CBN Tightens BVN Rules From May 1: What Account Holders Must Know
The Central Bank of Nigeria (CBN) is introducing stricter Bank Verification Number (BVN) regulations from May 1, 2026, aimed at […]
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.
Dangote Refinery Slashes Petrol Price to N1,200 Per Litre
Dangote Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS) by N75, bringing it down to N1,200 per
African Business News
Dangote Refinery Denies Petrol Price Increase Amid Market Volatility
Dangote Petroleum Refinery & Petrochemicals has clarified that it has not raised the price of Premium Motor Spirit (PMS), countering
African Business News
Naira Weakens to ₦1,389/$ Amid Ceasefire Boost
Naira Weakens to ₦1,389 Against the Dollar Following US-Iran-Israel Ceasefire The Nigerian naira depreciated to ₦1,389 against the US dollar
FTSE Russell Upgrades Nigeria to Frontier Market Status in September 2026
FTSE Russell, the global index provider, has announced that Nigeria will be reclassified from its current unclassified status to frontier
African Business News
IATA Warns Jet Fuel Recovery May Take Months Despite Hormuz Reopening
The International Air Transport Association (IATA) has warned that global jet fuel supplies are unlikely to return to normal for
Oil prices plunge stocks soar as US Iran agree ceasefire
Oil prices fell sharply and global stock markets surged on Wednesday after the United States and Iran agreed to a
African Business News
Nigerian Crude Falls Below $95/b Amid Iran-US Ceasefire Agreement
Nigerian Crude Falls Below $95/b After War Temporary Ceasefire Global crude oil prices, including Nigeria’s Bonny Light, have dropped sharply
NNPC Doubles Crude Oil Supply to Dangote Refinery in March
Crude oil deliveries from the Nigerian National Petroleum Company (NNPC) Limited to the Dangote Petroleum Refinery doubled in March, raising
African Business News
Dollar Falls Against Euro and Pound After Iran Truce
The US dollar weakened by nearly one percent against both the euro and the British pound in early European trading
Oil Prices Plunge Below $100 After Trump Announces Ceasefire
Oil prices fell sharply below $100 a barrel in early Asian trading on Wednesday after President Donald Trump announced a
Wumi Iledare Reacts to Tinubu’s PTDF and TCN Leadership Appointments
President Bola Tinubu has appointed Professor Shu’aib Aliyu as the new Executive Secretary of the Petroleum Technology Development Fund (PTDF),