African Business News

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AEDC workers issue notice to shutdown electricity supply in Abuja, three other Nigerian states

AEDC: Abuja, Kogi Power Outages Due to Technical Faults, Maintenance

By Ifunanya / August 10, 2025

Residents and businesses across parts of Nigeria’s Federal Capital Territory (FCT) and Kogi State are grappling with widespread power outages […]

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NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others

NNPC Retail Sacks Attendant, Suspends Manager Over Lagos Fraud

By Ifunanya / August 9, 2025

Nigeria’s state-owned NNPC Retail Limited has swiftly terminated a pump attendant and suspended a station manager following accusations of attempted […]

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Oando Appoints New Company Secretary • Channels Television

Oando PLC Names Folasade Ibidapo-Obe Chief Compliance Officer, Company Secretary

By Ifunanya / August 9, 2025

Nigerian energy company Oando PLC has named legal expert Folasade Ibidapo-Obe as its incoming Chief Compliance Officer and Company Secretary, […]

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Dangote Refinery Begins Phased Receipt Of 4, 000 CNG Trucks • Channels Television

Dangote’s CNG Trucks Aim to Cut Fuel Prices, Boost Nigeria’s Economy

By Ifunanya / August 9, 2025

Nigeria’s Dangote Refinery has launched a nationwide distribution initiative involving 4,000 Compressed Natural Gas (CNG)-powered trucks, aiming to overhaul the […]

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NOGASA resumes supply of petrol products to telcos to halt network shutdown

NOGASA Resumes Gas Supply to Telecoms to Avert Network Shutdown

By Ifunanya / August 9, 2025

Nigeria’s gas suppliers have temporarily suspended plans to cut off critical fuel deliveries to telecom operators, reversing a decision that […]

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Indian Refiners Increase Crude Imports From Nigeria After Russia Ban • Channels Television

Nigeria Oil Exports Surge as India Shuns Russian Crude

By Ifunanya / August 9, 2025

Nigeria is poised to see a surge in crude oil exports in the coming months as Indian refiners pivot away […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

Dangote Refinery Denies Shutdown Claims, Maintains N850/Litre PMS Price

By Ifunanya / August 9, 2025

Dangote Petroleum Refinery has firmly denied rumors of operational shutdowns, asserting that its 650,000-barrel-per-day facility in Nigeria remains fully functional […]

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Nigeria's foreign direct investment drops by 70% to $126.29m

Nigeria’s FDI Plunges 70% in Q1 2025 Despite Rising Capital Inflows

By Ifunanya / August 9, 2025

Foreign direct investment in Nigeria plummeted by over 70% during the first quarter of 2025, signaling shifting priorities among global […]

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Africa's largest shea butter refinery opens in Niger State

Niger State Opens Africa’s Largest Shea Butter Facility to Boost Economy

By Ifunanya / August 9, 2025

In a move poised to elevate Nigeria’s role in the global shea trade, Salid Agriculture Nigeria Limited has inaugurated Africa’s […]

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Naira records highest appreciation against dollar since Trump's tarrif pause

Naira Strengthens as Nigeria’s External Reserves Hit $40.16 Billion

By Ifunanya / August 8, 2025

The Nigerian naira extended its recent upward trend in the official foreign exchange market this week, bolstered by a steady […]

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