African Business News

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

NNPCL Financials Under Scrutiny: Oil Expert Faults Audit Gaps and

NNPCL Financials Under Scrutiny: Oil Expert Faults Audit Gaps and Lack of Transparency

By Ifunanya / August 25, 2024

Oil Expert Blasts NNPCL’s Transparency Claims: “What You See Isn’t What You Get” A prominent oil and gas expert, Henry […]

Continue Reading
Rite Foods CEO Seeks Economic Growth and Job Creation through

Rite Foods CEO Seeks Economic Growth and Job Creation through Local Investment

By Ifunanya / August 24, 2024

Rite Foods CEO Emphasizes Passion for National Economy Development and Job Creation In a recent brand training and facility tour, […]

Continue Reading
Afreximbank Provides $650m Funding for Oando's Nigerian Agip Oil Company

Afreximbank Provides $650m Funding for Oando’s Nigerian Agip Oil Company Acquisition

By Ifunanya / August 24, 2024

African Export-Import Bank Provides $650m Funding for Oando’s Acquisition of Nigerian Agip Oil Company Limited In a major milestone for […]

Continue Reading
Afreximbank Facilitates $650m Deal for Oando's Acquisition of Nigerian Agip

Afreximbank Facilitates $650m Deal for Oando’s Acquisition of Nigerian Agip Oil Company Ltd

By Ifunanya / August 24, 2024

Afreximbank Facilitates $650m for Oando’s Acquisition of Nigerian Agip Oil Company Ltd The African Export-Import Bank (Afreximbank) has announced that […]

Continue Reading
Nigeria's Oil Industry Under Fire: PENGASSAN Questions Indian Expatriate Influx

Nigeria’s Oil Industry Under Fire: PENGASSAN Questions Indian Expatriate Influx

By Ifunanya / August 23, 2024

Nigerian Oil and Gas Industry Criticized for Over-Reliance on Indian Expatriates A growing concern has emerged in Nigeria’s oil and […]

Continue Reading
Dangote Refinery Completes Test Runs, Eyes September Start for Petrol

Dangote Refinery Completes Test Runs, Eyes September Start for Petrol Production

By Ifunanya / August 23, 2024

Nigeria’s Dangote Refinery Nears Completion, Set to Revolutionize Fuel Trade The Dangote refinery, a massive $20 billion project built by […]

Continue Reading
Raymond Dokpesi Jr: Retirement of DAAR Communications Management Team a

Raymond Dokpesi Jr: Retirement of DAAR Communications Management Team a “Long Overdue” Move to Revamp Organization

By Ifunanya / August 23, 2024

Exclusive Interview: Raymond Dokpesi Jr Opens Up on DAAR Communications’ Restructuring and the Future of the Company In an exclusive […]

Continue Reading

Fidelity Bank Defends Data Protection Practices Amid NDPC Investigation

By Ifunanya / August 23, 2024

Fidelity Bank Emphasizes Commitment to Data Protection and Corporate Governance In a recent statement, Meksley Nwagboh, Divisional Head of Brand […]

Continue Reading
NNPC Debunks Atiku's Claim of Hijack, Says No Political Interest

NNPC Debunks Atiku’s Claim of Hijack, Says No Political Interest Involved

By Ifunanya / August 23, 2024

NNPCL Debunks Atiku’s Claims of Hijack, Calls for Clarity on Business Operations The Nigerian National Petroleum Corporation Limited (NNPCL) has […]

Continue Reading
Fuel Crisis: Weak Distribution Chain and Insufficient Supply Blamed for

Fuel Crisis: Weak Distribution Chain and Insufficient Supply Blamed for Queues

By Ifunanya / August 23, 2024

Fuel Shortages in Nigeria: Association President Identifies Causes and Calls for Reforms Persistent queues at filling stations across Nigeria have […]

Continue Reading
NNPCL Debunks Atiku's Claims, Says No Sale of Retail Subsidiary

NNPCL Debunks Atiku’s Claims, Says No Sale of Retail Subsidiary to OVH

By Ifunanya / August 22, 2024

NNPCL Debunks Atiku’s Claims, Insists No Political Interests The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims made by […]

Continue Reading
Fidelity Bank Disputes Data Breach Allegations by NDPC, Claims Compliance

Fidelity Bank Disputes Data Breach Allegations by NDPC, Claims Compliance with Data Protection Laws

By Ifunanya / August 22, 2024

Fidelity Bank Disputes Data Breach Allegations by Nigerian Data Protection Commission Fidelity Bank has denied allegations of data breach by […]

Continue Reading
EU Slaps Tariffs on Chinese Made EVs, Tesla Exempts

EU Slaps Tariffs on Chinese-Made EVs, Tesla Exempts

By Ifunanya / August 22, 2024

EU Imposes Tariff on China-Made Electric Cars, Beijing Objects The European Commission has announced plans to impose an additional 9% […]

Continue Reading
World Bank Commends Kogi State's Livestock Sector Investment Boosting Rural

World Bank Commends Kogi State’s Livestock Sector Investment Boosting Rural Income

By Ifunanya / August 22, 2024

Nigeria’s Livestock Sector Boosted with Heavy Investment from World Bank, Federal Government, and Kogi State Government Lagos, Nigeria – The […]

Continue Reading
Investors Must Disclose ID Requirements for Federal Government's $500m Bond

Investors Must Disclose ID Requirements for Federal Government’s $500m Bond

By Ifunanya / August 22, 2024

Nigeria Releases $500m Domestic Dollar Bond with Stringent Identification Requirements The Federal Government of Nigeria has announced a domestic dollar […]

Continue Reading
MEMAN Reveals Factors Behind Petrol Price Hike in Nigeria Landing

Nigeria Petrol Prices Soar 28% to N770.54 per Litre in July 2024

By Ifunanya / August 21, 2024

Petrol Prices Skyrocket in Nigeria: Average Price per Litre Reaches N770.54 The National Bureau of Statistics (NBS) has announced a […]

Continue Reading
Nigeria Transfers Electricity Regulation to Edo State Authority Under New

Nigeria Transfers Electricity Regulation to Edo State Authority Under New Laws

By Ifunanya / August 21, 2024

Nigerian Electricity Regulatory Commission Transfers Regulatory Oversight to Edo State In a significant move, the Nigerian Electricity Regulatory Commission (NERC) […]

Continue Reading
BUA Foods Partners IMAS to Build 4 New Wheat and

BUA Foods Partners IMAS to Build 4 New Wheat and Flour Milling Factories in Nigeria

By Ifunanya / August 21, 2024

BUA Foods to Build Four New Flour Milling Factories in Nigeria Nigerian food processing giant, BUA Foods Plc, has signed […]

Continue Reading
Labour Strikes Threaten Nigeria's National Grid and Telecom Services

Labour Strikes Threaten Nigeria’s National Grid and Telecom Services

By Ifunanya / August 21, 2024

Tension in Nigeria as Labor Union Threatens to Shut Down National Grid Nigeria is bracing itself for a potential economic […]

Continue Reading
IPMAN Blames NNPCL for Fuel Scarcity, Calls for Fair Distribution

IPMAN Blames NNPCL for Fuel Scarcity, Calls for Fair Distribution of Products

By Ifunanya / August 20, 2024

Petroleum Marketers Association of Nigeria Cries Out Over Lack of Supply from Nigerian National Petroleum Company Limited The Independent Petroleum […]

Continue Reading
Scroll to Top