The Nigerian Exchange Limited (NGX) has emerged the second best performing bourse in Africa buoyed by the recent FTSE Russell reclassification of Nigeria from unclassified to Frontier market status. As of April 24, 2026, the major market indicator of Nigeria’s stock market, NGX All-Share has appreciated by 45.05 per cent in its Year-till-Date (YtD) growth,…
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle…
Discover moreOnline Magazine SubscriptionsAfrican Cultural ExperiencesReal-time Event UpdatesBloomberg The Iran war is raising borrowing costs for African countries that are only just recovering from the post-pandemic shock that sent debt burdens soaring. Research published Tuesday by ONE Data showed borrowing costs from the World Bank’s International Bank for Reconstruction and Development jumped to 5.2% in…
A 2-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
Eskom says more than 140 000 customers are no longer subject to load reduction during peak periods, as the utility makes progress on a programme to eliminate the practice entirely by 2027. Load reduction – distinct from load shedding – is a targeted measure Eskom uses in areas plagued by illegal connections, meter tampering and overloaded…
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December…
Mohamed Salah scores a dramatic late winner as Egypt beats Zimbabwe Bafana Bafana begin campaign with hard fought win Patson Daka scores late for Zambia to hold Mali Egypt 2-1 Zimbabwe Scorers: Marmoush 63rd, M. Salah 90th / P. Dube 20thMohamed Salah’s stoppage-time strike rescued Egypt from the brink of frustration as they fought back…
An electronic quotation board displays the Nikkei 225 stock prices on the Tokyo stock Exchange in Tokyo on Nov. 5, 2025. Greg Baker | Afp | Getty Images Asia-Pacific markets opened mostly higher Tuesday, after AI trade lifted major Wall Street indexes overnight. Nvidia shares rose more than 1% after Reuters said the company was looking…
Belarus has freed 123 prisoners, including prominent opposition activist Maria Kolesnikova, after the US agreed to lift sanctions on the Eastern European country. Nobel Peace Prize winner Ales Bialiatski is also among those who have been freed following talks in Minsk with US President Donald Trump’s special envoy for Belarus, John Coale. The US has…
