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News - Page 686

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

October 13, 2026

Fuel shortages in Malawi have entered a second week, forcing motorists to sleep in queues at petrol stations and leaving taxi and minibus operators unable to work as supplies dwindle, Prime Business

Africa·News·Top Stories

US-led Operation Disrupts West African Scam Networks, Arrests 28

October 13, 2026

Law enforcement agencies in Ghana and Nigeria arrested 28 people and seized 356 electronic devices in a coordinated international crackdown on online fraud networks targeting victims worldwide, the U.S. Department of Justice

EU-Nigeria Trade Volume Trade Volume Hits €24.6bn Amid 18.7% Drop

Business News·News

EU-Nigeria Trade Volume Reaches €24.6bn Despite 18.7% Drop From Previous Year

EU-Nigeria Business Forum Reveals New Agribusiness Platform Trade Volume Decline The volume of trade between the European Union (EU) and Nigeria reached €24.6 billion in 2023, despite 18.7% decrease from the previous year’s figures. This information was disclosed by Miriam Ferran, the

July 3, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business News·Markets·News

Equity Market Records Positive Close As Stocks Show Mixed Performance

Nigeria’s equity market recorded its first positive close for the month on Tuesday, July 2, with a slight rise of 0.05 percent after a 0.04% decline from Monday trading as reported by Prime Business Africa. Stocks such as Fidson Healthcare, Jaiz Bank,

July 3, 2024

Business News·News·Oil & Gas

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

In a bid to scale up crude oil production, the Nigeria National Petroleum Company Limited (NNPCL) says it has declared a state of emergency in the oil and gas industry. NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this in a keynote

July 3, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business News·Currency·News

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are mandated to be accepting them from customers. The bank gave

July 3, 2024

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Business News·News·Oil & Gas

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

The Nigeria Midstream and Downstream Petroleum Regulatory Commission (NUPRC), has reportedly removed five oil blocks from the 2024 licensing round due to legal disputes. According to NUPRC, the affected oil blocks are PPL3008, PPL3009, PML51, PPL267, and PPL268. Prime Business Africa recalls

July 2, 2024

Business News·World News

US Manufacturing Slips Further Into Contraction In June

Manufacturing activities in the United States further dropped in June, owing to what was attributed to a decline in demand. The Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI), recorded 48.5 per cent in June, down by 0.2 percentage points from

July 2, 2024

Aiteo Cancels Surveillance Contracts With Security Companies Amid Security Breaches

Business News·News·Oil & Gas

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Indigenous oil firm, Aiteo Eastern Exploration and Production Company (AEEPCO), has revoked its contracts with surveillance security providers following cases of security breaches around its facilities. In a statement released on Monday, AEEPCO’s Group Managing Director, Mr. Victor Okoronkwo, said terminating the

July 2, 2024

Africa·Business News

ATIDI’s Profit Increases By 205% In 2023

· Profit for the year increased by 205% to USD69.1 million as insurance revenue grew by 14% to USD155.7million · The results were validated during the Company’s 24th Annual General Meetings (AGM) held in Livingstone, Zambia, last week. · ATIDI’s next AGM is scheduled to take

July 2, 2024

News

Media Scholars, Practitioners Urge UCJ-UNN Members To Remain Focused On Campus Journalism

By Favour Omeje Media scholars and practitioners have urged students engaged in campus journalism to be committed to what they are doing as it is a learning call and stepping stone to better opportunities ahead. They made the call during the

July 2, 2024

News

NCDMB Unveils Procedures For Implementation Of Presidential Directive On Local Content

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has unveiled five focal areas for implementation of the Presidential Directive on Local Content Compliance Requirements. The NCDMB boss hailed the policy initiative directive as crucial for enhanced competitiveness

July 2, 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 686

Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

US-led Operation Disrupts West African Scam Networks, Arrests 28

EU-Nigeria Trade Volume Reaches €24.6bn Despite 18.7% Drop From Previous Year

Equity Market Records Positive Close As Stocks Show Mixed Performance

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

US Manufacturing Slips Further Into Contraction In June

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

ATIDI’s Profit Increases By 205% In 2023

Media Scholars, Practitioners Urge UCJ-UNN Members To Remain Focused On Campus Journalism

NCDMB Unveils Procedures For Implementation Of Presidential Directive On Local Content

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Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

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Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

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