Trump Intensifies Trade War with New Tariff Threats and BRICS Penalties
The ongoing U.S. trade war under President Donald Trump is heating up once again, as new tariff announcements and shifting…
Category: International
Half of African Currencies Weaken in May Despite Economic Reforms – Afreximbank Report
Nearly half of Africa’s currencies depreciated in May 2025, revealing a mixed macroeconomic picture across the continent, according to the…
Stakeholders Rally Behind Intra-African Trade to Drive Economic Growth and Industrialisation
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) to unlock business opportunities…
Wall Street Awaits Payrolls Report as U.S. Stock Futures Hold Steady
U.S. stock index futures were mostly flat on Thursday as investors braced for the release of the monthly nonfarm payrolls…
Global Stocks Hit Record Highs Ahead of U.S. Jobs Data; UK Bonds Stabilize After Turmoil
Global stock markets surged to record highs on Thursday, buoyed by optimism ahead of the closely watched U.S. payrolls report…
Treasury Yields Dip Ahead of June Jobs Report as Markets Watch Trump’s Spending Bill
U.S. Treasury yields edged lower on Thursday morning as investors awaited the release of the June nonfarm payrolls report, a…
AI and Blockchain Join Forces to Solve Each Other’s Limitations, Ushering in a New Digital Era
The rise of artificial intelligence (AI), particularly large language models (LLMs), and blockchain once seemed like two parallel revolutions. AI…
Flutterwave Cuts Workforce in Kenya and South Africa Amid IPO Preparations
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off approximately 50 percent…
Trump Invites Five African Leaders for Trade Talks, Snubs Nigeria
US President Donald Trump is set to host the presidents of five African nations—Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal—at the…
OpenAI Denies Partnership with Robinhood Over Stock Token Giveaway
OpenAI has clarified that it has no affiliation with Robinhood’s recent stock token promotion involving its brand. Earlier this week,…
Microsoft to Lay Off 4% of Workforce as AI Investments Pressure Margins
Microsoft has announced it will cut nearly 4% of its global workforce, equating to roughly 9,000 jobs, as it looks…
Investors Brace for Volatile Weeks as Global Risk Events Loom
Global investors are preparing for a period of heightened market volatility triggered by a series of unpredictable political and economic…
US Consulate Celebrates 249th Independence Day in Lagos, Strengthens Economic Ties with Nigeria
In a vibrant ceremony held at the U.S. Consul General’s Residence in Lagos, the United States Consulate marked its 249th…
Gambia Embraces Nigeria’s NAICOM Framework to Bolster Insurance Regulation
A high-level delegation from the Central Bank of The Gambia, led by Nyang Medeleine Gomez, has adopted Nigeria’s National Insurance…
Apple Considers Anthropic and OpenAI to Reinvent Siri with Advanced AI Integration
Apple is in advanced talks with leading artificial intelligence firms Anthropic and OpenAI to potentially integrate their large language models…
Tariffs Keep U.S. Interest Rates Elevated as Markets Adjust to Trump’s Economic Agenda
U.S. Federal Reserve Chair Jerome Powell revealed that tariffs enacted by President Donald Trump are the primary reason interest rates…
Asian Stocks Dip as Trump Tariff Deadline Looms and Fed Rate Cut Outlook Uncertain
Asian stock markets faltered on Wednesday as global investors navigated a complex mix of looming U.S. tariff deadlines, ambiguous Federal…
Interswitch’s New Campaign Showcases Fintech’s Human Impact Across Africa
Interswitch, a leading digital payments and commerce company in Africa, has launched a new Masterbrand campaign that emphasizes its behind-the-scenes…
Intel CEO Considers Pivot from Costly 18A Chips to Focus on Promising 14A Technology
Intel’s new CEO, Lip-Bu Tan, is considering a major shift in the company’s chip manufacturing strategy by potentially moving away…
Global Markets Hold Steady Amid Tariff Tensions and Uncertain U.S. Rate Policy
Global markets remained cautious as investors weighed developments in U.S. fiscal policy and looming trade uncertainties. Despite the U.S. Senate…
Middle East Tensions Threaten Ghana’s Economic Stability – Terkper Warns
Seth Terkper, Economic Policy Advisor at the Office of the President, has issued a caution regarding the potential fallout of…
Ghana Makes Debt Deal Strides as Finance Minister Concludes Landmark China Talks
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a significant breakthrough in the…
OpenAI Denies Plans to Use Google’s AI Chips at Scale Amid Industry Speculation
OpenAI has clarified that it has no current plans to adopt Google’s in-house AI chips for its products, following reports…
Elon Musk’s xAI Secures $10 Billion in Debt and Equity Funding to Boost AI Expansion
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $5 billion through debt financing alongside a separate $5 billion strategic…
216 Chinese Investors Target Nigeria’s Key Sectors After Landmark Nigeria-China Summit
At the recent Nigeria-China Sustainable Business Bilateral Trade and Investment Summit held on June 23, 2025, in Lagos, over 216…
World Bank Approves $65m Additional Loan to Boost Nigeria’s Procurement Reform
The World Bank has approved an additional $65 million credit facility for Nigeria, bringing total funding under the Sustainable Procurement,…
US-Africa Business Summit Generates $2.5 Billion in Trade Deals, Strengthening Economic Ties
The 17th U.S.-Africa Business Summit, held from June 22 to 25, has concluded with over $2.5 billion in new trade…
US Banks Surge After Passing Fed Stress Test, Paving Way for Shareholder Payouts
Wall Street’s leading banks saw a boost in premarket trading after all 22 major institutions passed the Federal Reserve’s annual…
Investors Pivot to Europe Amid U.S. Tariff Uncertainty Under Trump
A growing number of global investors are shifting their focus from the U.S. to Europe, driven by growing instability in…
Treasury Yields Dip as Trump’s $3.9 Trillion Spending Bill Awaits Senate Decision
U.S. Treasury yields edged lower on Monday morning as market participants closely watched developments surrounding President Donald Trump’s proposed spending…