Naira Sharply Strengthens to N1,317/$ in Parallel Market
The Nigerian naira strengthened sharply against the US dollar in the parallel market on Thursday, marking its most significant single-day […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
UNCTAD Advises Nigeria to Diversify from Oil Revenue
The UN Conference on Trade and Development (UNCTAD) has urged Nigeria to accelerate economic diversification away from crude oil, warning
African Business News
Naira Depreciates Further in Official Market vs USD
The Nigerian naira experienced divergent movements across foreign exchange markets on Thursday, according to Central Bank of Nigeria (CBN) data,
Lagos ports set to receive 28 fuel, container vessels
A total of 28 vessels, carrying petroleum products, containerised cargo, and other commodities, are scheduled to arrive at Lagos ports
African Business News
NGX Lists First Commercial Paper with Dangote Cement
The Nigerian Exchange Limited (NGX) has recorded its first-ever Commercial Paper (CP) listing, marking a significant step in the development
ECB Fines JPMorgan €12.2M for Misreporting Risk, Largest Fine
The European Central Bank (ECB) has imposed a fine of 12.2 million euros ($14.4 million) on JPMorgan’s German branch, JPMorgan
EEDC Partial National Grid Collapse Darkens Southeast
Parts of Southeast Nigeria are experiencing a power outage following a partial collapse of the national grid, the Enugu Electricity
African Business News
Oil Rises on US-Iran Tension, Global Supply Fears
Oil prices rose on Thursday amid heightened geopolitical tensions between the United States and Iran, while major stock indices in
Energy Supply Threat by Hungary Slovakia to Ukraine Over Pipeline
Hungary and Slovakia have threatened to halt electricity and natural gas supplies to Ukraine after Kyiv blocked Russian oil transit
PENGASSAN Urges Stakeholder Engagement for Oil Sector Stability
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged sustained multistakeholder dialogue following the federal government’s
Petroleum, Commodities: 28 Ships to Arrive Lagos Ports
The Nigerian Ports Authority (NPA) has announced that 28 vessels carrying petroleum products and assorted commodities are scheduled to arrive
EEOC’s First DEI Lawsuit Targets Coca-Cola Women-Only Event
The US Equal Employment Opportunity Commission (EEOC) has filed its first lawsuit alleging that a workplace diversity event was unlawful,