China Blocks Meta’s $2B Manus Acquisition After Regulatory Probe Into AI Deal
China’s top economic regulator, the National Development and Reform Commission (NDRC), has officially blocked Meta’s $2 billion acquisition of the…
Category: International
US Dollar Weakens Ahead of Fed Decision as Middle East Tensions Ease and Oil Prices Rise
The US dollar weakened on Monday as global markets reacted to shifting geopolitical signals from the Middle East and growing…
European Markets Rise as Trump Weighs Iran Peace Proposal; Energy Stocks Lead Gains
European stock markets edged higher on Tuesday as investors reacted cautiously to geopolitical developments involving U.S. President Donald Trump and…
Nigerian Crude Hits $113 as Iran–Hormuz Crisis Drives Global Oil Shock
Nigerian crude oil has surged to its highest levels in recent years, with benchmark grades trading above $113 per barrel…
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry, announcing a revised agreement…
United Capital approves N18 billion dividend payout for FY 2025 shareholders
United Capital Group has approved a total dividend payout of N18 billion for the 2025 financial year, rewarding shareholders with…
Asia Markets Hit Record Highs as Japan and South Korea Stocks Surge Despite U.S.-Iran Tension Standoff
Asia-Pacific stock markets mostly climbed on Monday, with Japan and South Korea leading the charge as investors appeared largely unfazed…
Europe Emerges as Key Buyer of U.S. Strategic Petroleum Reserve Oil Amid Global Supply Strain
Europe has become a major destination for oil released from the U.S. Strategic Petroleum Reserve (SPR), as global energy markets…
Fintech Summit 2026: Stakeholders Map AI-Driven Financial Ecosystem in Africa
Stakeholders across Nigeria’s financial and technology sectors gathered in Lagos over the weekend for the Fintech Summit 2026, where conversations…
AI Talent War Intensifies as Top Software Executives Defect to OpenAI and Anthropic
The battle for artificial intelligence dominance is reshaping the global tech workforce, with several top executives from major software companies…
Dangote, Saudi Ambassador Explore Energy and Infrastructure Investment Opportunities
Aliko Dangote, chairman of the Dangote Group, recently met with Yousef bin Mohammed Al-Balawi to discuss expanding investment opportunities in…
European Markets Mixed as Iran Peace Proposal Fuels Oil Rally, Investor Caution
European stock markets opened the week on a cautious note, with trading mixed as investors weighed fresh geopolitical developments involving…
European Stocks Dip as Iran Peace Talks Uncertainty Weighs on Markets; SAP Surges on Strong Earnings
European stock markets slipped on Friday as renewed uncertainty around U.S.–Iran peace negotiations dampened investor sentiment across the region. Despite…
Dangote Targets East Africa With 650,000bpd Refinery Expansion Plan
Africa’s richest man, Aliko Dangote, has announced plans to construct a new 650,000 barrels-per-day refinery in East Africa, marking a…
Lithium Supply Tightens as Prices Collapse and EV Demand Slows – Global Deficit Warning Grows
Lithium markets are heading toward a potential supply squeeze as analysts warn that a global deficit could emerge as early…
China’s DeepSeek Releases New AI Model as Global Tech Rivalry Intensifies
Chinese artificial intelligence startup DeepSeek has launched a new AI model on April 24, 2026, marking another major step in…
Cohere to Acquire Germany’s Aleph Alpha in Strategic Europe Expansion Push
Canadian artificial intelligence company Cohere has announced plans to acquire German AI startup Aleph Alpha, marking a major step in…
Meta layoffs: Tech giant to cut 8,000 jobs as 10% workforce reduction begins May 20
Meta Platforms is set to reduce its global workforce by about 10%, a move that will affect roughly 8,000 employees,…
Dangote Refinery Aviation Fuel Exports Hit 1.1 Billion Litres to Europe as Nigeria Supplies 95% of Jet A1 Demand
The Dangote Refinery and Petrochemicals has been described as a major stabilising force in Nigeria’s aviation sector, supplying over 95%…
Oil price surge to $105 per barrel amid escalating Iran-US tensions over Strait of Hormuz
Oil prices climbed sharply to over $105 per barrel on Thursday, reversing earlier losses as renewed tensions between Iran and…
UK Targets £9 Billion Investment Push in Nigeria and Africa as BII Expands Frontier Market Strategy
The United Kingdom has unveiled plans to channel £9 billion in fresh capital into Nigeria and other African frontier markets…
Sierra Leone Signs $225 Million Offshore Oil Deal with Marginal Energy to Boost Exploration
Sierra Leone has taken a major step toward revitalizing its oil and gas industry, signing a $225 million offshore exploration…
Oil Price Stabilizes at $95 as Middle East Tensions Push Markets Into Structural Tightness – Standard Chartered
Global oil markets are once again under pressure as geopolitical tensions in the Middle East flare up, pushing Brent crude…
Oil Prices Slip Slightly as U.S.-Iran Tensions Stall Talks and Disrupt Strait of Hormuz Shipping
Global oil markets experienced a slight pullback on Thursday as geopolitical tensions between the United States and Iran continued to…
Tesla Raises 2026 Spending to $25bn as Musk Bets Big on AI, Robotics and Autonomous Future
Tesla has sharply increased its planned capital expenditure for 2026 to more than $25 billion, marking a major strategic push…
UK Cyberwar Warning Raises Alarm Over Nigeria’s Cybersecurity Preparedness
The United Kingdom has issued a strong warning about the rising threat of cyberwarfare, a development that is drawing attention…
West Africa Digital Economy at Risk as WATRA Warns of Submarine Cable Threats
The West African Telecommunications Regulators Assembly (WATRA) has raised concerns over growing threats to West Africa’s fast-expanding digital economy, valued…
Afreximbank, St Kitts and Nevis Sign Hosting Deal for ACTIF2026 to Boost Africa-Caribbean Trade Ties
The African Export-Import Bank (Afreximbank) and the Government of St Kitts and Nevis have officially signed a hosting agreement for…
Africa Needs Two More Dangote-Scale Refineries to Close Fuel Import Gap – AFC Report
Africa will need at least two more refineries the size of the Dangote Refinery to keep up with its fast-growing…
Google Workspace Gets AI Overhaul as ‘Workspace Intelligence’ Turns Gemini Into Your Office Assistant
Google has rolled out a major upgrade to its Workspace suite, introducing a wave of AI-powered tools designed to reshape…