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Tuesday, April 23, 2024
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U.S Issues Rules To Stop China From Benefiting From $52 Billion Chips Funding

The U.S Commerce Department on Friday issued final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to...

Nigeria Secures $13 Billion Investment Pledges From Oil Majors

Nigeria has secured a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, including ExxonMobil,...

Elumelu Says New CBN Head Cardoso to Halt Naira Slide

Tony Elumelu, the Chairman of United Bank for Africa Plc and Heirs Holdings said new leadership at the Central Bank of Nigeria (CBN) will...

Goldman Sachs Predicts Oil Price To Rise Above $100 

Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, "more...

Chelsea FC Raises £500 Million of Financing From US Investor Ares

Chelsea FC has raised £500 million ($612 million) of subordinated debt from US direct lending giant Ares Management Corp., according to a report by...

JPMorgan Forecasts $150 per Barrel Oil Says Energy “Supercycle” Looms

In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the...

US Senator Bob Menendez and Wife Indicted on Bribery Charges

...DOJ seizes gold bars and $500,000 New Jersey Democratic Sen. Bob Menendez was charged on Friday with corruption-related offenses for the second time in 10...

State House Admits ‘Error’ Over President Tinubu’s NASDAQ Bell

Nigeria’s State House has admitted that it made an “error” when it claimed earlier this week that President Bola Tinubu was the first African...

Cardoso Assumes Office As Acting CBN Governor

Dr. Olayemi Cardoso has formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate. Cardoso ...

Hedge Funds Bet On Oil Price To Rise Above $100

Hedge funds are piling into the oil market betting that prices will rise above $100 a barrel following a powerful rally triggered by production...

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