African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Port Harcourt refinery: NNPCL disowns recruitment notice

Port Harcourt refinery: NNPCL disowns recruitment notice

By Ifunanya / January 17, 2025

The Nigerian National Petroleum Company Limited, NNPC Ltd has urged members of the public to disregard purported recruitment announcements for […]

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IMF projects UK to have third-strongest G7 growth in 2025

IMF projects UK to have third-strongest G7 growth in 2025

By Ifunanya / January 17, 2025

The International Monetary Fund, IMF, has forecast Britain to have the fastest growth among major European economies in the year […]

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Dangote raises petrol prices to N955 from N899/litre

By Ifunanya / January 17, 2025

The Dangote Petroleum Refinery has confirmed an increase in the price of Premium Motor Spirit, PMS, also known as petrol, […]

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NIN: Nigerian govt unveils farmer registry, G2P card to reduce food prices

By Ifunanya / January 17, 2025

The Nigerian government has launched the National Identity Number-enabled farmer registry and Government to People (G2P) card initiative to enable […]

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Why crude price determines fuel cost – Nigerian Minister, Lokpobiri

By Ifunanya / January 17, 2025

Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has explained the reason global crude oil prices determine petrol prices in […]

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NGX stocks record rebound as investors gain N53bn

By Ifunanya / January 17, 2025

Stocks in the Nigeria Exchange Market recorded a rebound on Thursday, 24 hours after a bearish trend, as investors raked […]

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Dangote Refinery eyes fresh crude imports, targets 650,000bpd in June

By Ifunanya / January 17, 2025

The Dangote Petroleum Refinery is targeting importing crude oil feedstock over insufficient supply from the Nigerian National Petroleum Company as […]

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IPMAN refutes claims of nationwide price hike

By Ifunanya / January 17, 2025

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted circulating rumors of an impending increase in petrol prices nationwide. […]

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Naira gains against dollar – Media Talk Africa Nigeria

By Ifunanya / January 16, 2025

The naira strengthened against the dollar at the official foreign exchange market on Thursday, a day after a dip.FMDQ data […]

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'Naira now holding grounds against dollar, Peter Obi should spread the news' - Onanuga

‘Naira now holding grounds against dollar, Peter Obi should spread the news’ – Onanuga

By Ifunanya / January 16, 2025

Bayo Onanuga, spokesperson for the Presidency, has urged Mr Peter Obi, presidential candidate of the Labour Party, LP, in the […]

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Petrol price stood at N1,214.17 in November 2024 - NBS

Petrol price stood at N1,214.17 in November 2024 – NBS

By Ifunanya / January 16, 2025

The National Bureau of Statistics, NBS, says the average retail price of a litre of petrol increased from N648.93 in […]

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Dangote Refinery fuel production impacting European markets - OPEC

Dangote Refinery fuel production impacting European markets – OPEC

By Ifunanya / January 16, 2025

The Organisation of the Petroleum Exporting Countries, OPEC, has said that the production of petroleum products, including Premium Motor Spirit, […]

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Dangote Cement, others push NGX to N931bn loss

Dangote Cement, others push NGX to N931bn loss

By Ifunanya / January 16, 2025

The Nigeria Stock Exchange extended its bearish trend as losses in Dangote Cement and others made the market capitalisation to […]

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NNPCL remits N10trn by Sept 2024 — Kyari

NNPCL remits N10trn by Sept 2024 — Kyari

By Ifunanya / January 16, 2025

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Malam Mele Kyari, said on Wednesday in […]

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NASS gives FIRS N25trn revenue target in 2025

NASS gives FIRS N25trn revenue target in 2025

By Ifunanya / January 16, 2025

The National Assembly, through its Joint Committee on Finance, has proposed a N25 trillion tax collection or revenue generation target […]

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Nigerians to pay 60% more for calls, data— Minister Tijani

Nigerians to pay 60% more for calls, data— Minister Tijani

By Ifunanya / January 15, 2025

The Minister of Communications and Digital Economy, Bosun Tijani, said Nigerians will have to pay 30-60 percent more for calls, […]

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Nigerian govt rejects $500 tax proposal on citizens, tourists

Nigerian govt rejects $500 tax proposal on citizens, tourists

By Ifunanya / January 15, 2025

The Nigerian government has dismissed a proposal to impose a $500 tax on Nigerians and tourists returning home during the […]

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Naira drops against dollar at official, black markets amid spike in inflation

Naira drops against dollar at official, black markets amid spike in inflation

By Ifunanya / January 15, 2025

The naira dropped against the dollar at official and parallel foreign exchange markets at the close of Wednesday amid Nigeria’s […]

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Nigeria’s inflation rises to 34.80% in December as CPPE calls for monetary policy adjustments

By Ifunanya / January 15, 2025

Nigeria’s inflation rate surged to 34.80 percent in December 2024 from 34.60 percent in November. This is according to the […]

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Nigeria received N50tn from crude oil in 2024

By Ifunanya / January 15, 2025

Nigeria’s crude oil revenue rose to about N50.88 trillion in 2024, according to industrial data. Data obtained from the Nigerian […]

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