African Business News

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

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Musk vs. Altman: Apple Antitrust Clash Over ChatGPT Favoritism

By Ifunanya / August 13, 2025

A public clash erupted this week between tech mogul Elon Musk and OpenAI CEO Sam Altman after Musk accused Apple […]

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‘Sell Crude In Naira To Reduce Fuel Price’, NLC Urges FG

NLC Urges FG: Sell Crude to Dangote in Naira to Cut Fuel Prices

By Ifunanya / August 13, 2025

Nigeria’s leading labor union has called on the federal government to prioritize domestic sales of crude oil in the local […]

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Dangote Refinery Cuts Petrol Price ₦30, Launches CNG Trucks

By Ifunanya / August 13, 2025

Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦30 per […]

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Dangote Refinery Cuts Petrol Price by ₦30, Deploys CNG Trucks

By Ifunanya / August 13, 2025

Nigeria’s Dangote Petroleum Refinery, one of Africa’s largest oil facilities, has lowered the ex-depot price of Premium Motor Spirit (PMS), […]

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EIA Predicts Below $60 Crude Prices By Q4 • Channels Television

EIA Predicts Brent Crude Below $60 in 2025 Amid Oversupply

By Ifunanya / August 13, 2025

Global oil markets face renewed pressure as U.S. energy analysts project Brent crude prices could fall to their lowest levels […]

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Oil Prices Flat as Politics and Petroleum Collide

By Ifunanya / August 13, 2025

Oil prices held steady on Wednesday as markets weighed mixed signals from U.S. inventory reports and geopolitical developments, including a […]

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Global EV Sales Growth Slows to 21% in July as China Momentum Cools

By Ifunanya / August 13, 2025

Global electric vehicle sales growth moderated in July, expanding 21% year-on-year to 1.6 million units—the smallest increase since January—as China’s […]

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Fuel importation drops by 30m litres in Nigeria - NMDPRA reveals

Jun 2025 Fuel Consumption Drops 16% to 1.44bn Litres – NMDPRA

By Ifunanya / August 13, 2025

Nigeria’s midstream and downstream petroleum sectors faced a notable downturn in June 2025, with nationwide fuel consumption plunging by 16.4% […]

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NSDC Urges Farmers, Investors To Tap Into $2bn Nigerian Sugar Market • Channels Television

Invest in Nigeria’s Sugar Sector: Gov’t Incentives & AfCFTA Access Await

By Ifunanya / August 13, 2025

Nigeria’s National Sugar Development Council (NSDC) has intensified efforts to attract global and local investors to the country’s growing sugar […]

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Biometrics and Access Keys: The Uncertain Future of Passwords

By Ifunanya / August 13, 2025

The slow decline of the traditional password is accelerating as major technology firms push biometric authentication and device-based access keys […]

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