African Business News

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

I meet financial obligations without NNPC, Ways & Means -Tinubu

By Ifunanya / December 24, 2024

President Bola Tinubu says for three straight months, he has fulfilled Nigeria’s financial obligations without touching remittance by Nigerian National […]

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Naira appreciates massively against dollar ahead Christmas holidays

By Ifunanya / December 23, 2024

The naira appreciated massively against the dollar in both parallel and official foreign exchange markets on Monday ahead of Christmas, […]

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Yuletide: Avoid panic buying, we’ve enough fuel – IPMAN urges Nigerians

By Ifunanya / December 23, 2024

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has urged Nigerians to avoid panic buying, assuring them that there is […]

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FCMB Group Shareholders Approve N340 Billion Capital Raise

FCMB Group Shareholders Approve N340 Billion Capital Raise

By Ifunanya / December 23, 2024

FCMB Group Plc has secured shareholder approval for a 340 billion naira capital raise. The approval, granted during an extraordinary […]

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Net FX inflow declines to $14.46bn in Q3 – CBN

By Ifunanya / December 23, 2024

The net foreign exchange inflow to the Nigerian economy in the third quarter of the year dropped by 2.97 percent […]

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Dangote fuel sells at N935/litre at MRS cheaper than NNPCL

By Ifunanya / December 23, 2024

Nigerians are buying Dangote Petrol at a reduced price of N935 per litre across MRS filling stations nationwide, N105 cheaper […]

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Court slams N30 million damages on MAON Homes and Facilities Management Ltd, Chibuzor Tony Okonkwo over assault on Emmanuel Jibunor

By Contributor / December 22, 2024

By Victor Okoye Lagos, Dec. 22, 2024 A Lagos State High Court has awarded the sum of over N30 million […]

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Fuel to sell N935 per litre nationwide from Monday – IPMAN

By Ifunanya / December 22, 2024

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has announced that the pump price of petrol will reduce to N935 […]

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Dangote Refinery to sell petrol at N935/litre nationwide

By Ifunanya / December 21, 2024

The Dangote Refinery has announced that its premium motor spirit, petrol, will be sold at N935 per litre through MRS […]

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Dangote hails Tinubu on impact of crude for Naira deal

By Ifunanya / December 21, 2024

President of the Dangote Industries Limited, Aliko Dangote, has lauded President Bola Tinubu over his role in ensuring the implementation […]

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NNPC reduces PMS price - Daily Post Nigeria

NNPC reduces PMS price – Media Talk Africa Nigeria

By Ifunanya / December 21, 2024

The Nigerian National Petroleum Company Limited has reduced its ex-depot prices of Premium Motor Spirit, petrol to N899 from N1020 […]

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Port Harcourt refinery stops operation again, NNPC keeps mum

By Ifunanya / December 21, 2024

There are indications that the state-owned Port Harcourt Refinery has stopped operation again less than a month after its rehabilitation. […]

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CBN gives fresh directive to BDCs, allows $25,000 weekly FX purchase

By Ifunanya / December 21, 2024

The Central Bank of Nigeria, CBN, has temporarily permitted Bureau de Change, BDC, operators to purchase up to $25,000 weekly […]

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Naira weakens against dollar – Media Talk Africa Nigeria

By Ifunanya / December 20, 2024

The naira depreciated against the dollar at both the official and parallel foreign exchange markets, ending the week on a […]

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Nigeria needs $20bn yearly investment to hit N1trn economy target — Finance Minister, Edun

By Ifunanya / December 20, 2024

The Minister of Finance, Wale Edun, said Nigeria needs to invest $20 billion annually to achieve its economic targets by […]

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Corruption: ICPC talks tough as Nigeria’s 330 MDAs fail financial, governance tests

By Ifunanya / December 20, 2024

The Independent Corrupt Practices and Other Related Offenses Commission, ICPC, has revealed that none of the Ministries, Departments, and Agencies, […]

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FG to engage Bloomberg to rebrand Nigeria

By Ifunanya / December 20, 2024

Nigerian Government plans to engage Bloomberg to rebrand the country’s global perception and attract foreign investments. The Federal Ministry of […]

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Nigeria launches N250bn Real Investment Fund

Nigeria launches N250bn Real Investment Fund

By Ifunanya / December 20, 2024

The Nigerian government has launched a N250 billion Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF). This was […]

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FCT-IRS rakes in N253bn in 2024

By Ifunanya / December 19, 2024

The Federal Capital Territory Internal Revenue Service, FCT-IRS, has announced that it generated a total of N252.83 billion in internally […]

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Fuel import hits 2.3bn litres despite Dangote, Port Harcourt refineries

‘Slash your fuel price’ – PETROAN urges NNPC to emulate Dangote Refinery

By Ifunanya / December 19, 2024

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPCL, to […]

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