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Markets

Russia Has Price Cap-Busting Oil Plan

Russia has ramped up efforts to create its own national oil pricing benchmark as part of its response to Western efforts to limit its...

UK National Paul Urey Dies in DPR Captivity

British national Paul Urey – who had been diagnosed with chronic diseases and was suffering from stress – died while in the custody of...

Nigeria Government Borrowing from Central Bank Hits Record High of N19.6trn

The Nigeria Government borrowing from its Central Bank hit a record high of N19.6 trillion as at May 2022. As of the end of 2021,...

Flutterwave Announces Graduate Trainee Program and 3rd Edition of Job Fair

Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave Graduate Trainee Program. This program aims to nurture 200 young Nigerians...

China’s GDP Growth Misses Expectations in The Second Quarter

China eked out GDP growth of 0.4% in the second quarter from a year ago, missing expectations as the economy struggled to shake off...

Bank Stocks to Rally into Year-end on Higher Yields

Beaten down Nigerian bank stocks are set to rally in the second half of the year on prospects of higher yields spurring interest in...

Oil Extends Losses After Tumbling Below $100 on Demand Concerns

Oil extended losses below $100 a barrel as escalating fears about an economic slowdown rippled through global markets. West Texas Intermediate futures fell for a...

Bill Gates Donates $20 Billion to Foundation, Plans to Drop Off List of Wealthiest People

Bill Gates will no longer be on the list of the world's wealthiest people. On Wednesday, the Microsoft co-founder, 66, announced on Twitter and in a blog post that...

UBA Opens Dubai Branch

The United Bank for Africa (UBA) has officially launched a new branch in the United Arab Emirates (UAE). The Nigerian tier-1 bank is extending its...

Biden: Force an Option to Stop Iran Nuclear Arms

President Joe Biden has pledged that the US is "prepared to use all elements of its national power" to stop Iran from getting a...

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