African Business News

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

Fresh fuel price reduction imminent – NNPC ex-MD, Okoye

By Ifunanya / November 30, 2024

The former Managing Director of Nigerian National Petroleum Company Limited Retail, Prof. Billy Okoye, has said the implementation of deregulation […]

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Okonjo-Iweala's expertise earned her WTO re-appointment - Oborevwori

Okonjo-Iweala’s expertise earned her WTO re-appointment – Oborevwori

By Ifunanya / November 30, 2024

Delta State Governor, Hon. Sheriff Oborevwori, has congratulated, Dr Ngozi Okonjo-Iweala on her reappointment as Director-General of the World Trade […]

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Port Harcourt refinery yet to commence bulk sales – NNPCL

By Ifunanya / November 30, 2024

The Nigeria National Petroleum Company Limited, NNPCL, says the Port Harcourt Refining Company, PHRC, has not yet begun bulk sales, […]

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Nigerian government secures €300m development finance deal with France

By Ifunanya / November 29, 2024

The Nigerian government has announced that it has secured a €300 million worth of development financing partnership with the French […]

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Port Harcourt Refinery: NNPCL will further slash PMS price – PETROAN

By Ifunanya / November 29, 2024

The President of the Petroleum Products Retail Outlet Owners Association, PETROAN, said it is working to ensure that Nigerian National […]

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Port Harcourt Refinery: NNPC clears air on truck-out of three-year-old petroleum products

By Ifunanya / November 29, 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked allegations made by Timothy Mgbere, the Secretary of the Alesa […]

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Port Harcourt refinery to sell PMS at N1,030 — PETROAN

By Ifunanya / November 29, 2024

The Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN, has announced that the Port Harcourt refinery will sell petrol […]

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Investors in NGX gain N306bn

By Ifunanya / November 29, 2024

The Nigerian Exchange, NGX, recorded a rebound on Thursday as investors raked in a N306 billion gain after several days […]

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MEMAN opens up on factors affecting petrol pricing in Nigeria

By Ifunanya / November 28, 2024

The Major Energies Marketers Association of Nigeria, MEMAN, has elaborated on the various factors that affect petrol pricing in Nigeria. […]

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Port Harcourt Refinery: Without PMS blending, fuel price would’ve been N10,000 per litre – PETROAN

By Ifunanya / November 28, 2024

President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has clarified the controversy surrounding the […]

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FCID detains Bureau De Change operator over N320m fraud

By Ifunanya / November 28, 2024

The Force Criminal Investigation Department, FCID, has detained a self-acclaimed licensed Bureau De Change, BDC, operator, Chinedu Ngwaka, over alleged […]

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Port Harcourt Refinery: NNPC speaks on petrol price as oil marketers threaten boycott

By Ifunanya / November 28, 2024

The Nigerian National Petroleum Company has clarified that it is yet to unveil a price template for Port Harcourt Refinery’s […]

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Port Harcourt Refinery: PETROAN disowns spokesman over new price

By Ifunanya / November 28, 2024

The President of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Billy Gillis-Harry, has refuted the claims made […]

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Naira appreciates against dollar at black market

By Ifunanya / November 28, 2024

The naira appreciated against the dollar at the parallel foreign exchange market (black market). Abubakar Alhassan, a Bureau of De […]

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ASR Africa commences construction of N250 million Abdul Samad Rabiu Laboratory Complex at University of Lagos

By Ifunanya / November 27, 2024

The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu […]

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Nigerian government spent N8.8bn to repair 128 vandalised electricity towers in 2024 – TCN

By Ifunanya / November 27, 2024

The Transmission Company of Nigeria, TCN, has revealed that it has spent N8.8 billion to repair 128 vandalised electric towers […]

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Buy 2 million litres of fuel at N970 – Dangote to Nigerians

By Ifunanya / November 27, 2024

Dangote Petroleum Refinery has said its customers can purchase a minimum of two million litres of Premium Motor Spirit, PMS, […]

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ZIRS seals more business premises over tax debts

By Ifunanya / November 27, 2024

The committee constituted by the Zamfara State Internal Revenue Service (ZIRS) has continued sealing shops and business premises of individuals […]

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Port Harcourt Refinery: Things Nigerians should know

By Ifunanya / November 27, 2024

The commencement of crude oil processing at Port Harcourt Refinery has attracted jubilation among Nigerians. This comes as the state-owned […]

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Port Harcourt Refinery: Why fuel price can’t crash to N700 – Tonye Cole

By Ifunanya / November 27, 2024

A former governorship candidate in Rivers State, Pastor Tonye Cole, has said that Nigerian refineries cannot sell a litre of […]

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