The Nigerian government has intensified its scrutiny of escalating geopolitical tensions in the Middle East, assessing potential risks to national […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Kwara Customs Seizes N478m Contraband, Generates N2.5b
The Nigeria Customs Service (NCS) Kwara State Command has seized contraband goods with a Duty Paid Value (DPV) of N478.17
African Business News
Germany Releases Oil Reserve as Global Energy Costs Soar
Germany will release a portion of its strategic petroleum reserves to help counter rising global oil prices triggered by the
Oil Prices Jump 4% on Hormuz Blockade Supply Fears
Crude oil prices surged by nearly 4 percent on Wednesday afternoon, driven by mounting concerns over potential supply disruptions following
African Business News
NERC Orders Grid Permits for Private Transmission Substations
The Nigerian Electricity Regulatory Commission (NERC) has given private transmission substations connected to the national grid 45 days to obtain
African Business News
Japan Releases Oil Reserves Monday to Ease Gasoline Prices
Japan will begin releasing oil from its strategic petroleum reserves as early as Monday, Prime Minister Sanae Takaichi announced, in
African Business News
KLM Cancels Dubai Flights Until March 28 Due to War
KLM Suspends Dubai Flights Until March 28 Amid Regional Safety Concerns Dutch flag carrier KLM has cancelled all flights to
CBN Extends Automated AML Deadline for Full Compliance
Central Bank of Nigeria Extends Deadline for Automated Anti-Money Laundering Compliance The Central Bank of Nigeria (CBN) has extended the
African Business News
Iran Attacks Gulf Shipping, Hormuz Oil Route Threatened
Attacks on three commercial vessels in the Gulf on Wednesday, including one vessel set ablaze, have intensified Iran’s campaign against
African Business News
Tinubu Unlocks $20bn Bonga Deepwater Project with Incentives
President Bola Tinubu has approved a targeted fiscal incentive package to unlock the long-delayed Final Investment Decision (FID) on the
African Business News
CBN Extends AML Compliance Deadline to 18 Months for Banks
The Central Bank of Nigeria (CBN) has granted Deposit Money Banks 18 months to fully implement new, mandatory automated anti-money
Chika Ikenga Named to Michael Okpara Business School Board
Business leader Chika Ikenga, Chairman of Eunisell Interlinked Plc and founder of the Nature’s Gentle Touch haircare brand, has been