Argentina’s Inflation Rate Nears 300%, Despite Signs of Deceleration
Despite positive signs of a deceleration, Argentina continues to face soaring inflation, with the annual inflation rate expected to approach…
Day: May 14, 2024
South Africa’s Unemployment Rate Rises to 32.9% Ahead of Election
South Africa’s unemployment rate climbed to 32.9% in the first quarter of this year, up from 32.1% in the previous…
Uganda in Talks with Chinese Firm for $180m Power Transmission Line to South Sudan
Uganda is in discussions with Chinese company Sinohydro Corporation Limited for the development of a $180 million power transmission line…
Anglo American CEO Accelerates Spin-Off Plans to Hinder BHP Takeover Bid
The CEO of Anglo American, Duncan Wanblad, revealed on Tuesday that the company’s plans for a spin-off of its South…
Oil Prices Stable as OPEC Maintains Demand Forecast, Investors Await U.S. Inflation Data
Oil prices remained largely unchanged on Tuesday as OPEC retained its global oil demand predictions, while investors awaited U.S. inflation…
U.S. Trade Representative Calls for Higher Tariffs on Chinese Goods
U.S. Trade Representative Katherine Tai has proposed increased tariffs on a range of Chinese goods, citing the need for expanded…
Tetra Pak Names Haithem Debbiche as New Managing Director for West Africa
Tetra Pak, a leading food processing and packaging solutions company, has appointed Haithem Debbiche as the new Managing Director for…
Retail investors pile into stock market despite weaker purchasing power
In the first quarter of 2024, despite facing accelerating inflation, which has eroded purchasing power, retail investors poured N670.89 billion…
NPA Clears Decade-Long Gridlock on Mile 2-TinCan-Apapa Corridor
The Nigerian Ports Authority (NPA) has announced the successful clearance of the notorious decade-long gridlock on the Mile 2-TinCan-Apapa corridor,…
FCTA issues 24-hour notice for demolition of 500 illegal structures in Abuja
The Department of Development Control, under the Federal Capital Territory Administration (FCTA), has issued a 24-hour demolition notice to proprietors…
Militant group demands 25% of Okomu Oil Plc shares after fatal attack on host community
A militant group identified as the “Ijaw Freedom Fighters” launched an attack on the Imariogha community near the Okomu Oil…
UK fears a £108 billion decline to creative sector as int’l student numbers reduce
Creative UK, representing the creative industries, has raised concerns over the potential elimination of post-graduation work options for international students…
NGX earns N6.959 billion revenue from transaction fees, treasury investments
The Nigerian Exchange Group Plc saw a significant increase in revenue for the 2023 financial year, generating N6.959 billion from…
Netherlands Overtakes India as Nigeria’s Second-Largest Trade Partner in 2023
The Netherlands has surpassed India to become Nigeria’s second-largest trade partner in 2023, according to the National Bureau of Statistics…
South Africa’s MTN service revenue falls, lowers capex target
MTN Group, Africa’s largest telecommunications operator, has disclosed an 18.8% decline in its first-quarter service revenue, largely influenced by the…
FG Plans to Empower 5,000 NYSC Members with N10 Million Each for Entrepreneurial Ventures
The Federal Government has announced a plan to empower at least 5,000 members of the National Youth Service Corps (NYSC)…
Nigeria to Navigate Economic Rivalry between US, China, and Russia, says Foreign Minister
Nigeria’s Foreign Minister, Yusuf Maitama Tuggar, highlighted Nigeria’s stance on managing economic competition between global powers like the United States,…
Crypto Analyst Warns of Bitcoin Panic Sell-Off if Price Falls Below $60,000
Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has issued a cautionary note, suggesting that Bitcoin might face a…