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Mixta Debt Woes Worsen as Rising Rates Squeeze Developers

Rising rates are pressuring property companies like Mixta Africa that borrowed heavily on the bond markets to finance their operations. “The Group and Company have...

Africa Finance Corporation Diversifies Shareholders with Equity from Côte d’Ivoire, Mauritius and AfricaRe

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, announces a boost to its share capital following a combined US$38 million equity injection...

Microsoft Buys 4% Stake in London Stock Exchange as Part of 10-year Cloud Deal

U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the...

Firms Lift Capital Spending to N887.90bn Amid Dim Macro Outlook

Several big Nigerian companies ramped up capital spending even as there are concerns that rising interest rates and uncertainties surrounding next year’s elections could...

Groups Drag President Buhari to Court Over New NDDC Board

A coalition of groups under the umbrella of Concerned Civil Society Stakeholders (CCS) in Niger Delta have dragged President Muhammadu Buhari before the Federal...

Erdogan Threatens Greece With Missile Strike

Turkish President Recep Tayyip Erdogan added Sunday to a long series of bellicose statements he and his ministers have directed at Greece, this time...

Ukraine’s Odessa Plunged Into Darkness After ‘Kamikaze Drone’ Attacks

Over 1.5 million people in the southern Ukrainian city of Odessa are without power following Saturday nighttime "kamikaze drones" pummeling electricity infrastructure in the region,...

US Probes FTX Founder For Fraud, Examines Cash Flows to Bahamas

US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse of cryptocurrency giant FTX, are...

Naira at Crossroads as China Pivots Away from U.S Dollar

China may be ready with gloves on, in the rings for a currency war with the West, especially its arch rival, the United States,...

Twitter Files PART 3 Unveil More FBI Collusion

US federal agencies worked closely with Twitter moderators to clamp down on “disinformation” during the 2020 election, while executives went to great lengths to scrub...

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