African Business News

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

NMDPRA seals oil, gas retail outlets in Delta over sharp practices

By Ifunanya / November 16, 2024

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed petroleum retail outlets and gas plants over sharp practices […]

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Bauchi, Kebbi, Sokoto most expensive states to live in Nigeria

By Ifunanya / November 16, 2024

The National Bureau of Statistics, NBS, has revealed that Bauchi, Kebbi and Sokoto are the three most expensive states to […]

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Tinubu’s reforms struggling to deliver meaningful results – IMF

By Ifunanya / November 16, 2024

Eighteen months after the implementation of Nigeria’s ongoing economic reforms, the International Monetary Fund (IMF) has observed that the fiscal […]

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Retire, go home – Inibehe Effiong slams Adeboye over ‘God saved Naira’ comment

By Ifunanya / November 16, 2024

A human rights lawyer, Inibehe Effiong, has told Pastor Enoch Adeboye of the Redeemed Christian Church of God, RCCG, to […]

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Naira depreciates against dollar to end week on negative note

By Ifunanya / November 15, 2024

The naira slumped further against the dollar at the foreign exchange market to end the week on a negative note. […]

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Tinubu: More hardship for Nigerians as food inflation rises to 39.16%

By Ifunanya / November 15, 2024

More woes for Nigerians as food inflation increased to 39.16 percent in October 2024 from 37.77 percent in September, under […]

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BREAKING: Food, fuel price hikes push Nigeria’s inflation to 33.88% in October

By Ifunanya / November 15, 2024

Food and petrol price hikes have pushed Nigeria’s inflation to 33.88 percent in October 2024, from 32.70 percent recorded in […]

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Rewane raises concern over Nigeria’s 2025 N47.9tn budget proposal

By Ifunanya / November 15, 2024

An economist, Bismark Rewane, has faulted the $75 per barrel crude oil price benchmark for Nigeria’s N47.9 trillion 2025 budget […]

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How UBA plans to raise N239.4bn via right issues – Elumelu

By Ifunanya / November 15, 2024

The Group Chairman of United Bank for Africa, Tony Elumelu, has announced that the bank has issued 6,839,884,274 ordinary shares […]

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Why FEC approved fresh $2.2bn borrowing plan for Nigeria – Finance Minister, Edun

By Ifunanya / November 15, 2024

The Minister of Finance, Wale Edun, has explained that the Federal Executive Council approved a fresh $2.2 billion borrowing plan […]

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Maiduguri airport set to commence first international flight operations

By Ifunanya / November 15, 2024

The General Muhammadu Buhari International Airport, Maiduguri, is set to commence full international operations by January 1, 2025, Media Talk […]

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Naira resumes depreciation against dollar

By Ifunanya / November 14, 2024

The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. FMDQ data […]

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NNPCL vows to hit 2mbpd crude production in Nigeria by December

By Ifunanya / November 14, 2024

The Nigerian National Petroleum Company Limited has vowed that it will achieve a two million barrels per day crude production […]

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Crude oil production: We’ve reached 1.8m barrels per day – NNPCL

By Ifunanya / November 14, 2024

The Nigerian National Petroleum Company Limited, NNPCL, has said it has reached the mark of 1.8 million barrels per day […]

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NNPC, Dangote Refinery secure gas sale agreement

By Ifunanya / November 14, 2024

The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of Nigerian National Petroleum Company Limited, has secured a gas […]

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Nigeria Customs secured N28.1bn worth of seizures in 2024 — Adeniyi

By Ifunanya / November 14, 2024

The Comptroller General of Nigeria Customs Service, Bashir Adeniyi, said the service made N28.1 billion worth of seizures as of […]

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We attracted $30bn investment commitments – Tinubu

By Ifunanya / November 14, 2024

President Bola Tinubu has revealed that within less than two years of his administration, Nigeria has successfully attracted $30 billion […]

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Seplat announces Nigerian govt approval for $1.3bn acquisition of MPNU

By Ifunanya / November 14, 2024

Seplat Energy Plc has announced that the Nigerian government has finally given consent to its $1.3 billion acquisition of Mobil […]

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BREAKING: Fuel crisis: NNPC announces fresh appointments

By Ifunanya / November 13, 2024

The Nigerian National Petroleum Company Limited has announced key leadership appointments, Media Talk Africa learnt. The company on Wednesday named […]

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Electricity: Enugu DisCo vows to end estimated billing

By Ifunanya / November 13, 2024

Mainpower Electricity Distribution Limited (MEDL), a subsidiary of Enugu Electricity Distribution Company, has vowed to eliminate estimated billing with the […]

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