits Historic Milestone as All-Share Index Surges Past 200,000 The Nigerian Exchange (NGX) achieved a historic milestone on
African Business News
Australia Hikes Interest Rate as Iran War Fuel Prices Surge
The Reserve Bank of Australia (RBA) raised its key cash rate by 25 basis points to 4.10 per cent on
Nigeria Power Crisis: DISCOs Favor Band A Over B, C Customers
Nigeria’s power distribution companies (DISCOs) are implementing a revenue-driven distribution strategy amid a severe nationwide electricity shortage, leaving millions of
African Business News
Food Inflation in Nigeria Rises to 12.12% in February
Nigeria’s food inflation accelerated sharply in February, rising to 12.2 per cent annually from 8.89 per cent in January, according
Naira Appreciates Further in Official FX Market
The Nigerian naira strengthened against the US dollar on the official foreign exchange market on Monday, marking a continued appreciation
African Business News
Oil Prices Surge Over Hormuz Crisis, Iran Oil Strikes
Oil prices climbed for a second consecutive session on Tuesday, driven by escalating geopolitical tensions in the Middle East and