5G Could Add $26 Billion to Africa’s GDP by 2030, Says GSMA
Africa is at the early stages of adopting fifth-generation (5G) mobile technology, but its economic potential is already making waves.…
Category: International
Google’s James Manyika Highlights AI’s Potential for Transforming Africa’s Future
James Manyika, Google’s Senior Vice President for Research, Labs, Technology & Society, has outlined key areas where Artificial Intelligence (AI)…
Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased Duties
Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his…
Nigeria Can Withstand U.S. Tariff Hike with Strategic Reforms – Trade Leader
The Vice President of National and International Affairs for the West African Cross Border Traders group, Salami Nasiru Alasoadua, has…
Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs
Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day, and…
Global Economists Condemn Trump’s Tariffs, Warning of Recession and Disruptions
Economists around the world are raising alarms about the potential consequences of President Donald Trump’s sweeping tariffs, which have escalated…
European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises
European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London.…
Bond Selloff Signals Global Market Turmoil Amid U.S. Tariff Escalation
U.S. Treasuries experienced significant losses as a global market rout was sparked by the imposition of high U.S. tariffs, leading…
Adesina Advocates for Stronger Global Partnerships to Boost African Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank Group, emphasized the importance of fostering global alliances to enhance economic…
Trump’s 14% Tariff Imposes Risks on N323.96bn Nigerian Non-Oil Exports to the US
US President Donald Trump’s newly implemented Universal Baseline Tariff, announced on April 2, 2025, has placed a significant portion of…
Crypto Market Crashes as Trump’s Tariffs on China Trigger Financial Chaos
The cryptocurrency market has been hit hard following the implementation of U.S. President Donald Trump’s tariffs on Chinese goods. Bitcoin…
Trump Imposes 104% Tariff on China Following Failed Deadline, Intensifying Trade Tensions
The Trump administration has escalated its trade war with China by imposing a significant 104% tariff on Chinese imports. This…
IMF Warns of Increased Funding Requests from Africa Amid U.S. Tariff Fallout
The International Monetary Fund (IMF) is bracing for an influx of funding requests from African nations, as the economic consequences…
Trump’s New Tariffs Shake Global Markets, Pushing Stocks into Decline
US President Donald Trump’s latest round of tariffs, including a striking 104% duty on Chinese goods, took effect on Wednesday,…
Africa’s $60 Billion AI Bet: Ambitious but Lags Behind Global Rivals
Africa has set an ambitious goal with a $60 billion investment into Artificial Intelligence (AI) development, representing 2.2% of the…
Trump’s Tariffs Threaten U.S. Economy and New York’s Future, Warns Senator Schumer
Senator Chuck Schumer has sharply criticized former President Donald Trump for the economic fallout caused by his tariff policies, claiming…
Nigeria Stocks Join Global Decline Amid Tariff Turmoil, Investors Lose N659bn
Nigeria’s stock market suffered significant losses, mirroring a global downturn triggered by U.S. President Donald Trump’s tariffs. On April 7,…
AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to Drive Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration between international financial hubs and…
Asia-Pacific Markets Rebound Following Previous Losses Amid Trade Tensions
Asian stock markets experienced a significant rebound on Tuesday after sharp losses in the previous session triggered by concerns over…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter Bloomberg, caused…
African Trade Ministers to Convene on April 14 to Address Impact of U.S. Tariffs
African trade ministers will meet on April 14, 2025, to discuss the potential impact of new tariffs imposed by the…
No Entry Ban on Nigeria, Saudi Arabia Denies Viral Claims
The Nigerian Ministry of Foreign Affairs has officially refuted claims circulating online that Nigeria has been added to a list…
Trump’s Tariff Threats Spark Global Selloff, Shake Nigeria’s Markets
Nigeria’s financial markets faced turbulence this week as renewed trade tensions, sparked by former US President Donald Trump’s fresh tariff…
MTN Group Set to Launch Streaming Platform to Rival Netflix in Africa
MTN Group, Africa’s leading mobile operator, has announced plans to launch a new streaming platform aimed at competing with major…
Trump’s Tariff Policy Triggers Global Market Chaos as Fears of Recession Mount
President Donald Trump’s aggressive tariff strategy has sent shockwaves through global financial markets, with U.S. stocks bracing for more volatility.…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in Inclusive Growth
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly growing $180 billion digital economy,…
Yen and Swiss Franc Top Safe-Haven Picks Amid Trump Tariffs, Analysts Say
In light of President Donald Trump’s recent announcement of reciprocal tariffs, investors are flocking to safe-haven assets, with the Japanese…
C&I Leasing Expands Electric Vehicle Use in Ghana Amid Successful Series 5 Commercial Paper Issuance
C&I Leasing Plc has experienced significant success in its recent Series 5 Commercial Paper Issuance, concluding in March 2025, which…
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that ongoing U.S. tariffs…
Microsoft Joint Venture Wicresoft to Halt China Operations and Lay Off 2,000 Staff Amid Tensions
Microsoft’s joint venture in China, Wicresoft, will halt its operations in the country starting Tuesday, according to a report by…