Meta and Nigerian Government Launch AI Accelerator to Drive Local Innovation
Meta, in collaboration with Nigeria’s Federal Ministry of Communications, Innovation, and Digital Economy…
Global Outage Hits OpenAI’s ChatGPT, Users Worldwide Left Disconnected
OpenAI’s ChatGPT, one of the world’s most popular AI-powered chatbots, experienced a significant global outage on…
SEC Orders Companies to Release Long-Unclaimed Dividends, Enforces Finance Act…
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars,…
Global Economy Slows to Weakest Pace Since 2008, Warns World Bank
The global economy is expected to grow at its slowest rate since 2008—excluding periods of global recession—due to…
Nigeria and Saudi Aramco’s $5bn Oil-Backed Loan Stalls Amid Crude Price Drop
Nigeria and Saudi Aramco are facing major hurdles in finalizing a landmark $5 billion oil-backed loan, as falling…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over…
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a…
Google Faces Record Fine in Mexico as Antitrust Decision Nears
Mexico’s Federal Economic Competition Commission (Cofece) is expected to rule by June 17 on whether Google engaged…
Wall Street Wavers as U.S.-China Trade Talks Hang in Balance
Wall Street futures were largely flat on Tuesday as investors kept a close watch on the ongoing U.S.-China trade…
Treasury Yields Dip as U.S.-China Trade Talks Resume Amid Market Caution
U.S. Treasury yields fell on Tuesday as investors closely monitored the ongoing trade negotiations between the…
French AI Challenger Mistral Unveils First European-Focused Reasoning Model to…
French artificial intelligence startup Mistral, backed by Microsoft, has officially entered the global AI race…
Amazon Commits $20 Billion to Pennsylvania Data Centres in Major AI and Cloud Push
Amazon has announced a landmark investment of at least $20 billion in Pennsylvania to expand its data centre…
Nigerian Marketers Strike Global Deal to Cut Petrol Price to N700/Litre Amid…
Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce…
Tinubu stabilising Nigeria’s economy…he deserves encouragement – Fayose
Former Ekiti State Governor Ayodele Fayose has voiced his support for President Bola Tinubu, commending his…
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import…
Nigeria's foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62%…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in…
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for…
Naira Holds Firm Below N1,600 as Market Optimism Grows Despite Global Dollar…
The Nigerian naira maintained a relatively strong position below the N1,600/$ mark during the recent holiday…
Meta Bets Big on Scale AI with Historic $10 Billion Investment
Meta Platforms Inc. is preparing to invest more than $10 billion in Scale AI, a move that marks its most…
Dangote Promises Major Overhaul of Nigeria’s Oil Sector Following Tinubu’s…
Aliko Dangote, President of the Dangote Group, has announced plans for a sweeping transformation of Nigeria’s…
US-China Trade Talks Enter Day Two Amid Tension Over Tech and Tariffs
Trade negotiations between the United States and China resumed in London for a second day, with both sides aiming…
Ghana Urges AGOA Renewal as U.S. Tariffs Threaten African Exports
Ghana’s Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has called for the urgent renewal…
U.S. and China Resume High-Stakes Trade Talks in London Amid Rare Earths Dispute
U.S. and Chinese officials reconvened in London on Tuesday for a second day of trade talks, with global markets…
Morgan Stanley Markets $5 Billion xAI Debt Amid Musk-Trump Fallout
Morgan Stanley is marketing a $5 billion debt package for xAI, the artificial intelligence startup owned by Elon…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards…
Fitch Affirms Stanbic IBTC’s ‘AAA’ Rating for 11th Straight Year, Citing Strong…
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at…
Nigerian Equities Market Adds N1.81trn in Four-Day Rally, ASI Rises 2.57%
The Nigerian equities market delivered a strong performance during the holiday-shortened week ending June 5, 2025,…
Nigerian Businesses Cautious Amid Optimism as Interest Rate Hike Looms — CBN…
A recent survey by the Central Bank of Nigeria (CBN) reveals a mixed economic sentiment among businesses across…
Depot Price War: Six Operators Slash Petrol Rates as Competition Heats Up
Amid growing competition in Nigeria’s downstream petroleum sector, six depot operators have reduced the price of…
Oando deepens upstream investment with $375m financing deal
Oando PLC, a leading Nigerian energy company listed on both the Nigerian and Johannesburg Stock Exchanges, has…
Dollar Edges Up Amid Weak U.S. Data; Euro Holds Steady Before ECB Decision
The U.S. dollar showed modest gains on Wednesday, recovering from earlier losses caused by disappointing economic…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from…