African Business News

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

Naira drops against dollar on official, black markets

By Ifunanya / January 21, 2025

The naira dipped against the dollar in both official and parallel foreign exchange markets on Tuesday. FMDQ data showed that […]

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NASS to consider increased funding for govt watchdog agencies

By Ifunanya / January 21, 2025

The Nigerian Senate has vowed to allocate adequate funds to agencies of government that play watchdog roles, stating that those […]

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50% telecom tariff hike: POS operators to hike charges

50% telecom tariff hike: POS operators to hike charges

By Ifunanya / January 21, 2025

The Association of Mobile Money & Bank Agents in Nigeria has said its members may have no option but to […]

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Why we slammed ban on two Nigerian companies - World Bank

Why we slammed ban on two Nigerian companies – World Bank

By Ifunanya / January 21, 2025

The World Bank Group has explained why it announced a 30-month debarment of two Nigerian companies, including Viva Atlantic Limited […]

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50% telecoms tariff hike: Nigerians to drag FG to court ​

50% telecoms tariff hike: Nigerians to drag FG to court ​

By Ifunanya / January 21, 2025

Nigerians have vowed to drag the federal government to court over approval of a 50 percent increase in calls, data, […]

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Bitcoin soars to all-time high ahead of Donald Trump's inauguration

Bitcoin soars to all-time high ahead of Donald Trump’s inauguration

By Ifunanya / January 20, 2025

Ahead of President Donald Trump’s inauguration on Monday, the price of Bitcoin has crossed $108,000 mark. According to data by […]

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Fuel scarcity looms in Rivers — PETROAN raises alarm

Fuel scarcity looms in Rivers — PETROAN raises alarm

By Ifunanya / January 20, 2025

Petroleum Products Retail Outlets Owners Association has raised an alarm over looming fuel scarcity due to the activities of a […]

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Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike

Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike

By Ifunanya / January 20, 2025

Dangote Refinery and Petroleum Products Marketers have shifted the blame for the recent premium motor spirit price hike to global […]

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SEC advises CMOs to renew their registration before January 31

SEC advises CMOs to renew their registration before January 31

By Ifunanya / January 20, 2025

The Capital Market Operators, CMOs, have been advised by the Securities and Exchange Commission, SEC, to ensure that they renew […]

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Blackout: Over 18 transmission towers vandalised in five days - TCN

Blackout: Over 18 transmission towers vandalised in five days – TCN

By Ifunanya / January 20, 2025

The Transmission Company of Nigeria has said that over 18 transmission towers were vandalized between January 9 and 14, 2025. […]

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Increase in fuel price not our fault — Dangote Refinery

Increase in fuel price not our fault — Dangote Refinery

By Ifunanya / January 19, 2025

Dangote Refinery has clarified that “the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related […]

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Tax bills will be passed in Q1, implementation to commence in July - Oyedele

Tax bills will be passed in Q1, implementation to commence in July – Oyedele

By Ifunanya / January 19, 2025

The Chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, says the tax reform bills will […]

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Naira appreciates against dollar again

By Ifunanya / January 18, 2025

The naira extended appreciation against the dollar at the official market to end the week on a positive note, Friday. […]

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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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