African Business News

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

Bitcoin Surges Near $75,000 as U.S. Election Boosts Market Confidence

By Ifunanya / November 6, 2024

Bitcoin experienced a sharp rise on Tuesday, briefly reaching nearly $75,000 on the Binance trading platform, as Republican candidate Donald […]

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Nigeria Data Protection Commission Partners with Influencer to Boost Online Privacy Awareness

By Ifunanya / November 6, 2024

The Nigeria Data Protection Commission (NDPC) has underscored the critical importance of safeguarding Nigerians’ online data, as it formalized a […]

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PETROAN Accuses Dangote Refinery of Suppressing Competition in Nigeria’s Downstream Sector

By Ifunanya / November 4, 2024

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of attempting to suppress competition within […]

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China Files WTO Complaint Over EU Tariffs on Electric Vehicles

By Ifunanya / November 4, 2024

China has officially filed a complaint with the World Trade Organization (WTO) in response to new tariffs imposed by the […]

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Nigeria Scraps Fuel and FX Subsidies Amid Economic Strain.

Finance Minister Wale Edun Stands Firm on Economic Reforms in Forex, Oil Sectors

By Ifunanya / November 4, 2024

Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, reaffirmed the government’s commitment to its ambitious reforms in the […]

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IPMAN Rejects Dangote’s Claims of Substandard Petrol Imports in Nigeria

By Ifunanya / November 4, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed accusations by the Dangote Group that its members are importing […]

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Road Taxes Paid by Nigerians Surge 63% in 2023, Reveals NBS Report

By Ifunanya / November 4, 2024

Nigerians have significantly increased their road tax payments, with the National Bureau of Statistics (NBS) reporting a remarkable 63.36% rise […]

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Market Volatility Rises Ahead of US Presidential Election

By Ifunanya / November 4, 2024

As the United States approaches the election of its 47th President on November 5, investment markets, including stocks and cryptocurrencies, […]

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Dangote Petroleum Refinery Raises Alarm Over Substandard Fuel Blending Operations

By Ifunanya / November 4, 2024

The Dangote Petroleum Refinery has issued a warning to Nigerians regarding a new depot operated by an unnamed international trading […]

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Dangote Refinery Defends Fuel Pricing Amid Import Claims

By Ifunanya / November 3, 2024

Dangote Refinery has announced its petrol prices, selling at N990 per litre for truck deliveries and N960 per litre for […]

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Nigeria's Grid Collapses: TCN's Sincerity in Question?

MEDL Aims to Transform Power Supply in Enugu with New Measures

By Ifunanya / November 3, 2024

Enugu, Nigeria – The Managing Director of Mainpower Electricity Distribution Limited (MEDL), Ernest Mupwaya, has pledged to enhance power supply […]

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Kaduna State Leads Northern Region in Revenue Generation with N62.48 Billion in 2023

By Ifunanya / November 3, 2024

Kaduna State has emerged as the northern region’s top-performing state in internally generated revenue (IGR), amassing an impressive N62.48 billion […]

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Nigerian Hotels Face Shutdowns Amid Soaring Inflation

By Ifunanya / November 3, 2024

The high rate of inflation in Nigeria is significantly impacting the hospitality industry, with many hotels forced to shut down […]

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Nigerians Demand Price Transparency from Dangote Refinery Amid Controversy

By Ifunanya / November 3, 2024

Nigerians are expressing outrage over Dangote Refinery’s refusal to disclose the price of Premium Motor Spirit (PMS) months after it […]

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Nigeria Confirms Readiness to Host Africa Energy Bank Headquarters

By Ifunanya / November 3, 2024

Nigeria has officially confirmed its readiness to host the headquarters of the Africa Energy Bank (AEB), further strengthening its commitment […]

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SEC Postpones Third Quarter Capital Market Committee Meeting

By Ifunanya / November 2, 2024

The Securities and Exchange Commission (SEC) has announced the postponement of its Third Quarter Capital Market Committee (CMC) meeting, originally […]

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FIRS Opens Recruitment for NYSC Members Set to Complete Service by Year-End

By Ifunanya / November 2, 2024

The Federal Inland Revenue Service (FIRS) has invited National Youth Service Corps (NYSC) members nearing the end of their service […]

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Nigeria Soybean Coalition Aims to Boost Protein Sufficiency

By Ifunanya / November 2, 2024

The Nigeria Soybean Stakeholders Coalition (NSSC) has set an ambitious target to enhance the country’s protein sufficiency by increasing soybean […]

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Russian Billionaires Boost Net Worth by Over $26 Billion in 2024

By Ifunanya / November 2, 2024

The collective wealth of Russia’s wealthiest individuals surged by more than $26 billion since January 2024, as recorded by the […]

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Naira Strengthens Against Dollar in Official and Black Markets as November Begins

By Ifunanya / November 2, 2024

The naira showed a positive start to November 2024, appreciating against the dollar in both the official and parallel foreign […]

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