African Business News

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

Zulum signs 2025 appropriation bill of N615.8 billion into law

By Ifunanya / January 6, 2025

Borno State Governor, Babagana Umara Zulum, has signed the 2025 appropriation bill of N615,857,950 billion into law. Zulum presented the […]

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Aba DisCo announces electricity tariff hike

Aba DisCo announces electricity tariff hike

By Ifunanya / January 6, 2025

Aba Power, a Nigerian electricity distribution company, has announced a more than 50 percent electricity tariff hike for customers within […]

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Proposed Trump tariffs could slash US consumer tech purchasing power – CAT

By Ifunanya / January 6, 2025

The Consumer Technology Association, CTA, has warned that tariffs proposed by President-elect Donald Trump could significantly reduce Americans’ ability to […]

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Tax reforms: How Nigerian governors cancelled meetings with us four times — Oyedele

By Ifunanya / January 6, 2025

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed how the Nigeria Governors’ […]

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Tax reforms: Nigerian Govt ready to make compromise over VAT controversy — Oyedele

By Ifunanya / January 6, 2025

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the Federal Government, […]

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BUA gives update on completion of $3.8bn refinery

By Ifunanya / January 5, 2025

BUA Refinery and Petrochemical has announced that it is on track to complete its $3.8 billion plant in Akwa Ibom. […]

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NNPCL: Energy Reforms Advocates raise alarm over alleged plan to cut Dangote Refinery’s crude allocation

By Ifunanya / January 5, 2025

Energy sector stakeholders, under the aegis of Energy Reforms Advocates of Nigeria, ERAN, on Sunday raised the alarm over alleged […]

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Warri Refinery: Oil marketers to start lifting petrol in February

By Ifunanya / January 5, 2025

Oil marketers target to start lifting Premium Motor Spirit from the 125,000 barrels per day Warri Refinery by February 2025. […]

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Sell Warri, Kaduna refineries – Petroleum marketers tell Nigerian Govt

By Ifunanya / January 4, 2025

Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian government to sell the Warri and Kaduna […]

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Warri, Port Harcourt refineries: ‘Absolute insult, disrespect’ – Obasanjo slams NNPCL

By Ifunanya / January 4, 2025

Former President Olusegun Obasanjo has described an open invitation by the Nigerian National Petroleum Company Limited, NNPCL, to tour the […]

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Investors earn N248bn in NGX

By Ifunanya / January 4, 2025

Trading in the Nigerian Exchange market maintained bullish run as investors ranked in N248 billion gain on Friday to close […]

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Global food prices declined by 2.1 percent In 2024 – FAO

By Ifunanya / January 4, 2025

Global food commodity prices declined by 2.1 percent in 2024 compared to the previous year. This is according to recent […]

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Naira extends gain against dollar

By Ifunanya / January 3, 2025

The Nigerian naira extended its gains against the dollar at the official foreign exchange market to close trading on Friday.Exchange […]

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MTN Nigeria to increase call, data tariffs by 100 percent

MTN Nigeria to increase call, data tariffs by 100 percent

By Ifunanya / January 3, 2025

The Chief Executive of MTN Nigeria, Karl Toriola, has said the telecommunications firm has sent a proposal to the Nigerian […]

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Global oil prices rise on first trading day in 2025

By Ifunanya / January 3, 2025

Global oil prices started the first trading day in 2025 on a positive note as Brent and WTI prices surged. […]

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Tinubu's 15 percent inflation targets for Nigeria in 2025 unrealistic - Rewane

Tinubu’s 15 percent inflation targets for Nigeria in 2025 unrealistic – Rewane

By Ifunanya / January 3, 2025

The Chief Executive of Financial Derivatives and popular economist, Bismark Rewane said President Bola Ahmed Tinubu’s 15 percent inflation target […]

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Naira appreciates against dollar on first workday in 2025

By Ifunanya / January 2, 2025

The naira appreciated against the dollar at the foreign exchange market upon resumption of business after the New Year holiday. […]

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Julius Berger’s Dedication to Community and Stakeholder Satisfaction

By Ifunanya / January 2, 2025

The indices of development in a community are multifaceted, encompassing economic growth, social development, and infrastructural progress. Among these, infrastructure—access […]

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Nine Nigerian banks earn N4.85 trillion on loan charges

By Ifunanya / January 2, 2025

Nigerian banks collectively earned N4.85 trillion in interest income on loans and advances to customers in the first nine months […]

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Nigerian govt begins Withholding Tax Regulations

Nigerian govt begins Withholding Tax Regulations

By Ifunanya / January 2, 2025

The Nigerian government has commenced the implementation of the ‘2024 Withholding Tax Regulations’. Media Talk Africa reports that the Deduction […]

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