Dangote Cement: First Stock to Achieve N10tn Capitalisation Milestone on NGX
At the close of trading on Monday, Dangote Cement’s market capitalisation surged to N10tn, making history on the Nigerian Exchange […]
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
British Council Raises IELTS Exam Fees in Nigeria for the Second Time in Five Months
The British Council in Nigeria has announced a significant increase in the fees for the International English Language Testing System
Nigerian National Petroleum Company Limited Reveals Insights on $3.3 Billion Afriximbank Loan
Amid mounting concerns over the $3.3 billion loan secured for the Nigerian Government by the Nigerian National Petroleum Company Limited
Nigeria Welcomes Largest Container Vessel at Lekki Deep Seaport
In a monumental achievement, the Nigerian government has successfully welcomed the largest container vessel, “Maersk Edirne,” at the Lekki Deep
Tinubu-Led Committee Urges Suspension of Low-Revenue Taxes Across Nigerian States
The Presidential Committee on Fiscal Policy and Tax Reforms has taken a significant step towards enhancing Nigeria’s tax system. By
Telcos’ Spending on Diesel Soars by 35%, Reaching N429 Billion
An unprecedented surge in diesel prices has led to a substantial 35% increase in the expenditure of fueling Nigeria’s communication
Kano State Revenue Service Denies Dismissing Eight Directors
The Kano State Internal Revenue Service has vehemently refuted claims of dismissing eight of its directors, labeling the reports as
Naira’s Slight Dip Against US Dollar Raises Concerns
The naira witnessed a marginal depreciation in the foreign exchange market, with data from FMDQ revealing a shift to N902.45
Exposing the Profiteering: Fossil Fuel Giants Rake in $346.71bn in 12 Months
A recent report by ActionAid has lifted the veil on the staggering profits amassed by fourteen fossil fuel companies over
African Business News
Power Outage Alert: AEDC Announces Blackout in Gwarimpa, Abuja
Residents of Gwarimpa, the capital of Nigeria, are facing a major power outage as the Abuja Electricity Distribution Company (AEDC)
World Bank Report: Internet Access Reduces Extreme Poverty by 7% in Nigeria and Tanzania
A recent report by the World Bank titled “Digital Transformation Drives Development in Africa” reveals that improved access to internet
Global Fossil Fuel Giants Amass $346 Billion in Windfall Profits, Igniting Calls for Climate Action
According to a recent report by ActionAid, 14 fossil fuel companies have collectively amassed a staggering $346.713 billion in profits