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

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,...
Business

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

Manny Akpan | Business & Economy Editor -
JUBA, South Sudan — South Sudan has declined to renew an oil exploration licence held by Oranto Petroleum for Block B3, ending a nearly...
Business

AI Threat: Taylor Swift Moves to Protect Voice and Likeness with Trademark Filings

James Richard | Tech Contributor -
NEW YORK, United States — Taylor Swift has filed applications in the United States to trademark her voice and likeness, in a move aimed...
Business

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

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — Aliko Dangote, president of the Dangote Group, said the planned expansion of the Dangote Refinery to a capacity of 1.4 million...
Business

Nigeria Waives $32.8 Million Data Fine Against Meta Following Confidential Settlement

James Richard | Tech Contributor -
ABUJA, Nigeria — Nigeria has waived a $32.8 million fine imposed on Meta Platforms Inc. following a confidential settlement, raising questions about the country’s...
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