NNPCL and First E&P Commence Oil Production at Madu Field, Bayelsa State
The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner, First Exploration and Petroleum Development Company Limited (First […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Elon Musk Warns Against Engagement Farming on Micro-Blogging Site
Elon Musk, the owner of the popular micro-blogging site X, has issued a stern warning to users engaging in what
Nigerian Government Issues N8 Trillion in Treasury Bills to Boost Economy
The Nigerian Government has taken a significant step towards stabilizing and boosting the economy by issuing N8 trillion in government
Middle East Tensions Drive Brent Crude Price to $90.54, WTI at $86.09
The global oil market is in turmoil as tensions between Israel and Iran continue to escalate, with the price of
Without a tariff increase, Nigeria will need N3.2 trillion to subsidise electricity in 2024, says NERC
April 18, 2024 The chairman of the Nigeria Electricity Regulatory Commission (NERC), Sanusi Garba, said on Thursday, April 18, that the Nigerian
Naira Plummets 7.04% to N1,154.08 Against Dollar in Single Day
The Nigerian currency, the naira, experienced a significant drop in value against the US dollar in just one day, according
Central Bank Governor: Continued Liquidity to Sustain Naira’s Appreciation
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed confidence that the naira’s appreciation will continue due
N7.3trn accrued to Federation Account in H2 of 2023, says RMAFC
April 18, 2024 The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has revealed that a total sum of N7,314,129,314,386.08 ($17.9 billion) accrued
African Business News
CBN Reduces Loan-to-Deposit Ratio to 50% to Boost Lending Capacity
The Central Bank of Nigeria (CBN) has recently made a significant change to boost lending capacity in the country. In
Nigeria’s Foreign Reserves Boosted by $600 Million, Naira Set to Appreciate
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced a significant boost to the country’s foreign reserves, with
Nigerian Ports Authority Secures $700M Loan for Apapa and Tincan Island Ports Rehabilitation
The Nigerian Ports Authority has taken a significant step towards modernizing and improving its operations by securing a massive $700
Thirty-four governors shun Enugu International Trade Fair hosted by Mbah’s administration
APRIL 16, 2024 Thirty-four states out of 35 failed to honour invitations to attend the just-concluded 35th Enugu International Trade