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 blames NUPRC and IOCs for crude oil supply

Dangote Refinery Petrol Price to be Determined by Federal Executive Council

By Ifunanya / September 3, 2024

Dangote Refinery to Roll Out Petrol in 48 Hours, Price to be Determined by Federal Executive Council Aliko Dangote, the […]

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US Government Denies Ban on Nigerian Airlines: Clarifies De listing Criteria

US Government Denies Ban on Nigerian Airlines: Clarifies De-listing Criteria

By Ifunanya / September 3, 2024

US Government Clarifies Status of Nigerian Airlines The Nigerian Federal Government has issued a statement to clarify the current status […]

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Naira Strengthens Against Dollar, Appreciates to N1585.77

By Ifunanya / September 2, 2024

Naira’s Gains Against Dollar Provide Positive Start to the Week The Nigerian naira has made a strong comeback against the […]

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Nigerians to Spend 54.9% of Income on Food as Inflation

Nigerians to Spend 54.9% of Income on Food as Inflation Reaches 33.40%

By Ifunanya / September 2, 2024

Rising Inflation to Force Nigerians to Spend More on Food Inflation in Nigeria is projected to continue its upward trajectory, […]

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Nigeria's Letter of Credit Payments Plummet 57% in 7 Months

Nigeria’s Letter of Credit Payments Plummet 57% in 7 Months

By Ifunanya / September 2, 2024

Nigeria’s Letter of Credit Payments Plummet by 57% in First Seven Months of 2024 The Central Bank of Nigeria (CBN) […]

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Nigeria's Letter of Credit Payments Plummet 57.04% in 7 Months

Nigeria’s Letter of Credit Payments Plummet 57.04% in 7 Months Due to FX Unstable

By Ifunanya / September 2, 2024

Nigeria’s Letter of Credit Payments Drop by 57% in Seven Months Nigeria’s Letter of Credit (LC) payments have plummeted by […]

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National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

TCN Confirms Capacity to Transmit 6,000MW of Electricity Nationally

By Ifunanya / September 1, 2024

Nigeria’s Transmission Company Boosts Capacity to 6,000MW Abuja, Nigeria – The Transmission Company of Nigeria (TCN) has announced its ability […]

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Tinubu, Kaduna Governor Sani Visit China for Investment and Cooperation

Tinubu, Kaduna Governor Sani Visit China for Investment and Cooperation

By Ifunanya / September 1, 2024

Kaduna State Governor Joins Nigerian President on Historic China Visit Nigeria’s President Bola Tinubu has embarked on a groundbreaking state […]

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Nigeria's Costly Business Environment Worrisome, Says SBI Limited CEO

Nigeria’s Costly Business Environment Worrisome, Says SBI Limited CEO

By Ifunanya / September 1, 2024

Nigeria’s High Cost of Doing Business: CEO SBI Limited Laments In a statement released on Sunday, Daniel Newman, Chief Executive […]

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Nigeria’s President Tinubu Strengthens Ties with China on Historic Visit

By Ifunanya / September 1, 2024

Strengthening Ties: President Bola Tinubu’s Historic Visit to China President Bola Tinubu’s state visit to China is set to mark […]

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Nigeria's Healthy Diet Cost Rises 1.9% to N1,265 in July

Nigeria’s Healthy Diet Cost Rises 1.9% to N1,265 in July 2024

By Ifunanya / August 31, 2024

Nigeria’s Healthy Diet Costs Rise 1.9% in July 2024 A recent report by the National Bureau Statistics reveals that the […]

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Deputy Governor Highlights Access to Finance As Key To Boosting

Deputy Governor Highlights Access to Finance As Key To Boosting Farming Ventures In Rural Ogun Communities

By Ifunanya / August 31, 2024

Deputy Governor Cites Access to Finance as Key to Revitalizing Rural Communities Ogun State Deputy Governor, Noimot Salako-Oyedele, has emphasized […]

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Naira Records Consecutive Gains Against Dollar Despite Nationwide Protests

Naira Slumps Against Dollar on Official, Parallel Markets

By Ifunanya / August 31, 2024

Naira Slumps Against Dollar as Foreign Exchange Market Fluctuates The Nigerian naira suffered a significant decline against the US dollar […]

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Nigeria's Former Governor Calls for Energy Price Reduction to Boost

Nigeria’s Former Governor Calls for Energy Price Reduction to Boost Economy

By Ifunanya / August 30, 2024

Energy Prices Must Come Down: Ex-Nigerian Governor Calls for Economic Productivity In a recent interview on Inside Sources with Laolu […]

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Aradel Energy Secures 100% Acquisition of NNPC and TotalEnergies Marginal

Aradel Energy Secures 100% Acquisition of NNPC and TotalEnergies Marginal Fields for $16M

By Ifunanya / August 30, 2024

Aradel Energy Secures 100% Acquisition of Nigerian National Petroleum Company Limited In a significant development, Nigerian Indigenous oil company, Aradel […]

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Zamfara State Governor Flags Off ₦6.6bn Road Construction Project

Zamfara State Governor Flags Off ₦6.6bn Road Construction Project

By Ifunanya / August 30, 2024

Zamfara State Embarks on Major Road Construction Project to Enhance Connectivity and Economic Growth The Governor of Zamfara State, Dauda […]

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National Grid: Arcing Cause of Outage, Not Collapse Claims TCN

TCN Pays Vigilantes to Protect Facilities Amid Vandalism Fears

By Ifunanya / August 30, 2024

Nigeria’s Power Grid Operator Pays Vigilantes to Protect Facilities In a surprising move, the Transmission Company of Nigeria (TCN) has […]

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Economist Rewane Slams 70% Windfall Tax on Banks as Punitive

Economist Rewane Slams 70% Windfall Tax on Banks as Punitive and Deterrent to Investors

By Ifunanya / August 30, 2024

Economist Warns Against 70% Windfall Tax on Banks A renowned economist, Bismarck Rewane, has warned that the 70% windfall tax […]

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Naira Strengthens Against Dollar as Exchange Rate Appreciates

Naira Strengthens Against Dollar as Exchange Rate Appreciates

By Ifunanya / August 30, 2024

Naira Appreciates against Dollar, Black Market Exchange Rate Dips In a recent development on the foreign exchange market, the Nigerian […]

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Aba Power Plant Faces Crisis: Unreliable Gas Supply Hinders State's

Aba Power Plant Faces Crisis: Unreliable Gas Supply Hinders State’s Economic Growth

By Ifunanya / August 29, 2024

Gas Shortage Hits Aba Power Plant, Affecting Economic Growth Aba, Nigeria – Geometric Power, a leading power generation company, has […]

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