Port Harcourt Refinery Ready in a Week, Profitability Issue
Port Harcourt Refinery Technically Ready for Restart Within Week, Says PENGASSAN The Port Harcourt Refinery’s old plant can resume operations […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
NRS Targets N40.7trn 2026 Revenue After N28.29trn 2025
The Nigeria Revenue Service (NRS) has set an ambitious revenue collection target of N40.7 trillion for the 2026 fiscal year,
Nigeria Urges Investors to 2025 Licensing Round with Reforms
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to participate in the country’s 2025 oil and
Access Bank Bidvest Bank Deal Collapses on Regulatory Delays
Access Holdings Plc has confirmed the collapse of its subsidiary Access Bank Plc’s proposed acquisition of South Africa’s Bidvest Bank
Russia Surpasses Saudi Arabia as China’s Top Crude Supplier
Russia’s seaborne crude oil exports to China surged to a record 1.86 million barrels per day (bpd) in January, a
African Business News
Nigeria Revenue Service 2025: ₦28.3trn, 2026 Target ₦40.7trn
Nigeria’s fiscal authority, the Nigeria Revenue Service (NRS), collected ₦28.3 trillion in 2025, a 30% increase from the ₦25.5 trillion
CAC: Banks Allow Inactive Firms, Undermine Anti-Corruption
The Corporate Affairs Commission (CAC) has accused financial institutions, particularly banks, of weakening Nigeria’s anti-corruption framework by conducting transactions with
Nigeria Africa’s No. 2 Onion Producer 2.1m Tonnes
Nigeria maintains its position as Africa’s second-largest onion producer, with annual output estimated at 2.1 million metric tonnes, valued at
African Business News
Fire Devastates Maradi Grand Market, Crippling Sahel Trade
A devastating fire destroyed a significant portion of Maradi’s Grand Market in Niger late Saturday and into Sunday, severely impacting
Port Harcourt Refinery 90% Rehabilitated, Restart in a Week
The Port Harcourt refinery, Nigeria’s oldest petroleum processing facility, has undergone rehabilitation to approximately 90 percent completion and could resume
FAAN Cargo Tariff Rises 114% to N15/kg at Lagos Airport
The Federal Airports Authority of Nigeria (FAAN) and representatives of Customs Licensed Cargo Agents have agreed to a significant increase
Nigerian stock market opens bullish, gains N1.4trn
The Nigerian stock market commenced the week with significant gains, as investors recorded a total increase of N1.424 trillion in