Nigeria Power Blackout Over Gas Suppliers’ N3.3tn Debt
Nigerians face a deepening electricity crisis as gas suppliers have threatened to cut supplies to power plants over an accumulated […]
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
China Tightens Refined Oil Export Curbs Over Middle East War
China has tightened export restrictions on refined oil products, including gasoline, diesel, and jet fuel, following escalating conflict in the
African Business News
Iran War Costs US $11bn in Six Days, Pentagon Reports
The United States spent more than $11.3 billion during the first six days of its military operation against Iran, according
African Business News
MSC 45-Year Deal for Snake Island Port Container Terminal
Mediterranean Shipping Company (MSC), one of the world’s largest container shipping lines, has signed a landmark 45-year sub-concession agreement with
MSC Signs 45-Year Snake Island Container Terminal Deal
Mediterranean Shipping Company (MSC) has secured a 45-year sub-concession to develop, operate, and maintain a dedicated container terminal at the
MSC, Nigerdock Sign 45-Year Nigeria Container Terminal Deal
Mediterranean Shipping Company (MSC) has signed a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain a new dedicated
African Business News
Nigeria LNG Diverted to Asia as War Cuts Middle East Supply
A second liquefied natural gas (LNG) cargo from Nigeria has been diverted to Asia within days, highlighting the intense scramble
Naira Appreciates Against Dollar as Reserves Hit $50.01bn
The Nigerian naira strengthened significantly against the US dollar at the official foreign exchange market on Wednesday, marking its largest
African Business News
South Korea Approves $350bn US Investment Amid Trump Tariffs
South Korea’s parliament has passed crucial legislation enabling a $350 billion investment pact with the United States, a move designed
African Business News
Oil Prices Top $100 as Iran Disrupts Mideast Supplies
Oil prices rebounded above $100 per barrel on Thursday, as ongoing Middle East tensions overshadowed the International Energy Agency’s unprecedented
African Business News
Fuel Prices Expected to Drop in Two Months: Refinery CEO
Fuel prices at the pump are expected to decline within one to two months, according to John Catsimatidis, billionaire owner
African Business News
U.S. Launches Global Trade Probes Over Unfair Practices, Eyes Tariffs
The United States has launched separate trade investigations targeting dozens of countries over alleged unfair practices, a move that could