African Business News

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

Nigeria Starts Naira for Crude Oil Sale with Dangote Refinery

Dangote Refinery: A Pathway to Silencing Africa’s Guns

By Ifunanya / October 8, 2024

Africa’s Path to Prosperity: Dangote Refinery Sets the Tone In a bold declaration, African Union Representative Mohammed Chambas has hailed […]

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Brent Crude Approaches $80 as Mideast Tensions Spur Export Fears

Brent Crude Approaches $80 as Mideast Tensions Spur Export Fears

By Ifunanya / October 7, 2024

Oil Prices Surge as Middle East Tensions Escalate The global oil market is experiencing a significant surge, with Brent crude […]

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Nigeria Customs Surpasses 2023 Revenue with N1.6tr Haul

Nigeria Customs Surpasses 2023 Revenue with N1.6tr Haul

By Ifunanya / October 7, 2024

Nigeria Customs Service Apapa Port Command Registers Historic Revenue Growth In a statement released on Monday, the Apapa Port Command […]

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Dangote Refinery Deal May Not End Fuel Queues

Dangote Refinery Deal May Not End Fuel Queues

By Ifunanya / October 7, 2024

Fuel Queues May Persist Despite Dangote Refinery Deal, Analyst Warns A deal between the Dangote Refinery and Nigeria National Petroleum […]

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Nigeria's Electricity Generation Drops Amid High Costs

Nigeria’s Electricity Generation Drops Amid High Costs

By Ifunanya / October 7, 2024

Nigeria’s Electricity Generation Peak Drops Amid High Energy Costs The National Control Centre in Nigeria has revealed that the country’s […]

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Nigeria’s Electricity Revenue Hits N887.86 Billion Amid Tariff Hike

By Ifunanya / October 7, 2024

Electricity Distribution Companies in Nigeria Rake in N887.86 Billion Amid Tariff Hike In the first seven months of 2024, electricity […]

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Right of Way Row: Nigeria's Digital Future in Jeopardy

Right of Way Row: Nigeria’s Digital Future in Jeopardy

By Ifunanya / October 7, 2024

Here is a report on the subject: Nigeria’s Digital Future Hinges on Right of Way Resolution, Experts Warn Nigeria’s aspiration […]

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Nigeria Begins Crude Oil, Fuel Sales in Naira

Nigeria Begins Crude Oil, Fuel Sales in Naira

By Ifunanya / October 6, 2024

Nigeria Commences Sale of Crude Oil and Refined Petroleum Products in Naira Nigeria has taken a bold step towards economic […]

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Biden Slammed for Wasting US Oil Reserves Amid MidEast Crisis

Biden Slammed for Wasting US Oil Reserves Amid MidEast Crisis

By Ifunanya / October 6, 2024

Biden’s Alleged Mismanagement of US Oil Reserves Sparks Debate Amid Escalating Middle East Tensions Kalu Aja, a financial analyst, has […]

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Nigeria Starts Naira for Crude Oil Sale with Dangote Refinery

Nigeria Starts Naira-for-Crude Oil Sale with Dangote Refinery

By Ifunanya / October 5, 2024

Nigeria’s Naira-for-Crude Sale Deal with Dangote Refinery Commences The Nigerian government has officially launched its Naira-for-crude sale deal with Dangote […]

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Nigeria Starts Selling Crude Oil in Naira

Nigeria Starts Selling Crude Oil in Naira

By Ifunanya / October 5, 2024

Federal Government Commences Sales of Crude Oil and Refined Products in Naira The Nigerian Federal Government has announced that it […]

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Nigerias 60M Daily Gamblers A 1B Industry Beckons

Nigeria’s 60M Daily Gamblers: A $1B Industry Beckons

By Ifunanya / October 5, 2024

Nigeria’s Thriving Gambling Industry: 60 Million Nigerians Gamble Daily, Says Director General The Director General of Cross Rivers State Lottery […]

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CBN Mandates FX Code Compliance by Dec 31 2024

CBN Mandates FX Code Compliance by Dec 31, 2024

By Ifunanya / October 5, 2024

Central Bank of Nigeria Takes Step Towards Better Foreign Exchange Regulation As part of its efforts to strengthen Nigeria’s foreign […]

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Petrol Price Hike Looms as Global Tensions Rise

By Ifunanya / October 4, 2024

Petrol Price Hike Looms Amid Israel-Iran Conflict Escalation As tensions escalate between Israel and Iran in the Middle East, Nigerian […]

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63 Items Exempted from Nigerias Value Added Tax VAT

63 Items Exempted from Nigeria’s Value-Added Tax (VAT)

By Ifunanya / October 4, 2024

Nigeria’s Federal Government Exempts 63 Items from Value-Added Tax The Nigerian Federal Government has exempted 63 items from Value-Added Tax […]

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Dangote Refinery Crude Oil Supply in Naira Delayed

Dangote Refinery Crude Oil Supply in Naira Delayed

By Ifunanya / October 4, 2024

Crude Oil Supply in Naira to Dangote Refinery Yet to Begin Amid Expectations Reports of a significant deal to supply […]

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Nigerias Electricity Firms Lose N2897 Billion to Unpaid Bills

Nigeria’s Electricity Firms Lose N28.97 Billion to Unpaid Bills

By Ifunanya / October 4, 2024

Nigeria’s Electricity Distributors Lose N28.97 Billion to Unpaid Bills in July 2024 Nigeria’s electricity distribution companies have experienced a significant […]

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CBN Introduces EFEMS to Boost FX Market Governance and Transparency

CBN Introduces EFEMS to Boost FX Market Governance and Transparency

By Ifunanya / October 4, 2024

Nigeria’s Central Bank Introduces Electronic Foreign Exchange Matching System to Boost Transparency and Market Efficiency The Central Bank of Nigeria […]

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Dangote Refinery Crude Oil Supply Delayed

Dangote Refinery Crude Oil Supply Delayed

By Ifunanya / October 4, 2024

Nigeria’s Naira-for-Crude Oil Deal Stalls as Deadline Passes The much-anticipated deal between the Nigerian National Petroleum Company Limited (NNPC) and […]

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Naira Gains Strength Against Dollar at FX Market

Naira Gains Strength Against Dollar at FX Market

By Ifunanya / October 3, 2024

Naira Rallies Against Dollar in Official Market Amid Increased Transactions The Nigerian naira has experienced a rare respite from its […]

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