IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures
The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term,…
Category: International
South Korea’s Kospi Hits Record High Above 7,000 as Samsung Surges
South Korea’s Kospi climbed to a fresh record on Wednesday, crossing the 7,000 mark as a broad rally swept across…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an…
Cerebras IPO 2026: OpenAI-Backed AI Chipmaker Targets $26.6bn Valuation in Blockbuster Public Listing
Cerebras Systems, the AI chip company closely linked to OpenAI, is moving closer to what could become one of the…
European Stocks Mixed as Iran War Tensions Weigh on Market Sentiment
European stocks opened mixed on Tuesday as investors reacted cautiously to rising geopolitical tensions linked to the Iran conflict, which…
South Korean Stocks Hit Fresh Record After Historic Rally as Global Markets React to Middle East Tensions
South Korean stocks surged to a fresh all-time high on Monday, extending a powerful momentum that followed their strongest monthly…
East Africa Investment Inflows Hit $4.1bn as Reforms Boost Capital Growth Across Region
East Africa has recorded a significant surge in foreign and domestic investment, pulling in about $4.1 billion between 2021 and…
Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New External Debt
Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the Federal Capital Territory (FCT)…
Big Oil Returns to Canada as Energy Crunch Reshapes Global Supply Chains
After nearly a decade of divestment, major oil companies are once again turning their attention to Canada’s oil and gas…
Best AI Dictation Apps in 2026: Ranked Tools for Faster, Smarter Voice-to-Text Writing
AI dictation tools have rapidly evolved from clunky voice-to-text systems into smart writing assistants powered by large language models. In…
Nigeria Pushes for Fairness in Global Net-Zero Shipping Drive at IMO Talks
Nigeria has urged the international maritime community to ensure fairness and equity as the global shipping industry moves toward net-zero…
OPEC+ Approves 188,000 bpd Oil Production Increase Amid UAE Exit and Market Uncertainty
OPEC+ has agreed to increase oil production by 188,000 barrels per day (bpd) starting in June, even as the United…
Jet Fuel Price Drops to N1,820 as Dangote Offers Direct Airline Supply Amid Aviation Cost Crisis
The Dangote Petroleum Refinery has announced it will begin direct supply of aviation fuel to airlines in Nigeria at N1,820…
Nigeria tops Africa on Solana blockchain, attracts $162,000
Nigeria has strengthened its position in the global digital economy, emerging as the leading hub for Solana blockchain activity in…
Africa Positioned at the Heart of Global AI Economy’s Future – ELIN Group CEO
Nigerian business leader and Chief Executive Officer of ELIN Group, Dr. Elizabeth Jack-Rich, has said Africa will play a central…
Satya Nadella Says Microsoft Will “Exploit” New OpenAI Deal as AI Partnership Enters New Phase
Microsoft CEO Satya Nadella has expressed strong confidence in the company’s updated partnership with OpenAI, saying the tech giant is…
European Markets Fall as Oil Surges and Investors Brace for ECB and BOE Decisions
European stock markets opened lower on Thursday as investors reacted to a sharp rise in oil prices driven by escalating…
Brent Crude Surges Past $126 Amid Trump’s Iran Strike Consideration, Raising Global Supply Fears
Global oil markets rallied sharply on Thursday as Brent crude surged past $126 per barrel, driven by rising geopolitical tensions…
Africa Must Unite to Unlock Global Solid Minerals Market — Dele Alake
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has called for stronger regional cooperation among African countries to unlock the…
Brent Oil Surges Above $123 Amid Reports of Possible U.S. Military Action on Iran
Global oil markets rallied sharply on Thursday, with Brent crude rising above $123 per barrel following reports that the United…
East Africa Attracts $4.1bn Investment as Reforms Drive Capital Surge Across Kenya, Uganda, Rwanda
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between 2021 and 2025. The…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has announced a new five-year strategy…
Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and Global Economic Risk
The global oil market is facing what analysts are calling the most severe supply shock in history, after the prolonged…
UK-Nigeria Tech Hub Launches Creative Fund to Boost Film, Fashion and Music Industries in Nigeria
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s fast-growing creative sector, particularly in film,…
OpenAI Expands to Amazon Web Services After Ending Microsoft Cloud Exclusivity
OpenAI has officially expanded its reach into Amazon’s cloud ecosystem, making its generative AI models available on Amazon Web Services…
Inefficient Refineries Should Be Phased Out to Boost Energy Efficiency – Dangote Refinery CEO
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the gradual shutdown of…
Foreign Currency Tax Revenue Hits N6.33tn as Naira Volatility Reshapes Nigeria’s Tax Base
Nigeria’s tax system saw a major shift in 2025 as foreign currency-denominated tax receipts climbed to N6.33tn, reflecting rising exposure…
Nigeria, Ghana Lead African Small-Cap Stock Rally as Investors Chase Record Returns in 2026 Market Boom
African equities are experiencing a powerful shift in 2026, as small-cap stocks take centre stage in driving market growth across…
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate earnings and the unexpected decision…
China Blocks Meta Manus AI Deal: Tightening Grip on U.S.-China Tech Rivalry in AI Race
China has officially blocked Meta’s proposed $2 billion acquisition of the AI startup Manus, marking a major escalation in the…