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Tuesday, July 14, 2026

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Manny Akpan | Business & Economy Editor

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AI Worries Send Tech Stocks Lower as South Korea’s Kospi Plunges

NEW YORK, United States — Tech stocks led a sharp sell-off across global markets on Tuesday, June 23, 2026, as weakness in artificial intelligence-linked...

SEC Warns Investors Against Unapproved Dangote Refinery IPO Promotions

ABUJA, Nigeria — Nigeria’s Securities and Exchange Commission, SEC, has ordered capital market operators to stop promoting a purported initial public offering by Dangote...

Addressing the 2026 Global Supply Chain Restructuring and “Asset Famine”: Summit Valtorin Management Academy Launches Practical Private Market Allocation Curriculum

As geopolitical fragmentation accelerates the rewiring of global supply chains in mid-2026, institutional investors are confronting a severe "asset famine"—a structural scarcity of high-quality,...

Africa’s Trade Finance Gap Persists Despite Post-Pandemic Gains, AfDB Report Warns

BRAZZAVILLE, Republic of Congo — African financial institutions demonstrated notable resilience in the years following the Covid-19 pandemic, but the continent's trade finance gap...

Spirit Airlines Shuts Down, Cancelling All Flights After Failed Rescue Talks

FORT LAUDERDALE, USA — Spirit Airlines, the budget carrier that helped reshape low-cost flying in the United States, has ceased operations after 34 years,...

South Sudan Opens Key Oil Block to New Bidders After Ending Arthur Eze’s Oranto Petroleum Deal

JUBA, South Sudan — South Sudan has declined to renew an oil exploration licence held by Oranto Petroleum for Block B3, ending a nearly...

BREAKING: United Arab Emirates to Exit OPEC and OPEC+ From May 1

DUBAI, United Arab Emirates — The United Arab Emirates has announced it will withdraw from Organization of the Petroleum Exporting Countries, OPEC, and the...

Dangote Says Refinery Expansion Will Create 95,000 Jobs at Peak Construction

LAGOS, Nigeria — Aliko Dangote, president of the Dangote Group, said the planned expansion of the Dangote Refinery to a capacity of 1.4 million...

BREAKING: Global Cement Giant Lafarge Guilty of Financing Terrorism

PARIS, France — A French court has found Lafarge guilty of financing terrorism, ruling that the company paid millions of dollars to armed groups,...

Lagos Ranks Among Africa’s Costliest Rental Markets as Housing Pressure Mounts

LAGOS, Nigeria — Lagos has emerged as one of Africa’s most expensive rental markets, ranking fourth among major cities on the continent as surging...

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