African Business News

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

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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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% […]

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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 […]

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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 […]

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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 […]

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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) […]

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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 […]

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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 […]

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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 […]

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NIBSS, Zone Collaborate to Enhance POS Transactions with Blockchain Technology

NIBSS, Zone Collaborate to Enhance POS Transactions with Blockchain Technology

By Ifunanya / August 20, 2024

NIBSS and Zone Payment Network Team Up to Enhance POS Transactions in Nigeria In a move aimed at revolutionising the […]

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