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News - Page 673

Africa·Business News·Oil & Gas·Top Stories

Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

October 13, 2026

Angola’s state-owned oil company Sonangol is continuing preparations for a planned initial public offering (IPO), with internal work focused on ensuring the sale delivers value to prospective shareholders, Executive Board Member Osvaldo

Africa·News·Top Stories

South Africa Sets November Deadline for New Asylum Registration System

October 13, 2026

South Africa plans to introduce a phased asylum-registration system by Nov. 10 to protect eligible applicants from deportation while their claims are processed, following a court ruling that has strained refugee reception

FEATURES·News·Politics

Will The Supreme Court Ruling Lead To Local Government Power Abuse?

The Supreme Court Ruling and Its Implications The recent ruling by the Supreme Court granting local government full financial autonomy has sparked debates across the country. The ruling, which many see as a pivotal moment for local governance, grants increased autonomy to

July 13, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business News·Markets·News

Nigeria’s Equity Market Sees 0.35% Decrease Amidst Lukewarm Investor Sentiment

Weekly Performance Nigeria’s equity market experienced a decrease of 0.35 per cent in the trading week ending Friday, July 12. This decline resulted in investors losing approximately N140 billion. A market analyst, Jane Olatunji, commented: “The market recorded only one positive session

July 13, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business News·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market, also known as the parallel market

July 13, 2024

Business News·Currency·News

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to 46 authorised Bureau De Change operators. Prime Business Africa reports

July 13, 2024

LG Autonomy Ozigbo Charges Soludo To Conduct Elections Within Months

News·Politics

LG Autonomy: Ozigbo Charges Soludo To Conduct Elections Within 3 Months

Peoples Democratic Party (PDP), candidate in the 2021 Anambra State governorship election, Valentine Ozigbo has charged the state governor, Prof. Chukwuma Soludo, to make necessary arrangements and conduct local government elections within the next three months. Ozigbo made the call while reacting

July 13, 2024

News·World News

US Intelligence Uncovers Russian Plot To Assassinate German CEO Arms Firm Sending Weapons To Ukraine

US Intelligence Discovers Assassination Plot US intelligence has discovered a Russian plot to assassinate Armin Papperger, CEO of German arms manufacturer Rheinmetall. This revelation comes from reports by CNN and the New York Times. Rheinmetall, known for producing artillery shells and military

July 13, 2024

News

CEO Connect Forum: Accelerating Creating Shared Value For Sustainable Business Practice In Nigeria

Shared Value Africa (SVA), in collaboration with Lagos Business School Sustainability Centre and ZER Consulting Africa, hosted the CEO Connect Forum Nigeria and the official launch of Shared Value Nigeria. The event was convened to foster dialogue among CEOs and business leaders

July 13, 2024

How Nigeria's FX Reserves Dropped By $1.3bn– Report

Business News·Markets·News

CBN Intervenes In FX Market With $122.67m Sales To 46 Authorised Dealers To Promote Stability

Central Bank of Nigeria (CBN) Moves to Stabilize FX Market with US$122.67 Million Sale In a move to stabilize the FX market, the Central Bank of Nigeria (CBN) on Friday sold US$122.67 million to 46 authorized dealers. This intervention aims to reduce

July 13, 2024

News·Technology

Stakeholders Identify Obstacles To Nigerian Govt’s 90,000km Fibre Project

Stakeholders in the telecommunications industry have said the Nigerian Government’s plan to deploy 90,000 kilometers of fibre optic cables across the country will face several obstacles, especially from state governments, that might truncate the project. According to them, without addressing the current

July 12, 2024

Presidency Foreign Trips: Tinubu Fiddles While Nigeria Burns – Atiku

News·Politics

Supreme Court Ruling On LG Autonomy, Boosts National Development Efforts – Atiku

Former Nigeria’s Vice President, Atiku Abubakar, has applauded the Supreme Court ruling on Local Government (LG) autonomy, saying it is a major step towards achieving national development. Atiku, in a statement via his verified X handle on Thursday evening, said the judgment

July 12, 2024

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Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

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News - Page 673

Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

South Africa Sets November Deadline for New Asylum Registration System

Will The Supreme Court Ruling Lead To Local Government Power Abuse?

Nigeria’s Equity Market Sees 0.35% Decrease Amidst Lukewarm Investor Sentiment

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th July 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

LG Autonomy: Ozigbo Charges Soludo To Conduct Elections Within 3 Months

US Intelligence Uncovers Russian Plot To Assassinate German CEO Arms Firm Sending Weapons To Ukraine

CEO Connect Forum: Accelerating Creating Shared Value For Sustainable Business Practice In Nigeria

CBN Intervenes In FX Market With $122.67m Sales To 46 Authorised Dealers To Promote Stability

Stakeholders Identify Obstacles To Nigerian Govt’s 90,000km Fibre Project

Supreme Court Ruling On LG Autonomy, Boosts National Development Efforts – Atiku

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Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

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Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

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