Elon Musk’s SpaceX Plans $55bn Texas “Terafab” Chip Factory to Power AI and Space Tech
Elon Musk’s SpaceX is making a bold move into the semiconductor industry with plans to build a massive $55 billion…
Category: International
U.S. Oil Export Surge Under Scrutiny as Gas Prices Jump Across All 50 States
The United States is facing growing scrutiny over its rising oil and fuel exports as gasoline prices climb sharply across…
Nikkei 225 Tops 62,000 for First Time as Asia Markets Rally Despite Trump’s Iran Threats
Asian markets recorded a strong surge on Thursday, with Japan’s benchmark Nikkei 225 index breaking a major milestone by climbing…
Nigeria, Others Poised to Lead Africa’s $65bn Digital Finance Boom by 2030—BCG Report
Africa’s financial technology sector is on track for massive expansion, with revenue expected to reach about $65 billion annually by…
Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears
Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below $100 per…
Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand Surges
Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, marking…
Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally
Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the United States…
Investor retreat drives Africa start-up funding to 13-month trough
Africa’s venture capital scene weakened further in April 2026 as investor caution deepened, pushing total start-up funding to its lowest…
Egypt Inflation Eases to 14.9% Despite Oil Price Shocks and Middle East Tensions
Egypt’s inflation rate slowed in April 2026, offering a rare sign of relief for consumers after months of persistent price…
Samsung Crosses $1 Trillion Valuation as AI Boom Fuels Record 15% Stock Rally
Samsung Electronics has officially joined the elite trillion-dollar club, as its market valuation surged past $1 trillion following a dramatic…
AI Job Loss Fears Overstated as Experts Push Back on Anthropic CEO’s Warning
Concerns over artificial intelligence replacing large numbers of entry-level white-collar jobs have sparked global debate, but several experts are now…
Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid De-escalation Hopes
Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in the plan…
AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s Development Financing Gap
The African Development Bank (AfDB) has announced that its 2026 Annual Meetings will focus heavily on how to mobilise more…
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,…
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…