African Business News

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

60873 fuel subsidy hinders gas sector investment say oil marketers

Operators shun gas investments over lingering fuel subsidy

By Ifunanya / May 14, 2023

The lingering subsidy regime of the Federal Government on Premium Motor Spirit, popularly called petrol, has stalled investments in the […]

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16212 Olamilekan Adegbite

FG Takes Steps Towards Barite Processing With Inauguration of Processing Plant

By Ifunanya / May 13, 2023

In a bid to halt the importation of barite and encourage its local production, the Federal Government has commissioned a […]

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Nigeria loses spot as Africa’s top crude oil producer to Angola

By Ifunanya / May 12, 2023

Nigeria has lost its place as Africa’s crude oil producer to Angola following a decline in production. Media Talk Africa […]

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IPMAN vows clampdown on fraudsters obtaining petroleum products allocations

By Ifunanya / May 12, 2023

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned marketers to be careful with some individuals who are in […]

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50322 seplats notice of withdrawal on criminal charges fraudulent cso

Seplat files for stay of execution of interim orders

By Ifunanya / May 12, 2023

Indigenous energy company, Seplat Energy Plc, has said that it has taken steps against the ex parte interim orders against […]

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60587 nigerian banks intensify acquisition drive for african market share

Nigerian banks intensify acquisition drive for African market share

By Ifunanya / May 12, 2023

Nigerian banks are expanding their reach across the continent through a series of acquisitions of smaller banks, in a drive […]

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60512 cibn chairman plans revenue drive welfare

CIBN chairman plans revenue drive, welfare

By Ifunanya / May 11, 2023

The newly elected Chairman of the Chartered Institute of Bankers of Nigeria, Lagos State Branch, Adeoye Adeyemo, has said he […]

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NMDPRA shuts 75 filling stations in Osun

By Ifunanya / May 11, 2023

Nigerian Midstream and Downstream Petroleum Regulatory Authority Osun State office of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, on […]

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11827 NGX Group Building

Delay in dispute resolution affects investors’ confidence – IST Chair

By Ifunanya / May 10, 2023

The Chairman of the Investment and Securities Tribunal, Amos Azi, has said that delay in resolving disputes related to the […]

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Elumelu’s HH Capital buys 70m units of UBA shares worth N560m

By Ifunanya / May 10, 2023

HH Capital, a private equity firm founded by billionaire investor, Tony Elumelu, has bought 70 million units of shares of […]

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