Nigeria Approves $11.50 Per Barrel Tax Incentive for Shell’s $20 Billion Deepwater Project
President Tinubu’s administration has granted Shell a production-linked tax credit more than double the standard…
Africa Business News Wire
Africa Business News Wire delivers fast, reliable, and in-depth coverage of Africa’s business landscape. From corporate developments and financial markets to energy, infrastructure, fintech, and investment trends, this category brings together the most important economic stories driving growth across the continent. Ideal for investors, analysts, entrepreneurs, and decision-makers seeking timely African business intelligence.
ExxonMobil Returns to Nigeria With $1 Billion Deepwater Bet as Output Revival Gains Traction
The U.S. oil major is committing about $1 billion to the Usan Infill Project, marking…
Nigeria Overtakes US as Europe’s Top Jet Fuel Supplier With Dangote’s Record June Exports
The Dangote Petroleum Refinery exported 466,000 metric tonnes of aviation fuel to Europe in June,…
Dangote’s $46 Billion Plan to Connect Two Mega-Refineries In West and East Africa
Africa’s richest man is developing a continent-wide refining network stretching from Nigeria to Kenya, with…
Nigeria Intensifies Pressure on Fuel Marketers as Prices Could Drop Below N800 Per Litre
The Federal Government has urged marketers to reduce petrol prices in line with falling global…
Egypt’s Pound Becomes World’s Best-Performing Currency as Oil Prices Collapse
The currency has appreciated more than 7% against the dollar since early May after the…
Zimbabwe Approves Second Gold Refinery in Bulawayo as Output Surges to Record Levels
The new facility is expected to be commissioned next year as the state-owned Fidelity Gold…
Toyota Shareholders Re-Elect Akio Toyoda as Chairman as Automaker Defends Global Lead With Strong African Sales
The founding-family heir secured a fresh mandate as Toyota pursues a $33 billion supplier buyout,…
Yuan Gains Traction in Africa’s Dollar-Dominated Trade System as China-Africa Commerce Nears $400 Billion
Bilateral trade surged 17.7% to a record $348 billion in 2025, and African banks are…
Africa Still Needs US Fuel Despite Dangote Refinery as Regional Deficit Persists
African countries are increasing diesel and gasoline imports from the United States due to Middle…