African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Dangote, NNPCL price war: Fuel may drop to N650/litre – Analyst

Fuel Price: Why we’ll dump Dangote Refinery for NNPC, imports – PETROAN

By Ifunanya / March 21, 2025

The Petroleum Products Retail Outlet Owners Association of Nigeria has explained that it members will not hesitate to dump Dangote […]

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Fuel price: Nigerian govt schedules meeting over Naira-for-crude deal with Dangote Refinery

Fuel price: Nigerian govt schedules meeting over Naira-for-crude deal with Dangote Refinery

By Ifunanya / March 21, 2025

There are indications that the Federal Government’s Naira-for-crude panel will be reconvening a meeting on Monday to consider continuation of […]

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Nigerian stock market: Investors lose N35bn at NGX amid pressure

Nigerian stock market: Investors lose N35bn at NGX amid pressure

By Ifunanya / March 21, 2025

Investors at Nigerian Exchange Limited shed N35 billion on Thursday as persistent sell pressure resulted in a downturn trend in […]

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Naira depreciates across official, black FX markets

Naira maintains stability against dollar on black market

By Ifunanya / March 20, 2025

The naira remained stable against the dollar at the parallel foreign exchange market on Thursday. Data provided by Abubakar Alhasan, […]

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FIRS collaborates with Flutterwave for digital payment collection

FIRS collaborates with Flutterwave for digital payment collection

By Ifunanya / March 20, 2025

Africa’s leading payments technology company, Flutterwave, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making […]

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Naira continues depreciation against dollar, records highest decline weekly

Naira appreciates against dollar at official market

By Ifunanya / March 20, 2025

The Naira appreciated against the dollar at the official foreign exchange market for the first time since Friday, 14 March, […]

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Fuel price hike, naira depreciation — CPPE on Dangote Refinery’s sales of petrol in dollars

Fuel price hike, naira depreciation — CPPE on Dangote Refinery’s sales of petrol in dollars

By Ifunanya / March 19, 2025

The Centre for the Promotion of Private Enterprise, CPPE, has warned Nigerians that Dangote Refinery’s decision on Wednesday to sell […]

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‘It’s fully operational’ — NNPC speaks after fire outbreak at Port Harcourt Refinery

‘It’s fully operational’ — NNPC speaks after fire outbreak at Port Harcourt Refinery

By Ifunanya / March 19, 2025

The Nigerian National Petroleum Company Limited, NNPCL, has stated that the Port Harcourt refinery, located in Rivers State, remains fully […]

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Dangote Refinery suffers as Nigeria’s petrol import jumps 105% to N15.4tn

BREAKING: Fresh fuel price hike looms as Dangote refinery stops petrol sales in Naira

By Ifunanya / March 19, 2025

There is indication of a fresh premium motor spirit price hike as Dangote Refinery announced the temporary suspension of the […]

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Anxiety as Dangote Refinery moves to stop fuel supply to Nigerian Market

Anxiety as Dangote Refinery moves to stop fuel supply to Nigerian Market

By Ifunanya / March 19, 2025

There is anxiety in Nigeria’s downstream oil sector as indication emerged on Wednesday of Dangote Refinery’s plan to halt supply […]

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Court rejects NNPCL bid to stop Dangote Refinery case against fuel import licences

Court rejects NNPCL bid to stop Dangote Refinery case against fuel import licences

By Ifunanya / March 19, 2025

A Nigerian federal high court in Abuja has rejected a suit filed by the Nigerian National Petroleum Company Limited, questioning […]

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Trans-Niger Pipeline explosion: Nigeria’s crude output, revenue face decline amid Rivers chaos

Trans-Niger Pipeline explosion: Nigeria’s crude output, revenue face decline amid Rivers chaos

By Ifunanya / March 19, 2025

The explosions on Tuesday in Rivers communities at a pipeline manifold in the Omwawriwa axis of Ogba-Egbema-Ndoni and Trans Niger […]

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Naira continues depreciation against dollar, records highest decline weekly

Naira records first appreciation against dollar on black market

By Ifunanya / March 18, 2025

The naira recorded its first gain this week against the dollar at the parallel foreign exchange market on Tuesday. This […]

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Google ready to splurge $32m to acquire cybersecurity firm Wiz

Google ready to splurge $32m to acquire cybersecurity firm Wiz

By Ifunanya / March 18, 2025

Google owner, Alphabet, has hinted at buying cybersecurity firm Wiz for $32 billion. The deal would boost the United States […]

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N9.4tn debt: Nigerian lawmakers issue 3-day ultimatum as oil companies shun summons

Reps pass Tinubu’s tax reform bills

By Ifunanya / March 18, 2025

Nigeria’s House of Representatives on Tuesday passed for third reading, the four tax reform bills sent to the National Assembly […]

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Court dismisses NNPCL objection to Dangote Refinery’s N100bn suit on import licences

Court dismisses NNPCL objection to Dangote Refinery’s N100bn suit on import licences

By Ifunanya / March 18, 2025

The Federal High Court in Abuja has dismissed the objections raised by the Nigerian National Petroleum Company Limited, NNPCL, against […]

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Why Nigeria’s inflation drop hasn’t resulted in reduction in prices of goods – Prof Ajibola

Why Nigeria’s inflation drop hasn’t resulted in reduction in prices of goods – Prof Ajibola

By Ifunanya / March 18, 2025

Prof Segun Ajibola, a renowned economist and former president and chairman of the Council of the Chartered Institute of Bankers, […]

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Nigerian Govt clears Max Air to resume operations after suspension

Nigerian Govt clears Max Air to resume operations after suspension

By Ifunanya / March 18, 2025

The Federal Government, through the Nigeria Civil Aviation Authority, NCAA, has approved for Max Air to resume its domestic flight […]

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Naira continues depreciation against dollar, records highest decline weekly

Nigeria’s Naira depreciates against dollar amid inflation drop

By Ifunanya / March 18, 2025

​ The naira depreciated against the dollar across foreign exchange markets to begin the week despite a drop in Nigeria’s […]

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Climate change: I’ve authorized production of energy with coal – Trump

Climate change: I’ve authorized production of energy with coal – Trump

By Ifunanya / March 18, 2025

President of the United States of America, Donald Trump, has announced that he is authorizing the administration to begin producing […]

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