African Business News

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

Dangote Refinery Denies Payments from IPMAN for Petroleum Products

By Ifunanya / November 1, 2024

Dangote Petroleum Refinery has firmly stated that it has not received any payments from the Independent Petroleum Marketers Association of […]

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Uganda’s Satisfaction with Kenya Ports Authority Rises as Modernization Efforts Pay Off

By Ifunanya / November 1, 2024

A new Customer Satisfaction Survey reveals that Ugandan users of Kenya’s Mombasa Port are increasingly satisfied with the Kenya Ports […]

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MEMAN Assures Nigerians of Petrol Availability

MEMAN Assures Nigerians of Petrol Availability

By Ifunanya / October 31, 2024

Nigeria’s Petrol Marketers Association Assures of Availability, Warns Against Panic Buying As Nigerians continue to navigate the ups and downs […]

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MTN Nigeria Posts N4.1bn Q3 Profit Amid Forex Losses.

MTN Nigeria Posts N4.1bn Q3 Profit Amid Forex Losses.

By Ifunanya / October 31, 2024

MTN Nigeria Posts Profit in Q3 Despite Ongoing Financial Challenges In a recent financial report, MTN Nigeria announced a profit […]

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New sanctions on Russian oil could trigger humanitarian crisis

New sanctions on Russian oil could trigger humanitarian crisis

By Ifunanya / October 31, 2024

New Western Sanctions on Russian Oil Risk Global Economic Chaos A further tightening of Western sanctions on Russian oil could […]

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Naira Appreciates To N1,725/$ In Parallel Market

By Ifunanya / October 30, 2024

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday. Similarly, the Naira […]

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Ghana To Import Petroleum Products From Dangote Refinery ‘To Reduce Prices’

By Ifunanya / October 29, 2024

The Ghana National Petroleum Authority (NPA) says it is considering buying petroleum products from the Dangote Petroleum Refinery once the […]

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picknpayexitsnigeriaafterfouryears

Pick N Pay Exits Nigeria After Four Years

By Ifunanya / October 29, 2024

Johannesburg, South Africa – South African grocery retailer, Pick n Pay, has announced its decision to exit the Nigerian market. The […]

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Nigeria's Oceangate to Turn Grenada into Energy Hub

Nigeria’s Oceangate to Turn Grenada into Energy Hub

By Ifunanya / October 26, 2024

Grenada Set to Become Major Energy Hub in Historic Partnership In a groundbreaking development, Nigerian oil and gas company, Oceangate […]

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FirstBank Quells Rumors, Says System Upgrade Won't Affect Customer Experience

FirstBank Quells Rumors, Says System Upgrade Won’t Affect Customer Experience

By Ifunanya / October 26, 2024

First Bank of Nigeria Clears Up Confusion Over System Upgrade Reports In a recent statement, First Bank of Nigeria clarified […]

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Slow Progress on Nigeria's Road Projects

Slow Progress on Nigeria’s Road Projects

By Ifunanya / October 26, 2024

16 Months On, Federal Roads Remain Death Traps Despite Administration’s Promise It’s been 16 months since the current administration vowed […]

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Naira Gains N0.78, Closes at N1600/$1 at Official Market

Naira Gains N0.78, Closes at N1600/$1 at Official Market

By Ifunanya / October 25, 2024

Nigeria’s Naira Closes Week on Strong Note, Appreciating Against Dollar In a welcome boost for Nigeria’s economy, the naira has […]

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IMF Denies Influencing Nigeria's Fuel Subsidy Removal

IMF Denies Influencing Nigeria’s Fuel Subsidy Removal

By Ifunanya / October 25, 2024

IMF Clears the Air on Nigeria’s Fuel Subsidy Removal In an effort to set the record straight, the International Monetary […]

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Kaduna Businesses Grounded by 2 Week Blackout

Kaduna Businesses Grounded by 2-Week Blackout

By Ifunanya / October 25, 2024

Kaduna State Businesses Struggle to Survive Amid Two-Week Blackout A prolonged power outage has thrown Kaduna State in Nigeria into […]

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N193bn Pension Backlog Threatens Nigerian Retirees

N193bn Pension Backlog Threatens Nigerian Retirees

By Ifunanya / October 25, 2024

Nigeria Pension Debt Hits N193 Billion Amid Rising Unpaid Arrears and Pensioner Protests The federal and state governments in Nigeria […]

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CBN Announces No Deadline for Old Naira Notes

CBN Announces No Deadline for Old Naira Notes

By Ifunanya / October 25, 2024

Nigeria’s Central Bank Dispels Rumors on Naira Banknotes Deadline In response to recent speculation surrounding the validity of old Naira […]

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IMF Wants Details on BRICS Cross Border Payments Plan

IMF Wants Details on BRICS Cross-Border Payments Plan

By Ifunanya / October 24, 2024

IMF Seeks Clarity on BRICS Cross-Border Payments System The International Monetary Fund (IMF) is seeking more information about a proposed […]

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Nigeria to Overhaul Livestock Sector

Nigeria to Overhaul Livestock Sector

By Ifunanya / October 24, 2024

Nigerian President Bola Tinubu hosted a high-stakes stakeholders forum at the Presidential Villa on Thursday, bringing together experts in the […]

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TCN Repairs 330kV Transmission Line After Disrupting Power in Nigerian

TCN Repairs 330kV Transmission Line After Disrupting Power in Nigerian Regions

By Ifunanya / October 24, 2024

Nigeria’s Transmission Company Embarks on Urgent Repairs After Nationwide Power Outage In a nationwide effort to restore power, the Transmission […]

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First Bank Upgrades: Temporary Disruptions Expected

First Bank Upgrades: Temporary Disruptions Expected

By Ifunanya / October 24, 2024

First Bank to Transition to New Cloud-Based Platform, Expecting Temporary Service Disruptions In a significant move to improve operational efficiency […]

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