Amazon Data Centers Hit by Drone Strikes, Cloud Disrupted
Amazon Web Services (AWS) has reported physical damage to two of its data centres in the United Arab Emirates following […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nigeria Net FX Reserves Sharply Surge 772% in Two Years
Nigeria’s net foreign exchange reserves have increased dramatically, rising 772 percent over two years to reach $34.80 billion by the
Indian Airlines Resume Limited Mideast Flights for Stranded
Indian airlines have initiated limited commercial flights to parts of the Middle East to repatriate thousands of citizens stranded by
Oil prices surge as Middle East conflict disrupts supply
Oil prices surged and global equity markets declined on Tuesday as investors assessed the escalating conflict in the Middle East
NELFUND Extends Student Loan Application After Sensitisation
The Nigerian Education Loan Fund (NELFUND) has extended the deadline for its Student Loan Application Portal, responding to heightened public
Dangote Targets Steel, Power, Ports to Industrialize Africa
Aliko Dangote, President of the Dangote Group, has announced a major strategic expansion into steel production, electricity generation, and port
Nigeria Petrol Prices Rise on Crude Oil Surge, May Hit ₦1000
The ex-depot price of petrol has risen by ₦100 per litre at the Dangote Petroleum Refinery, a move that has
Naira Posts Record Single-Day Depreciation Against US Dollar
The Nigerian Naira experienced its steepest single-day decline on the official foreign exchange market this year, dropping to N1,378.03 per
Nigeria petrol price may hit N1,000 amid US-Iran war
Nigeria could see petrol prices reach ₦1,000 per litre if escalating geopolitical tensions in the Middle East are not contained,
Nigeria Private Sector PMI Rises, Inflation Eases in Feb
Nigeria’s private sector activity returned to growth in February, marking a recovery from a slow start to the year as
CAC Registrar-General Removal Rescinded by Senate Finance
Senate Finance Committee Reverses Call for Removal of CAC Registrar-General The Senate Committee on Finance has withdrawn its earlier resolution
Dangote Refinery hikes petrol to N874 on Iran-US crude rise
Dangote Refinery, Africa’s largest oil processing facility, has increased its wholesale petrol price to N874 per liter, up from N799,