African Business News

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

National Assembly Sensationalising NNPCL ₦210tn Probe – Energy Prof, Iledare • Channels Television

NNPCL ₦210T Audit: Expert Insights on Refinery Reforms and Transparency

By Ifunanya / August 2, 2025

Amid scrutiny over a staggering ₦210 trillion audit involving Nigeria’s state-owned oil giant, energy experts are urging nuanced dialogue to […]

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BREAKING: Nigerian filling stations increase fuel price

Nigerian Petrol Prices Surge as Dangote Refinery, Depots Hike Ex-Depot Rates

By Ifunanya / August 2, 2025

Nigerian motorists are grappling with a sharp rise in petrol prices following adjustments to wholesale fuel rates by the country’s […]

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Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting

NOGASA Urges Tinubu to Halt Dangote Fuel Distribution Over Job Loss Fears

By Ifunanya / August 2, 2025

A major Nigerian industry group has called for government intervention to halt a controversial fuel distribution strategy by Africa’s largest […]

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Heathrow’s £49B Expansion: Third Runway to Serve 150M Passengers Annually

By Ifunanya / August 2, 2025

London’s Heathrow Airport has announced a £49 billion ($65 billion) expansion plan, featuring a long-debated third runway, following years of […]

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Dangote Refinery appoints new CEO David Bird

Dangote Refinery Names David Bird CEO for $20B Expansion Push

By Ifunanya / August 2, 2025

Nigeria’s Dangote Refinery, one of Africa’s largest oil refining projects, has appointed David Bird, former CEO of Oman’s Duqm Refinery, […]

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Senegal Unveils $10B Debt Plan with Tax Hikes, Energy Reforms

By Ifunanya / August 2, 2025

Senegal has announced a three-year fiscal overhaul aiming to raise nearly $10 billion to address a mounting debt crisis, with […]

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Russia’s rich grow richer — RT Business News

Russian Tycoons Gain $20B in H1 2025 as Commodities Drive Wealth Surge

By Ifunanya / August 2, 2025

Russia’s wealthiest individuals saw their combined fortunes grow by $20.4 billion during the first half of 2025, fueled largely by […]

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Naira depreciates against dollar across official, black markets after Easter holidays

Naira Holds Steady Against Dollar in August 2025 FX Markets

By Ifunanya / August 2, 2025

Against a backdrop of mixed economic signals, Nigeria’s currency held steady against the U.S. dollar across both formal and informal […]

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Task Force Busts Oil Black Marketers In Oyo • Channels Television

Oyo Task Force Busts Diesel Black Market on Lagos-Ibadan Expressway

By Ifunanya / August 2, 2025

Authorities in southwest Nigeria’s Oyo State have dismantled an illegal diesel operation along a major highway, arresting 16 individuals and […]

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AfDB Disburses Funds to Boost Nigeria’s Energy Transition

By Ifunanya / August 1, 2025

Nigeria, Africa’s most populous nation, has received a significant financial boost towards its energy transition efforts. The African Development Bank […]

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