Shell Supplies 475,000 Barrels of Crude Oil to Port Harcourt Refinery
The Shell Petroleum Development Company of Nigeria Limited has successfully delivered 475,000 barrels of crude oil to the Port Harcourt […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
IMF tells CBN to pay $2.2 billion backlog to rebuild trust
February 12, 2024 The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to settle overdue foreign exchange (forex) backlogs to
Nigeria’s Pledge to Become a Net Food Exporter Amid Economic Hardship
President Bola Ahmed Tinubu has affirmed his commitment to transforming Nigeria into a net exporter of food. The announcement was
Nigerian Court Upholds Regulatory Authority’s Power to Levy Petroleum Products
In a landmark ruling on the Petroleum Industry Act 2021, the Federal High Court has confirmed the Nigerian Midstream and
Access Holdings to Reveal Successor Following Tragic Loss of CEO Wigwe
Access Holdings has made public its plans to announce the successor to the late Group Chief Executive Officer, Herbert Wigwe,
Tinubu Vows to Boost Food Production Amid Rising Hardship
In response to escalating hunger and adversity in Nigeria, President Bola Tinubu has pledged to take all necessary measures to
Kogi Cashew Industry Under Siege: Farmers and Buyers Call for End to Multiple Taxation and Harassment
Cashew farmers and buyers in Kogi State, Nigeria, are sounding the alarm over plans to triple produce payment from ₦30,000
Access Bank CEO, Herbert Wigwe, Confirmed Dead in Tragic Helicopter Crash
Access Holding Plc has officially announced the tragic passing of its Chief Executive Officer, Herbert Wigwe, along with his wife
SERAP Takes Legal Action Against Nigerian Senate and House of Representatives Over N344.85bn Budget Transparency
The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Senate President, Godswill Akpabio, and the Speaker
World Bank and FAO Improve Livelihoods for 5000 Farmers in Nigeria
A transformative initiative backed by the World Bank and the Food and Agriculture Organization (FAO) is set to benefit 5000
Rising Cement Prices Impact Construction Industry
The price of cement has surged by 100% over the past three years, reaching a record high of N7,000. Investigations
Nigeria’s Central Bank Raises Customs Duties Under President Tinubu’s Administration
In 2024, the Central Bank of Nigeria, under President Bola Ahmed Tinubu, has increased the Customs duties exchange rate for