Abuja — Oil prices fell yesterday as adequate global supplies offset concerns about supply disruptions due to the US capture of Venezuelan President Nicolas Maduro in an audacious raid over the weekend. Nigeria’s benchmark, Brent crude futures, were down 50 cents, or 0.8 per cent, to $60.26 a barrel, while US West Texas Intermediate (WTI)…
Oil prices rose Sunday as investors and traders weighed the market forces that could be unleashed by President Donald Trump’s attack on Venezuela and his comments about what could be next for the country and its massive oil reserves. U.S. crude oil, known by traders as West Texas Intermediate, fell initially before it rose around…
Global cocoa prices have come down after two years of rising costs. At the end of 2024, the price of cocoa almost hit US$12 000 per tonne. Now, it has dropped to around US$5 000 per tonne. That is a drop of more than 50% in just one year. Follow us on WhatsApp | LinkedIn…
Public pressure has forced Fifa to introduce a cheaper ticket tier for the fast-approaching 2026 soccer World Cup. This revision will see a selected number of supporters from various qualified countries pay just $60 (approximately) for matches at the tournament. About three years ago, Fifa president Gianni Infantino delivered a moving monologue on the importance…
An acute global shortage of memory chips is forcing AI and consumer electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components. Japanese electronics stores have begun limiting how many hard disk drives shoppers can buy. Chinese smartphone makers are warning of price increases. Tech giants including Microsoft, Google…
Retailer Mr Price Group’s venture into telecommunications – which comprises mobile phone and accessory sales as well as the Mr Price Mobile MVNO offering – is paying off, with double-digit growth reported for the 26 weeks to end-September 2025. “The telecoms segment continued its trend of delivering double-digit sales growth of 12.4% to R678-million and…
Samsung chip factory complex in South Korea Samsung Electronics this month raised prices of certain memory chips — in short supply due to the global race to build AI data centres — by as much as 60% compared to September, two people with knowledge of the hikes said. The move follows the world’s biggest memory…
For the second time in four months, Spotify is hiking prices in South Africa – this time, though, there’s more value on offer, including lossless (non-compressed) music streaming for the first time. New Premium plans – Lite, Standard and Platinum – are being introduced in five markets around the world: South Africa, India, Indonesia, Saudi…
KTDA CEO Wilson Muthaura, Agriculture CS Mutahi Kagwe and KTDA chairman Chege Kirundi. PHOTO/FILE. Kenya is one of the world’s largest exporters of tea, but within the country, a growing controversy has arisen over the significant price disparities between tea grown in the East and West of the Rift Valley. Tea farmers in the Eastern…
The Trump administration is expected to announce, as early as this week, a deal with drugmakers Eli Lilly and Novo Nordisk to lower the price of their weight loss drugs in exchange for limited Medicare coverage, according to two people familiar with the plan. The deal would reduce the cost of the lowest doses of…
