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CATEGORY

Economy

It’s always about the economy, stupid…

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

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

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...
Economy

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

Manny Akpan | Business & Economy Editor -
DUBAI, United Arab Emirates — The United Arab Emirates has announced it will withdraw from Organization of the Petroleum Exporting Countries, OPEC, and the...
Economy

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

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — Lagos has emerged as one of Africa’s most expensive rental markets, ranking fourth among major cities on the continent as surging...
Business

Equatorial Guinea Bets on Regional Gas Strategy to Become West Africa Hub

Ima Matthew | Sub Editor -
PARIS, France — Equatorial Guinea is accelerating efforts to reposition itself as a regional gas hub, advancing a series of cross-border agreements and infrastructure...
Economy

‘Under New Tax System, NIN Will Be Default Tax Identification Number ‘ – FIRS

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria’s Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission now automatically...
Business

Dangote Details $5 Million School Fees Claim Against NMDPRA CEO

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria — Aliko Dangote, president of Dangote Industries Limited, has released detailed figures to support his claim that Farouk Ahmed, chief executive of Nigeria’s Midstream...
Business

Oshiomhole Calls for Stronger Regulation for OPAY, Moniepoint, Fintech Platforms After Hacking Experience

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Adams Oshiomhole, the senator representing Edo North, has called for stronger regulatory oversight of financial institutions operating outside Nigeria’s traditional banking framework, warning...
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