Investors poured close to $12 billion into Chinese equity funds in the week to Wednesday, a Bank of America Global Research report showed on Friday. That was the largest...
According to a directive issued by the Bank of Angola on July 2 and published on Thursday, banks can now use the Chinese yuan alongside the U.S. dollar, euro...
First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is preparing to open a representative office in Lagos, marking its first physical presence in Nigeria as it looks...
China and Namibia signed a series of agreements on Friday to strengthen cooperation in infrastructure, energy, mining and agriculture, as President Netumbo Nandi-Ndaitwah sought investment to support economic diversification and job...
After successfully launching Nigeria’s only operational oil refinery in 2024, billionaire businessman Aliko Dangote has set his sights on East Africa as the next location for another mega refinery...
US President Donald Trump and his South Korean counterpart Lee Jae Myung agreed to deepen their partnership in military shipbuilding and to continue working-level talks on the issue. The...
In a statement signed by Eniola Akinkuotu, Head of Media and Corporate Communications at the NUPRC, the regulator said Nigeria produced an average of 1.56 million barrels of crude...
South Korea’s SK Hynix priced its American Depository Receipts at US$149 on Thursday (Jul 9), raising about US$26.5 billion, a regulatory filing showed on Thursday, highlighting strong investor appetite...
Close to half a dozen liquefied natural gas carriers have gone into the Strait of Hormuz in the past few days and six have exited the strait, despite the...
India’s ONGC plans to build up a strategic national reserve of crude totalling 1.75 million tons, or 12.8 million barrels. The company would also ask the government to allow...