Naira Extends Appreciation in Official Forex Market
The Nigerian Naira extended its recent strengthening trend in the official foreign exchange market on Friday, while remaining steady in […]
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
Shell Bonga FPSO Production Resumes After Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has resumed production at the Bonga deepwater oil field following the successful
Tinubu Urges Media to Scrutinize States, Local Governments
President Bola Tinubu has called on Nigerian media to extend critical scrutiny from the federal government to state and local
African Business News
UK tells petrol retailers no unfair practices in Iran war
Britain’s energy minister has warned fuel retailers that the government will not accept “unfair practices” amid rising petrol prices linked
CBN Instant Payment Rules Mandate One Device for Mobile Apps
The Central Bank of Nigeria (CBN) has introduced stringent new regulations for instant payment operations, including a rule that limits
FAAC Disburses N1.894 Trillion February 2026 Revenue
FAAC Disburses N1.894 Trillion to Federal, State, and Local Governments The Federation Account Allocation Committee (FAAC) has distributed a total
African Business News
CBN Restricts Banking Services for Large Loan Defaulters
The Central Bank of Nigeria (CBN) has instructed all commercial banks to restrict a range of services to borrowers with
African Business News
FAAC Shares N1.894trn Feb Revenue
The Federation Account Allocation Committee (FAAC) has distributed a total of N1.894 trillion in February 2026 revenue to Nigeria’s three
Oil Prices Over $100 Drive Stocks Down on Inflation Fears
Oil prices held above $100 per barrel on Friday, extending a period of heightened volatility driven by prolonged supply disruptions,
Hormuz Shut After Strikes on Iran, Gulf Oil Loses $15.1B
The ongoing Middle East conflict has triggered a severe disruption to global oil flows, with Gulf producers losing an estimated
Tinubu Establishes Presidential Petroleum Reform Taskforce
President Bola Ahmed Tinubu has established a high-level Presidential Petroleum Reform and Value Optimisation Taskforce to accelerate and coordinate the
Apapa Ports: NAGAFF Alarms Unilateral Shipping Fee Hikes
The National Association of Government Approved Freight Forwarders (NAGAFF) has formally protested what it calls arbitrary and unilateral increases in