Oil prices surge as Trump threatens Iran strikes
Brent crude oil prices surged to $70 a barrel on Thursday, the highest level since September, as US President Donald […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Mozambique gas project restarts after 5 year pause
TotalEnergies Relaunches Mozambique Gas Project After Five-Year Hiatus French energy giant TotalEnergies has officially restarted its $20 billion Mozambique gas
Silver prices surge as Hong Kong investors seek safe haven
Hong Kong residents are turning to silver as a safe-haven asset, driven by the precious metal’s surge in value and
Inflation and high interest rates hike loan defaults in Nigeria
Nigeria’s financial institutions are experiencing a surge in loan repayment defaults, primarily attributed to the country’s high inflation rate and
Gold prices hit record high above $5500
Global markets experienced significant fluctuations on Thursday as gold prices reached a new record high above $5,500, while oil prices
UK car production plummets 15 percent in 2025 amid tariffs cyberattack
Britain’s vehicle production declined significantly in 2025, with the sector experiencing its toughest year in a generation. According to the
Tesla profits drop 61 percent due to lower sales
Tesla’s fourth-quarter profits have taken a significant hit, with a 61% drop due to lower auto sales and increased expenses.
Brazil interest rate held at 15% amid inflation concerns
Brazil’s central bank has maintained its benchmark interest rate at 15% for the fifth consecutive time, citing a “still uncertain
Nigeria Lowers Oil Bid Costs to Boost Output and Attract Investment
The Nigerian government has announced a reduction in entry costs for the latest oil bid rounds, aiming to increase transparency,
Microsoft AI spending surges
Microsoft has reported a significant 60% increase in net income for the last quarter of 2025, driven by growth in
Naira gains against dollar for third day
The Nigerian naira has recorded its third consecutive day of appreciation against the United States dollar at the official foreign
Samsung posts record profits on AI chip demand surge
Samsung Electronics has reported record quarterly profits, driven by soaring demand for memory chips used in artificial intelligence. The South