War Disrupts Global Shipping Supply Chain, Raises Costs
The ongoing conflict in the Middle East has triggered significant disruptions in global maritime trade, with the de facto closure […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
NSIB: Arik Air Boeing 737 Engine Incident: 23 Parts Damaged
The Nigerian Safety Investigation Bureau (NSIB) has detailed extensive damage to an Arik Air Boeing 737-700 following a mid-flight engine
Dangote Refinery Petrol Price Hike to N1,175 Halts Sales
The Dangote Petroleum Refinery has announced a reversal of its recent price cut, raising its ex-depot price for Premium Motor
Crude Oil Surges Above $100 as Mideast War Hits Nigeria Fuel
Escalating conflict in the Middle East has driven international crude oil prices back above the $100 per barrel threshold, renewing
IMF Nigeria Senate Consultation on Economic Reforms, 4.4% Growth
The Nigerian Senate’s leadership will hold high-level discussions with International Monetary Fund (IMF) officials in March 2026 as part of
US Temp Eases Russian Oil Sanctions to Curb Iran Price Surge
The U.S. Treasury Department has implemented a temporary sanctions waiver allowing countries to purchase Russian oil and petroleum products already
NGX rebounds as investors gain N648bn after two-day decline
The Nigerian Exchange Limited (NGX) rebounded on Thursday, recovering from two consecutive sessions of losses as investors added approximately N648
Naira Gains vs US Dollar in Official Market as Reserves Rise
The Nigerian naira appreciated against the US dollar in the official foreign exchange market on Thursday, February 15, 2024, even
Nigerian Airlines Guilty of Price Fixing, FCCPC Sanctions
Nigeria’s competition authority has concluded that five domestic airlines colluded to inflate ticket prices during the peak 2023 festive period,
MURIC urges Tinubu order 100% crude oil for local refineries
Nigeria’s Muslim Rights Concern (MURIC) has urged President Bola Tinubu to issue an executive order ensuring that all crude oil
African Business News
NELFUND Extends Student Loan for 2025/2026 Session
The Nigerian Education Loan Fund (NELFUND) has extended the deadline for its Student Loan Application Portal for the 2025/2026 academic
OPay Denies NRS Sealed Offices, Maintains Tax Compliance
OPay, one of Nigeria’s leading fintech companies, has denied reports that its offices in Lagos and Abuja were sealed by