The growing economic relationship between Africa and the Gulf could develop into one of the world’s most important investment corridors over the next decade, according to billionaire investor and businessman Prateek Suri.
powerful heat wave is pushing electricity systems across parts of the United States toward their limits, with millions of households and businesses in the Midwest and Mid-Atlantic facing a heightened risk of power disruptions as temperatures climb and demand for air conditioning surges.
Six months after the United States and Israel launched their war on Iran, the economic consequences of the conflict continue to spread across global markets, with disruption to energy supplies creating sharp gains for some oil companies while exposing other sectors to higher costs and uncertainty.
DGR Wiki, a Nigerian-based collaborative online encyclopedia established in 2024, is expanding its coverage of knowledge and information across subjects ranging from history and science to politics, culture, technology, sports and current affairs.
The Chairman of Jezco Group, Chief Joseph J.J. Ezeokafor, and a Catholic reverend sister who were abducted by armed gunmen in Ifite-Awka, Awka South Local Government Area of Anambra State, have regained their freedom after spending several days in captivity.
Nigeria’s insurance sector has reached a major regulatory milestone after the National Insurance Commission (NAICOM) confirmed that seven additional insurance companies have met the industry’s revised capital requirements, bringing the total number of compliant firms to 50 as the nationwide recapitalisation exercise officially concludes.
President Bola Tinubu has reaffirmed his administration’s commitment to restoring Nigeria’s state-owned refineries, saying the facilities will return to operation only through a commercially sustainable model that prioritises productivity and profitability rather than symbolic activity.
The Central Bank of Nigeria has revised several rules governing banks’ access to its liquidity facilities, foreign exchange transactions and Open Market Operations, introducing greater flexibility for financial institutions and investors.
Africa could suffer economic losses of between $10 billion and $20 billion if forecasts of an exceptionally powerful El Niño weather event materialise, according to the African Development Bank (AfDB), which has warned that the phenomenon could trigger widespread humanitarian crises, economic disruption and large-scale migration across the continent.
A chaotic confluence of extreme weather is ravaging the United States this week as the country simultaneously battles a smoke-choked East, catastrophic flooding in the South, and a rapid escalation of wildfires across the West.
The cross-border bridge, which links Detroit, Michigan, with Windsor, Ontario, had originally been scheduled to open in June but was delayed following concerns raised by the administration of U.S. President Donald Trump over the financial terms governing the project.
The Nigerian Exchange (NGX) closed higher for another consecutive session, with the All-Share Index (ASI) advancing by 0.62 per cent to 243,958.73 points, up from 242,459.98 points recorded in the previous session. The latest rally pushed the market’s year-to-date return to 56.77 per cent, reflecting continued investor confidence despite broader economic uncertainties.
Funeral homes across France are struggling to cope with a sharp rise in deaths linked to the country’s severe heatwave, as officials report at least 1,000 excess deaths over just five days and warn the final toll is expected to increase.
WhatsApp is introducing a new username feature that will allow users to connect and chat without revealing their phone numbers, marking one of the platform’s biggest privacy updates in recent years.
Netflix continues to turn in fundamentally sound, expectation-beating balance sheets, yet its stock is mired in a severe downward spiral. Shares of the streaming titan have crashed to their lowest level in nearly two years, extending a prolonged market correction that has wiped out billions in shareholder value since its April earnings call.
