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BusinessNews

Rising Global Oil Prices Increase Pressure on African Currencies

African foreign exchange markets are experiencing renewed pressure as rising global crude oil prices increase demand for United States dollars among fuel-importing economies,...

BusinessNews

France and Morocco Deepen Renewable Energy Partnership with Planned Electricity Link

France and Morocco have agreed to advance plans for a direct electricity interconnection, a strategic initiative expected to deepen energy cooperation between Europe...

BusinessNews

Trafigura Exits Angola Power Transmission Project as Regional Energy Investment Continues

Trafigura has withdrawn from a major electricity transmission project intended to connect Angola’s hydropower resources with mining operations in the Democratic Republic of...

BusinessNews

South Africa Moves to Strengthen Energy Security with Mandatory Fuel Stock Proposal

South Africa is moving to strengthen its energy security through a proposed policy that would require both government and private fuel companies to...

BusinessNews

Nigeria and Czech Republic Chart a Bolder Path for Bilateral Cooperation

Nigeria and the Czech Republic are moving to take their longstanding diplomatic relationship to a new and more structured level, with both governments...

BusinessNews

JP Morgan Predicts Gold Could Reach $6,300 as Prices Retrace from Recent Record High

JP Morgan said late on Sunday that it expects strong demand from central banks and institutional investors to drive gold prices higher, projecting...

BusinessNews

South African Central Bank Chief Economist Christopher Loewald to Retire Early

The South African Reserve Bank (SARB) announced on Friday that its chief economist, Christopher Loewald, will be taking early retirement effective March 1,...

BusinessNews

Gold Surges Toward $5,600 as Investors Flock to Safe Havens

Gold prices surged on Thursday, hovering just below $5,600 an ounce, as investors sought refuge amid escalating geopolitical tensions and global economic uncertainty....

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Rollas Mourns Francis Duru, Calls for Stronger Welfare Support for Nollywood Actors

Former National President of the Actors Guild of Nigeria (AGN), Emeka Rollas, has mourned veteran Nollywood actor Francis Duru, urging practitioners to build...

SDP Candidate Calls for Balanced Media Coverage Ahead of 2027 Elections

The Social Democratic Party’s (SDP) presidential candidate, Adewole Adebayo, has urged Nigerian media organisations to provide fair and balanced coverage of all political...