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Markets

Euro-Dollar Exchange Rate Converges, Breaks a 20-Year Myth but Raises Concerns for African Countries

The financial market and by extension global economics is changing very fast than anyone could have ever imagined. Some say the pandemic is over but...

Iran Responds to US Claims of Drone Shipments to Russia

Tehran will not help either side in the Russia-Ukraine conflict, Iranian Foreign Minister Hossein Amir-Abdollahian has said in response to White House claims the...

US Sees Highest Inflation in Over 20 Years

Inflation in the US has once again exceeded forecasts, jumping by 9.1% in June compared to the same period of last year, the Department...

Nigeria Impervious to a U.S Recession

Nigeria and emerging market countries are impervious to a U.S recession that many analysts see as inevitable given red-hot inflation, rising interest rate, sell-off...

Seplat Energy Says Not Party to NNPC Lawsuit Against Mobil Nigeria

Seplat Energy PLC says it is not a party to the Court Action brought by the Nigerian National Petroleum Company Limited (NNPC) in relation...

Euro Nears Parity With Dollar for First Time in 20 Years

On international exchanges, the euro edged closer to parity with the dollar. In choppy forex trading, the European currency slid to just 1.0001 to...

Russia Claims it Destroyed US-made Harpoon Launchers in Ukraine

The Russian military says it has destroyed more US-made weapons in Ukraine. Several launchers for Harpoon anti-ship missiles were targeted by a ground-launched Iskander...

Insurers Grow Premium Income on Gradual Economic Recovery

There has been an improvement in the premium income of the largest insurers who rode on the wave of economic recovery following the relaxation...

US Assassinates ISIS Leader in Syria Maher al-Agal

The US assassinated the leader of ISIS in Syria, Maher al-Agal, in an airstrike on Tuesday, US Central Command (CENTCOM) announced. The strike targeted al-Agal,...

Dr. Ogungbemi Urges FG to Fund Fight Against Human Trafficking

Nathanael Gbaoron, Lafia US based Nigerian Medical Doctor, Dr Olalekan Ogungbemi, has asked the Nigerian government to stop paying lip service to the fight against...

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