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,…
Category: International
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…
European Stocks Fall as Germany Slashes Growth Forecast Amid Iran War and Energy Shock Fears
European stocks closed lower on Wednesday as investors weighed fresh economic warnings from Germany, ongoing geopolitical tension linked to the…
European Stocks Open Lower as Markets React to Oil Shock; Nokia and L’Oréal Rally on Strong Earnings
European stock markets started Thursday on a weaker note as investors reacted cautiously to rising geopolitical tensions and higher oil…
Nigeria-UK Relations to Boost Investment Opportunities, Tinubu Assures British Envoy
President Bola Tinubu has reaffirmed that Nigeria’s relationship with the United Kingdom will continue to unlock fresh investment opportunities, strengthen…
IMF/World Bank Meetings: Dangote Urges Infrastructure Investment as Key Driver of Africa’s Growth
Africa’s richest industrialist and President of the Dangote Group, Aliko Dangote, has called for increased investment in infrastructure as a…
Amazon invests $5B in Anthropic as AI firm commits $100B AWS cloud deal
Amazon has deepened its bet on artificial intelligence by injecting an additional $5 billion into AI startup Anthropic, pushing its…
Poor Infrastructure Continues to Weigh Down Intra-African Trade and Regional Integration
Poor and in some cases completely missing infrastructure continues to hold back intra-African trade and slow down regional integration efforts…
ChatGPT Images 2.0 Shows Major Leap in AI Image Generation With Strong Text Rendering Capabilities
Artificial intelligence image generation has taken a noticeable step forward with the launch of ChatGPT Images 2.0, a new model…
European Stocks Rise as Trump Extends Iran Ceasefire Deadline
European markets opened on a cautiously positive note Wednesday, as investors reacted to fresh geopolitical developments involving the United States…
African Economies Show Resilience Amid Global Tensions, PMI Data Reveals
Africa’s private sector began 2026 on a stronger note, with most economies showing resilience despite mounting global tensions. According to…
Flutterwave Denies $75m Tinubu Government Investment Claim, Dismisses IPO Rumours
Flutterwave, one of Africa’s most prominent fintech companies, has firmly denied reports claiming it received a $75 million investment from…
Apple names John Ternus as new CEO in historic leadership transition at $4 trillion tech giant
Apple Inc. has announced a major leadership change, naming John Ternus as its new chief executive officer. The appointment marks…
Iran–Israel Conflict Exposes Nigeria’s Weak Economic Shock Response Toolkit as Oil Price Volatility Rattles Markets
Security, economic, and policy analysts have warned that the ongoing Iran–Israel–US conflict is exposing serious gaps in Nigeria’s ability to…
European Stocks Edge Higher as U.S.-Iran Ceasefire Deadline Nears
European markets opened on a cautious but positive note on Tuesday, as investors closely tracked developments surrounding the fragile ceasefire…
Google Expands Gemini in Chrome to 7 New Countries
Google has announced a fresh expansion of its AI-powered browsing feature, Gemini in Chrome, rolling it out to seven additional…
Top 10 African Countries with the Cheapest Diesel Prices in April 2026: Niger Leads Low Fuel Cost Rankings
Across Africa, diesel prices in April 2026 reveal a sharp divide between countries able to keep fuel affordable and those…
Anthropic CEO Warns AI Could Replace Most Entry-Level Jobs Within 5 Years
Anthropic CEO Dario Amodei has issued a stark warning that artificial intelligence could replace a significant number of entry-level white-collar…
OpenAI Existential Challenges: Acquisitions, Image Concerns, and Anthropic Competition Intensify
OpenAI is facing growing scrutiny as it expands through small but strategic acquisitions while navigating rising competition and public perception…