Naira-Yuan Swap Boosts Naira Stability, Promises Cheaper Imports from China
Nigeria’s currency, the naira, is gaining renewed strength as experts highlight the benefits of the Naira-Yuan currency swap between Nigeria…
Category: International
OpenAI Acquires Statsig in $1.1 Billion All-Stock Deal to Boost AI Product Testing
OpenAI, the company behind ChatGPT, has announced the acquisition of product testing startup Statsig in a $1.1 billion all-stock transaction,…
5G Adoption Spurs Smartphone Growth as Shipments Rise 3% in Africa, Middle East
Smartphone shipments across the Middle East and Africa (MEA) rose by 3% year-on-year in the second quarter of 2025, marking…
UK Partners with AGRA in £5m Deal to Boost African Food Security and Trade
The United Kingdom has committed £5 million to support agricultural trade and food security in Africa through a new partnership…
Nigeria Faces Remittance Pressure as UK Interest Rates Hit 27-Year High, Pound Weakens Against Naira
Nigeria’s remittance lifeline from the United Kingdom is coming under pressure as borrowing costs in Britain surge to a 27-year…
Nestle sacks CEO over office romance
Swiss food giant, Nestlé, on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship…
Kola Aina on AI, Local Capital, and Startup Exits: Africa’s Tech Investment Landscape in 2025
Kola Aina, founding partner of Ventures Platform, has been a pivotal figure in African venture capital for over a decade.…
British Pound Slides 0.9% Amid U.K. Fiscal Concerns, European Markets Weaken
The British Pound fell sharply on Tuesday, sliding 0.9% against the U.S. dollar as investors grew increasingly concerned over the…
Trump Slams India-U.S. Trade Ties as ‘One-Sided Disaster’ After Modi’s Visit to China
U.S. President Donald Trump has sharply criticized India over trade relations, calling the partnership “a totally one sided disaster” following…
ITU: $2.8 Trillion Needed to Close Global Digital Divide by 2030
The International Telecommunication Union (ITU) has revealed that between $2.6 trillion and $2.8 trillion will be required to connect the…
Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation
Global financial markets were mixed on Tuesday as the U.S. dollar wobbled near five-week lows and gold surged to a…
European Stocks Hold Steady as Chinese Tech Rally Boosts Market Sentiment
European equities opened the week on a steady note as gains in Chinese technology stocks helped balance pressure from rising…
Lenovo ‘Project Pivo’ Rotating Laptop, Legion Go 2, and AI Tablets Leak Ahead of IFA 2025
Lenovo is set to make waves at IFA 2025 with a mix of innovative devices, following new leaks from renowned…
Meta’s $14.3B Scale AI Partnership Shows Early Strains Amid Talent Departures and Vendor Shifts
Meta’s multi-billion-dollar partnership with data-labeling startup Scale AI, launched in June with a $14.3 billion investment, is showing signs of…
Asia Markets Mixed as China PMI Data, India Ties, and U.S. Tariff Ruling Shape Investor Sentiment
Asian stock markets closed mixed on Monday as investors weighed fresh economic data out of China, developments in India-China relations,…
OpenAI Eyes India for 1 Gigawatt Data Center to Power AI Expansion
OpenAI, the creator of ChatGPT and a major player in the global artificial intelligence industry, is reportedly planning to build…
India’s Strong GDP Growth Overshadowed by Weak Corporate Earnings and Market Outflows
India’s economy recorded robust growth of 7.8% in the April–June quarter of 2025, outpacing global peers. Yet, the country’s equity…
Dollar Slips as Fed Rate Cut Bets Rise; Trump-Putin Summit in Focus
The U.S. dollar weakened on Friday, reversing gains from earlier in the week, as traders grew more confident that the…
Xi Jinping Pushes AI Cooperation, Rejects ‘Cold War Mentality’ at SCO Summit in China
Chinese President Xi Jinping has called on members of the Shanghai Cooperation Organization (SCO) to deepen cooperation in artificial intelligence…
Nigeria and Brazil Central Banks Forge Stronger Financial Cooperation to Boost Trade and Stability
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil have pledged to deepen financial and economic cooperation…
Dangote Group Signs $2.5bn Deal to Build Fertiliser Plant in Ethiopia, Holds 60% Stake
Dangote Group has signed a landmark $2.5 billion agreement with Ethiopian Investment Holdings (EIH) to build a world-class urea fertiliser…
European Stocks Mixed as Investors Await EU and U.S. Inflation Data
European markets are set for a mixed open on Friday as investors brace for fresh inflation data from both the…
Ghana to Begin Licensed Timber Exports to EU in October 2025
Ghana has announced that it will officially begin exporting Forest Law Enforcement, Governance and Trade (FLEGT)-licensed timber to the European…
Dangote Signs $2.5 Billion Deal to Build Fertilizer Plant in Ethiopia
Africa’s richest man, Aliko Dangote, has signed a landmark $2.5 billion agreement with the Ethiopian government to build a world-class…
AI giant Nvidia beats earnings expectations but shares fall
US-based chipmaker Nvidia reported stronger-than-expected earnings for its latest quarter, but investor sentiment cooled as concerns grew over slowing sales in China…
European Markets Open Higher as Nvidia Earnings Boost Sentiment; Drax Shares Plunge 11% on UK Probe
European stock markets opened higher on Thursday, lifted by strong earnings from U.S. tech giant Nvidia, even as investors weighed…
Nigeria-Guangxi Trade Surges to $320 Million in 2024, Strengthening China-Nigeria Ties
Nigeria’s trade with China’s Guangxi region climbed to $320 million in 2024, marking a significant 21% growth year-on-year. The development was…
Capital Markets Key to Boosting Nigeria–Brazil Trade and Investment, Says NGX Boss
The Nigerian Exchange Group (NGX) has emphasized that capital markets will be instrumental in driving trade and investment between Nigeria…
Stock Futures Flat as Investors Await Nvidia Earnings: AI Demand Fuels Market Optimism
Stock futures were little changed on Wednesday as Wall Street awaited Nvidia’s highly anticipated earnings report, a potential turning point…
Trump’s 50% Tariffs on Indian Goods Take Effect, Escalating U.S.-India Trade Tensions
U.S. President Donald Trump’s decision to double tariffs on Indian goods to as high as 50% officially took effect on…