Amazon invests $5 billion in South Korea AI data centres
Amazon has announced plans to invest over $5 billion in South Korea by 2031, primarily to build artificial intelligence (AI) […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Nigeria oil production funding sought from Bank of America
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is seeking to bolster the country’s crude oil production by urging the Bank
African Business News
Oil prices drop amid Russian sanctions and OPEC output hike concerns
Nigeria’s revenue is under threat as oil prices have fallen for the third consecutive day, sparked by doubts over the
African Business News
Stocks surge as Asian markets follow Wall Street gains
Asian stock markets experienced a significant surge on Wednesday, mirroring the record gains seen on Wall Street the previous day.
African Business News
US Fed set to cut interest rates again
The US Federal Reserve is poised to cut interest rates for the second consecutive meeting on Wednesday, with a likely
African Business News
Trump Social Media Platform Adds Event Betting Feature
Truth Social, the social media platform founded by former US President Donald Trump, has announced plans to introduce a betting
EU sanctions cost Italian firms millions over toilet export ban
Italian companies are expected to incur significant financial losses due to the European Union’s ban on selling sanitary ware to
Lukoil sells foreign assets amid US sanctions
Russian oil major Lukoil has announced plans to divest its foreign assets following the imposition of Western sanctions on the
Nigeria Fuel Subsidy Removal Delays Cause Economic Hardship
Nigeria’s economic hardship is a result of the country’s failure to remove fuel subsidies over a decade ago, according to
African Business News
Nigeria industrial growth needs renewed commitment
Former Nigerian Senate President, Senator Anyim Pius Anyim, and former Sokoto State Governor, Senator Aliyu Wamakko, have joined several former
African Business News
Nestoil taken over by banks over $1bn debt
Nigerian banks have taken control of Nestoil Limited, a major energy company, due to an alleged debt of over $1
African Business News
Elon Musk launches Grokipedia to rival Wikipedia
Elon Musk’s company, xAI, has launched Grokipedia, a new online encyclopedia aimed at rivaling Wikipedia. The platform, which debuted on