Global market rout darkens outlook for European luxury labels.
Growing fears that Donald Trump’s tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that […]
The Cities With The Most Billionaires 2025
The world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town […]
CBN’s $10.50m funding not loan but grant – World Bank.
The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan. According […]
Nigeria, Japan partner on Naira-denominated venture capital fund to boost startups.
Nigeria and Japan have unveiled a venture capital initiative aimed at fostering high-growth startups through Naira-denominated investments. The initiative, which shields startups […]
Russia ready to help Africa develop technologies for growth – trade envoy.
Russia stands ready to support African nations in developing technologies for self-sufficiency, ensuring technological sovereignty and managing continental data systems. “Africa is […]
Russia seeks closer ties with West African juntas.
The foreign ministers of Mali, Burkina Faso and Niger plan to visit Moscow this week as the Sahel nations and Russia seek […]
China’s 4 state-owned banks to bring in Finance Ministry as strategic investor, a move to reinforce capital adequacy.
Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share […]
Ubisoft jumps 10% after Tencent invests in new subsidiary.
Ubisoft shares rose more than 10% on Friday after the French video game maker announced plans to set up a subsidiary in […]
Markets brace for cut to BOJ’s super-long bond buying.
The Bank of Japan could take another key step toward diminishing its huge presence in the bond market next week, when it […]
French and Spanish Inflation Undershoot, Backing ECB Cuts.
Inflation in France and Spain undershot expectations, supporting calls for more interest-rate cuts by the European Central Bank. Consumer-price growth held steady […]
US imports 2 million barrels of jet fuel from Dangote refinery.
The United States imported over two million barrels of aviation fuel from the Dangote refinery in March. The refinery confirmed this in […]
DisCos’ revenue falls 33% short in 2024, as regulator blame inadequate metering, poor service.
The electricity distribution companies in Nigeria recorded a 33 percent short fall in their total revenue in the year 2024, as only […]