African Business News

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

Import licence: NNPCL asks court to strike out Dangote Refinery’s suit

By Ifunanya / November 20, 2024

The Nigeria National Petroleum Corporation Limited, NNPCL, has asked a Federal High Court sitting in Abuja to strike out a […]

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FCMB partners with EStars to bring Esports Education to Nigerian schools

By Ifunanya / November 20, 2024

First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce […]

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FCCPC uncovers fake sugar products in Nigerian markets

By Ifunanya / November 20, 2024

The Federal Competition and Consumer Protection Commission has uncovered the widespread presence of substandard and unregistered sugar products in Nigerian […]

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Nigeria’s Dangote Refinery allegedly begins petrol exports to West Africa – Report

By Ifunanya / November 20, 2024

Nigeria’s Dangote Refinery, owned by Africa’s richest man, Aliko Dangote, has begun the export of refined petroleum products to neighbouring […]

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Oil thieves barons in Lagos, Abuja want me dead – Tompolo

By Ifunanya / November 20, 2024

The owner of Tantita Security Services Nigeria Limited, Government Ekpemupolo, popularly known as Tompolo, has claimed that top oil thieves […]

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AfCFTA can reduce unemployment, boost Nigeria’s economy – IATP

By Ifunanya / November 20, 2024

The Initiative for African Trade and Prosperity has said that the African Continental Free Trade Agreement can help Nigeria reduce […]

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Naira appreciates against dollar – Media Talk Africa Nigeria

By Ifunanya / November 19, 2024

The naira appreciated against the dollar at the official foreign exchange market for the first time since last week. FMDQ […]

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CBN uncovers fake SWIFT messages fraud, warns Nigerians

By Ifunanya / November 19, 2024

The Central Bank of Nigeria, CBN, has uncovered a fresh fake SWIFT message scheme and warned Nigerians and the general […]

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Proposed tax bills aim at getting rid of low revenue-yielding taxes – Oyedele

By Ifunanya / November 19, 2024

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

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Energy group laments high importation of fuel amid NNPCL decision to patronise local refineries

By Ifunanya / November 19, 2024

The Energy Reforms Advocates of Nigeria (ERAN) has raised concerns over the increasing importation of petroleum products in Nigeria, despite […]

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Tinubu’s tax reform bills: FIRS reveals three states receiving 70% VAT in Nigeria

By Ifunanya / November 19, 2024

The Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji, has said the current tax law benefits only three […]

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Dangote: Petrol price cuts may force Nigeria’s inflationary pressures down – Economists

By Ifunanya / November 19, 2024

Nigerian economists and financial analysts say the recent drop in price of Premium Motor Spirit (Petrol) upon direct fuel purchase […]

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Naira records significant depreciation against dollar

By Ifunanya / November 18, 2024

The Nigerian naira has continued significant depreciation against the dollar at the foreign exchange market as FX supply dropped at […]

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Road now clear for private investors to invest in Nigeria – Minister of Finance, Edun

By Ifunanya / November 18, 2024

The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, has declared that the road is now […]

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Flutterwave CEO Olugbenga Agboola appointed to Smithsonian’s National Museum of African Art Advisory Board

By Ifunanya / November 18, 2024

Flutterwave Founder and CEO, Olugbenga ‘GB’ Agboola, has been appointed to the advisory board of the Smithsonian’s National Museum of […]

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It’s your responsibility to replace faulty customers’ electricity metres — NERC warns DISCOS

By Ifunanya / November 18, 2024

The Nigerian Electricity Regulatory Commission has warned Electricity Distribution Company that it is their responsibility to replace customers’ faulty metres. […]

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Dangote targets billions in loans to boost crude supply – Report

By Ifunanya / November 18, 2024

Africa’s richest man, Aliko Dangote, is seeking billions in loans to boost crude supply for his newly built refinery in […]

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Petrol price drop: Dangote, IPMAN sign 60m litres weekly fuel deal

By Ifunanya / November 18, 2024

Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria have signed a 60 million-litre weekly Premium Motor Spirit supply […]

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World Bank uncovers $32m missing funds in Nigeria’s water project

By Ifunanya / November 17, 2024

The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’ […]

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Trouble looms as Nigeria’s external debt may hit $45.1bn by end of 2024

By Ifunanya / November 17, 2024

There are indications of a looming debt crisis as Nigeria’s external debt may rise to $45.1 billion by the end […]

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