Business Dollar Gains Ground as Market Awaits U.S. Inflation Report Jan 8, 2024 0 The U.S. dollar experienced a broad uptick on Monday, reflecting subdued risk appetite as investors awaited a!-->…
Business Nvidia Plans Mass Production of AI Chip for China, Complying with U.S. Export… Jan 8, 2024 0 U.S. chipmaker Nvidia is set to commence mass production in the second quarter of 2024 for an artificial!-->…
Business Geopolitical Tensions, OPEC Output, and Saudi Price Cuts: Impact on Global Oil… Jan 8, 2024 0 Recent developments in the global oil market have been marked by a complex interplay of factors, including!-->…
Business EAIF Pledges $30 Million Investment to AXIAN Energy’s Ambitious Renewable… Jan 8, 2024 0 The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG),!-->…
Business IFC Boosts Cabo Verde’s Tourism Sector with €35.5 Million Financing for… Jan 8, 2024 0 The International Finance Corporation (IFC) has unveiled a comprehensive financing package of up to €35.5 million!-->…
Business IFC Partners with Facility for Energy Inclusion Fund to Drive Clean Energy Access… Jan 8, 2024 0 On December 22, 2023, the International Finance Corporation (IFC) announced a significant financing collaboration!-->…
Business African Development Bank Leads USD 117 Million Financing for Menengai Geothermal… Jan 8, 2024 0 Financial close has been achieved for a USD 117 million financing deal, led by the African Development Bank (AfDB)!-->…
Business Renergen’s Helium Discovery in South Africa Unveils Billion-Dollar Potential Jan 8, 2024 0 South African startup Renergen made an unexpected discovery of abnormally high concentrations of helium in grassy!-->…
Business India and Nepal Officially Agree on 10,000 Megawatts Electricity Export Deal Jan 8, 2024 0 India and Nepal have formalized a significant agreement for the export of 10,000 megawatts of electricity from!-->…
Business ACP Urges Revision of U.S. Treasury Department’s Green Hydrogen Proposal Jan 8, 2024 0 The Chief Executive Officer of the American Council on Renewable Energy (ACP), Jason Grumet, has issued a!-->…
Local Nigeria Stocks Hit Record High, Rising 1.68% in First Trading Session of 2024 Jan 3, 2024 0 In a bullish start to 2024, Nigerian stocks surged by 1.68% during the first trading session, setting a new!-->…
Business Global Stock Markets Slip as Rate Cut Hopes Fade Jan 3, 2024 0 Global stock markets continued their decline into the new year, with the MSCI's broad index of world equities!-->…
Business S&P, Nasdaq Start 2024 on a Lower Note as Tech Giants Struggle Jan 3, 2024 0 The first trading session of 2024 witnessed a downturn in the S&P 500 and Nasdaq Composite, driven by a!-->…
Technology Hyundai and Kia Project 2% Sales Growth in 2024 Despite 2023 Challenges Jan 3, 2024 0 South Korean automakers Hyundai Motor and Kia Corp anticipate a modest 2% increase in their combined global sales!-->…
Business Global Funds Accelerate China Equity Sell-Off in December, Marking Worst Month of… Jan 3, 2024 0 Global long-only funds rapidly divested from China equities in December 2023, recording the highest monthly!-->…
Maritime Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions Jan 3, 2024 0 In a recent turn of events, major shipping companies, including Denmark's Maersk and Germany's Hapag-Lloyd, are!-->…
Business Navigating 2024: Investors Brace for Economic Shifts” Jan 3, 2024 0 As we step into 2024, global investors are anticipating a significant shift in the economic landscape, marked by!-->…
Market Global Markets Extend Slide as Rate Cut Hopes Diminish Jan 3, 2024 0 Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S.!-->…
Business China’s Major Banks Heighten Scrutiny and Restrict Interbank Lending Amid… Jan 3, 2024 0 In response to the deepening property debt crisis in China, major banks in the country are intensifying their!-->…
Technology Russian Bailiffs Remove Debts of Tech Giants Google, Meta, and TikTok – Resolving… Jan 3, 2024 0 In a recent development, Alphabet's Google, Meta, and TikTok have seemingly resolved legal issues in Russia as!-->…
Business Futures Dip as Investors Anticipate Fed Minutes, Tesla’s China-made EV Sales… Jan 3, 2024 0 U.S. stock futures are trending lower as investors react to the Federal Reserve's upcoming release of minutes!-->…
Business Changes in U.S. Electric Vehicle (EV) Tax Credits Impact Multiple Models Jan 2, 2024 0 The landscape of electric vehicle (EV) tax credits in the United States underwent a significant shift as new!-->…
Business Euro Zone Likely Entered Recession in 2023 as Factory Activity Contracts Jan 2, 2024 0 Euro zone factories concluded 2023 with a contraction in activity for the 18th consecutive month, signaling a!-->…
Technology Climate Tech: A Beacon of Job Opportunities in 2024 Jan 2, 2024 0 The year 2023 witnessed a wave of layoffs across the tech sector, leaving over 240,000 professionals jobless.!-->…
Local Nigerian Stock Market Projections for 2024: A Gradual Yet Promising Rally Jan 2, 2024 0 The Nigerian stock market, which experienced a remarkable 45.90% return in 2023, is poised for continued growth!-->…
Crypto Bitcoin Starts 2024 on a High, Surging Past $45,000 Amid ETF Optimism Jan 2, 2024 0 Bitcoin, the world's largest cryptocurrency, has begun the year 2024 with a remarkable surge, surpassing $45,000!-->…
Local Nigeria’s Finance Minister, Wale Edun, Outlines Strategy to Reduce Reliance… Jan 2, 2024 0 The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled the government's!-->…
Local Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak Jan 2, 2024 0 The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P)!-->…
Local Nigeria to Launch Passport Application Automation, Review Immigration Policy Jan 2, 2024 0 The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application!-->…
Business Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing… Jan 2, 2024 0 Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in!-->…