NERC Orders DisCos to Refund ₦20.33bn in Meter Costs
The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies (DisCos) to refund ₦20.33 billion to consumers who paid […]
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.
Nigeria Business Confidence Index Hits Record High
Nigeria’s business confidence reached a historic high in February 2026, according to the latest Business Confidence Index (BCI) from the
Naira Stable in Official Forex Window as CBN Maintains Rate
The Nigerian Naira traded in a tight range in the official market on Wednesday, opening at 1,379.05 per US dollar
Nigeria cooking gas prices jump after Iran war halts exports
Global oil and gas prices surged following military escalation in the Middle East, directly impacting the cost of cooking gas
African Business News
Naira Depreciates Against Dollar Despite Forex Reserves Surge
The Nigerian naira weakened further against the US dollar on Tuesday, extending its losing streak across both official and parallel
African Business News
Cuba jet fuel shortage extended to April 10 by U.S. blockade
Cuban aviation authorities have informed airlines that a critical jet fuel shortage will persist until at least April 10, a
Mideast Conflict Sparks Energy Price Fears, Markets Fall
Escalating conflict in the Middle East triggered a broad global market sell-off on Wednesday, driving investors toward the safety of
African Business News
Dangote Refinery Hike Raises MRS Fuel Price Above NNPCL
A filling station linked to Nigeria’s Dangote Refinery is charging higher prices for petrol than the state-owned Nigerian National Petroleum
Kospi Plunges as Middle East Oil Fears Hit South Korea
South Korea’s benchmark Kospi index plunged 12.6 percent to 5,065.14 in early afternoon trade on Wednesday, marking its sharpest single-day
African Business News
EU May Revive Russian Gas Imports Amid Middle East Shock
A senior Norwegian official has warned that escalating conflict in the Middle East could force the European Union to reconsider
African Business News
Free JAMB Forms for 300 Students: Ikorodu Entrepreneur
An entrepreneur in Lagos State, Nigeria, has sponsored the Joint Admissions and Matriculation Board (JAMB) examination forms for over 300
Dangote Refinery monopoly fuels Nigeria price hike debate
Human rights activist Deji Adeyanju has accused the Dangote Refinery of exploiting its dominant market position to impose excessive fuel