African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Nasarawa State has joined a growing list of Nigerian states assuming control of their electricity markets under a nationwide decentralization […]
Continue ReadingA prominent energy expert has called for caution in assessing Nigeria’s state-owned oil company amid a multi-trillion-naira audit inquiry, stressing […]
Continue ReadingA Nigerian power distribution firm has sparked sharp public discourse after likening electricity theft to kidnapping in severity, framing the […]
Continue ReadingAmid scrutiny over a staggering ₦210 trillion audit involving Nigeria’s state-owned oil giant, energy experts are urging nuanced dialogue to […]
Continue ReadingNigerian motorists are grappling with a sharp rise in petrol prices following adjustments to wholesale fuel rates by the country’s […]
Continue ReadingA major Nigerian industry group has called for government intervention to halt a controversial fuel distribution strategy by Africa’s largest […]
Continue ReadingLondon’s Heathrow Airport has announced a £49 billion ($65 billion) expansion plan, featuring a long-debated third runway, following years of […]
Continue ReadingNigeria’s Dangote Refinery, one of Africa’s largest oil refining projects, has appointed David Bird, former CEO of Oman’s Duqm Refinery, […]
Continue ReadingSenegal has announced a three-year fiscal overhaul aiming to raise nearly $10 billion to address a mounting debt crisis, with […]
Continue ReadingRussia’s wealthiest individuals saw their combined fortunes grow by $20.4 billion during the first half of 2025, fueled largely by […]
Continue ReadingAgainst a backdrop of mixed economic signals, Nigeria’s currency held steady against the U.S. dollar across both formal and informal […]
Continue ReadingAuthorities in southwest Nigeria’s Oyo State have dismantled an illegal diesel operation along a major highway, arresting 16 individuals and […]
Continue ReadingNigeria, Africa’s most populous nation, has received a significant financial boost towards its energy transition efforts. The African Development Bank […]
Continue ReadingSouth Africa scrambled for a trade lifeline as U.S. tariffs loom President Cyril Ramaphosa is leveraging a week-long respite in […]
Continue ReadingOil Firm Sabotage Plot Alleged, Nigerian Admin Urged to Intervene A plot aimed at undermining the Nigerian National Petroleum Company […]
Continue ReadingExxonMobil Profits Drop Amidst Lower Crude Prices; Company Bullish on Growth Projects Oil and gas behemoth ExxonMobil announced a decline […]
Continue ReadingEUROZONE INFLATION STEADY IN JULY AT 2.0% In a surprise development, Eurozone inflation remained stable in July, official data from […]
Continue ReadingNigeria’s Guaranty Trust Holding Company Completes London Listing Transition In a strategic shift aimed at simplifying its capital structure and […]
Continue ReadingCentral Bank of Nigeria Dispels Political Motives Behind Staff Redeployment The Central Bank of Nigeria (CBN) has firmly refuted suggestions […]
Continue ReadingNigeria’s Energy Future: Balancing Growth, Security, and the Low-Carbon Transition In a significant call to action, the Society of Petroleum […]
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