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Business

Reporting on companies, markets, industries, entrepreneurship and the commercial developments shaping economies.

Asia

Nigeria Tightens Capital Market Restrictions on North Korea and Iran

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria’s Securities and Exchange Commission has ordered capital market operators to restrict financial dealings connected to North Korea and Iran. The measures...
Business

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

Manny Akpan | Business & Economy Editor -
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...
Business

Parcel of Live Ammunition Sent to FirstBank MD Segun Alebiosu

Kenneth Ebelemi | Sub Editor -
LAGOS, Nigeria — The Lagos State Police Command said it had not made any arrest after a parcel containing live ammunition was delivered to...
Business

SEC Warns Investors Against Unapproved Dangote Refinery IPO Promotions

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria’s Securities and Exchange Commission, SEC, has ordered capital market operators to stop promoting a purported initial public offering by Dangote...
Business

OpenAI Files Confidentially for IPO as AI Rivals Race Toward Public Markets

Ella Ukairo | Tech Reporter -
NEW YORK, United States — OpenAI announced on Monday, June 8, 2026, that it had submitted a confidential filing for an initial public offering. The...
Business

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

Manny Akpan | Business & Economy Editor -
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,...
Business

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

Manny Akpan | Business & Economy Editor -
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...
Business

Google Chief Sundar Pichai Acknowledges Public Anxiety Over AI

Ella Ukairo | Tech Reporter -
NEW YORK, United States — Sundar Pichai, the chief executive of Google, has said that young people are right to feel anxious about artificial...
Business

Elon Musk Loses Lawsuit Against OpenAI 

Ella Ukairo | Tech Reporter -
OAKLAND, United States — A California jury on Monday, May 18, 2026, found that Elon Musk waited too long to bring his lawsuit against...
Business

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

Manny Akpan | Business & Economy Editor -
FORT LAUDERDALE, USA — Spirit Airlines, the budget carrier that helped reshape low-cost flying in the United States, has ceased operations after 34 years,...
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