Elon Musk has announced that SpaceX has closed a $40 billion debt financing deal to fund purchases of graphics processing units (GPUs), highlighting the enormous cost of expanding artificial intellige...
Global oil prices declined on Monday after rising sharply last week, but remained close to six-month highs as continued attacks on Saudi Arabia heightened concerns about supply disruptions across the ...
The Central Bank of Nigeria (CBN) has granted JPMorgan approval-in-principle to establish a merchant bank in Nigeria, marking a significant development for the country’s financial sector and its effor...
Elon Musk’s political connections and his companies’ exposure to China could create major challenges for a potential merger between SpaceX and Tesla, despite expectations that the deal would face limi...
The International Monetary Fund (IMF) has forecast that economic output across the Middle East, North Africa and Pakistan will shrink by 1.3% in 2026 as the ongoing war involving Iran disrupts energy ...
A tanker carrying 40,000 metric tonnes of Russian diesel is heading to New York following an agreement between Russian President Vladimir Putin and US President Donald Trump, according to shipping dat...
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said state and local governments receive about 85 per cent of Nigeria’s resources, leaving the Federal Government with ...
China is tightening its grip on wealth held overseas by its richest citizens, introducing a new tax policy that could bring billions of dollars into government revenue as the country faces growing fin...
Apple has warned customers hoping to buy its new folding iPhone Duo in physical stores that supplies will be limited when the device officially launches on Friday, October 23. The announcement comes a...
Electricity consumers in Nigeria could get faster solutions to faulty meters as the Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) to repair...