African Business News

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

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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Naira Depreciates Against Dollar, Falls to N1579.22 Per Dollar

Naira Depreciates Against Dollar, Falls to N1579.22 Per Dollar

By Ifunanya / August 20, 2024

Naira Takes a Tumble Against the Dollar in Fresh Start to the Week In a gloomy opening to the week, […]

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Naira Payments for Crude Oil Sales to Dangote Refinery to

Naira Payments for Crude Oil Sales to Dangote Refinery to Commence Oct 1, 2024

By Ifunanya / August 19, 2024

Nigeria to Commence Crude Oil Sales to Local Refineries in Naira from October 1, 2024 The Nigerian Federal Government has […]

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COP28 NNPCL signs two LNG deals

NNPC Ltd. Declares Record N3.3 Trillion Profit for 2023

By Ifunanya / August 19, 2024

Nigerian National Petroleum Company Declares Record-Shattering Profit of N3.3 Trillion In a recent announcement, the Nigerian National Petroleum Company Limited […]

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Nigeria Plans to Strengthen Laws for Stolen Artefacts Recovery

Nigeria Plans to Strengthen Laws for Stolen Artefacts Recovery

By Ifunanya / August 19, 2024

Nigerian Government Moves to Strengthen Laws for Stolen Artefact Recovery The Nigerian government is taking steps to strengthen laws that […]

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Federal Civil Servants Get One Week Extension to Verify Identity on

Federal Civil Servants Get One-Week Extension to Verify Identity on IPPIS Portal

By Ifunanya / August 19, 2024

Federal Government Extends Deadline for Civil Servants to Verify their Information on IPPIS Portal In its latest move to curb […]

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Nigeria's Petroleum Scarcity: NNPCL's Shady Deals with Tank Farm Owners

Nigeria’s Petrol Price Jumps 2.72% to N770.54 per Liter in July 2024

By Ifunanya / August 19, 2024

Nigeria’s Fuel Price Soars to Record High, Lagos and Abuja Hit with Scarcity In a development that has sent shockwaves […]

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