S&P Global to acquire majority stake in Agusto & Co. in landmark deal
S&P Global has announced plans to acquire a majority stake in Agusto & Co., Nigeria’s pioneering credit rating agency, in…
Category: International
Oil Falls Below $84 on US-Iran Peace Hopes
Global oil prices recorded a sharp decline on Tuesday after renewed diplomatic efforts between the United States and Iran raised…
Africa’s Oil Investment Shifts as Nigeria, Egypt, Angola, Algeria and Libya Still Dominate — IEA Report
Africa’s upstream oil and gas sector remains heavily dependent on five major producers—Nigeria, Algeria, Angola, Egypt, and Libya—even as investment…
India’s Economic Growth Faces Slowdown as Rising Oil Prices Shake GDP Outlook
India’s economic growth is expected to lose momentum in the current fiscal year as soaring global oil prices and sluggish…
Oil price falls to $90/barrel as US, Iran pause attacks
Oil prices recorded a sharp decline on Monday after the United States and Iran reportedly agreed to suspend military attacks,…
Tinubu sounds alarm as Africa’s food import bill hits $122.9bn
President Bola Tinubu has sounded the alarm over Africa’s growing dependence on imported food, urging governments across the continent to…
Businesses Fault U.S. Tariff, Seek Urgent FG Action
The Organised Private Sector (OPS) has expressed growing concern over the United States’ decision to impose a 12.5 per cent…
IMF Sounds Alarm on AI Risks, Calls for Stronger Financial Oversight
Artificial intelligence is rapidly transforming the global financial system, but the International Monetary Fund (IMF) says regulators must act faster…
Anthropic CEO Clarifies AI Stance, Warns Bigger Threat Lies in China’s AI Ambitions
As the global debate over artificial intelligence continues to intensify, Anthropic CEO Dario Amodei has moved to clear the air…
Dow futures rally 500 points as oil prices fall after U.S. and Iran pause attacks
Wall Street kicked off the week on a strong note as U.S. stock futures climbed sharply after a temporary pause…
Brent Crude Tumbles 5% as US-Iran Truce Sparks Hope for Global Oil Supply Recovery
Global oil markets opened the week on a positive note for consumers as Brent crude fell by more than 5%,…
China’s Crude Oil Imports Surge
China’s appetite for crude oil appears to be making a strong comeback, with fresh data indicating that the world’s largest…
Nvidia locks down memory supply from SK Hynix as part of $500 billion AI deal
Nvidia has taken another bold step in strengthening its dominance in artificial intelligence by securing a long-term partnership with South…
Making sense of the panic over Chinese AI
The release of Kimi, the latest artificial intelligence model developed by Chinese startup Moonshot AI, has once again ignited a…
Top 10 African Countries with the Highest Interest Rates in July 2026
African economies are navigating one of the toughest monetary policy environments in recent years, with central banks maintaining high interest…
Elon Musk says AI could surpass all human intelligence within five years
Artificial intelligence could become smarter than the combined intelligence of humanity within the next five years, according to billionaire entrepreneur…
Report: 77% of Africa’s $23bn betting market unregulated
Africa’s online betting industry is booming, but a new report has revealed that most of the market operates outside government…
South Africa keeps interest rate at 7% amid rising inflation, rand weakness
South Africa’s central bank has left its benchmark interest rate unchanged at 7%, opting for caution as inflationary pressures, a…
IMF Urges Nigeria, African Nations to Improve Data Transparency to Attract Global Investment
Nigeria and other African countries have been urged by the International Monetary Fund (IMF) to strengthen economic stability, improve data…
Oil Price Hits $100 as Middle East Conflict Escalates, Raising Fears of Global Energy Crisis
Oil prices have surged to $100 per barrel for the first time since May, driven by growing fears that the…
Africa receives 6% of global cocoa supply value from chocolate market
Africa may be the backbone of the global cocoa industry, but it continues to receive only a small fraction of…
AI Guardrails Slow Cybersecurity Research as Experts Warn of Unintended Consequences
Artificial intelligence safety measures designed to prevent cybercrime are increasingly creating obstacles for the very experts tasked with defending digital…
US Slaps 12.5% Tariff on Nigerian Imports Over Forced Labour Concerns
The United States has imposed a 12.5% tariff on Nigerian imports, placing Nigeria among 38 countries affected by Washington’s latest…
Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has achieved a major financial milestone after successfully raising approximately $2.5 billion through…
Oil Giants Return to Nigeria’s Deepwater Fields with Billion-Dollar Investments
Nigeria’s offshore oil industry is witnessing a major revival as international oil companies (IOCs) shift their attention from troubled onshore…
Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil markets came under renewed pressure on Thursday as crude oil prices surged close to the $100-per-barrel mark following…
Alphabet Q2 Revenue Surges 24% as AI Fuels Google Cloud and Gemini Growth
Alphabet posted an impressive second-quarter performance, reporting a 24% year-on-year increase in revenue as its aggressive investment in artificial intelligence…
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Global oil markets are witnessing a major shift as leading refiners increasingly bypass traditional commodity traders to purchase Venezuelan crude…
France Reaffirms Commitment to Boost Trade and Investment Ties with Nigeria
France has reaffirmed its commitment to strengthening trade and investment ties with Nigeria, highlighting the country’s strategic importance as France’s…
U.S. Stock Futures Slip as AI Spending Concerns and Rising Oil Prices Weigh on Markets
U.S. stock futures traded lower on Thursday as investors balanced another wave of corporate earnings with growing concerns over artificial…