Tag: Business
USA: President Trump faces growing backlash over plan to import Russian diesel
U.S. President Donald Trump has announced a deal to obtain diesel from Russia, a stunning reversal of years of American policy.
He said R [...]
Nigeria unveils petrol “Price Modulation” plan, rules out subsidy return
Nigeria is proposing to cap petrol prices at about 1,350 naira ($1.02) per litre, asking refiners and fuel importers to absorb temporary increases and [...]
African Union to launch continent’s first credit rating agency
The African Union is set to launch the African Credit Rating Agency (AfCRA) on Wednesday in Port Louis, Mauritius, where the body is headquartered.
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Ghana wins Tullow Tax Arbitration, as tribunal upholds US$393m GRA assessment
Ghana has won its tax arbitration case against Tullow Ghana Limited, with an international tribunal upholding a tax assessment of US$393,091,993.70 ra [...]
Dollar set for second straight weekly gain as Treasury yields surge, Fed bets build
The dollar was on track for its second straight weekly gain on Friday, its first back-to-back rise in more than three months, as surging Treasury yiel [...]
Dangote opens Africa’s biggest-ever share sale, targets $2.1bn for refinery expansion
Nigerian billionaire Aliko Dangote has opened Africa's largest-ever share sale, offering members of the public a stake in his oil refinery in a deal t [...]
Global alcohol industry loses $830 billion in value
An industry once considered virtually recession-proof has been rocked by a downturn few saw coming.
Over the past f [...]
Gas and oil prices rise as stock prices fall due to the USA and Israel attack on Iran
Global energy markets and stock exchanges have been roiled by a dramatic escalation in the Middle East following coordinated military strikes by the U [...]
Banking sector shows mixed performance in 2024
The banking sector exhibited a mixed performance in 2024, with robust asset growth alongside limited private credit expansion.
According to the Wor [...]
World Bank warns of global economic slowdown
The Global economy is heading for its weakest sustained performance in nearly two decades, according to the World Bank’s latest Global Economic Prospe [...]