The Nigerian Federal Government has reached out to China for support in diversifying its economy, with a particular focus on establishing electric vehicle (EV) assembly plants. This appeal was made by the Minister of State for Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, following a meeting with the Chinese Ambassador to Nigeria, Yu Dunham. Odumegwu-Ojukwu emphasized the…
The cryptocurrency market displayed a mix of movements on February 21, with Bitcoin (BTC) making headlines by surpassing the $98,000 threshold. Meanwhile, Ethereum (ETH) and Solana (SOL) recorded modest gains, contributing to a slight uptick in the overall market. The global crypto market capitalization reached $3.23 trillion, reflecting a nearly 1% increase from the previous…
This Friday, Arab leaders will convene in Saudi Arabia for a high-stakes summit aimed at countering former U.S. President Donald Trump’s controversial proposal for Gaza. The meeting, described as one of the most significant in decades, seeks to present an alternative vision for the future of the war-ravaged Palestinian territory while addressing concerns over governance…
Israeli Prime Minister Benjamin Netanyahu has pledged retaliation against Hamas following the release of what the group claimed were the bodies of four Israeli hostages. Among them were Kfir Bibas, an infant, and his four-year-old brother, Ariel, the youngest victims taken during Hamas’s brutal attack on Israel on October 7, 2023. In a highly publicized…
Thursday saw a sharp decline in global equity markets, while gold surged to near-record highs. Investors marked two key milestones: one month since Donald Trump returned to the White House and five years since COVID-19 first sent shockwaves through financial markets. Gold prices soared, inching close to the $3,000 per ounce mark as fears of…
Canadian stock futures dipped on Wednesday as investors reacted to U.S. President Donald Trump’s latest tariff threats and awaited the release of the Federal Reserve’s January meeting minutes. The uncertainty surrounding trade policies and monetary decisions has heightened market caution, affecting global economic sentiment. As of 6:11 a.m. ET (11:11 GMT), futures linked to Canada’s…
Global tech powerhouse Microsoft has announced a $1 million initiative aimed at equipping one million Nigerians with Artificial Intelligence (AI) skills over the next two years. This ambitious project was unveiled by Ola Williams, Microsoft’s Country Manager for Nigeria and Ghana, during the Microsoft AI Tour in Lagos on Wednesday. Expressing her enthusiasm for the…
After a turbulent spell in Saudi Arabia, Neymar has made his much-anticipated return to Santos, the club where his journey to football stardom began. The 33-year-old forward, who previously shone for Barcelona and Paris Saint-Germain, rejoined his boyhood club in late January following a mutual contract termination with Al-Hilal, bringing an end to a disappointing…
In a fresh escalation of his trade policy, U.S. President Donald Trump announced plans to impose 25% tariffs on imported cars, along with similar or even higher duties on pharmaceuticals and semiconductors. Speaking at his Mar-a-Lago resort in Florida, Trump emphasized that these measures aim to counter unfair trade practices and encourage companies to shift…
The U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a shift in market sentiment on February 18, as net outflows took center stage. This downturn coincided with Bitcoin briefly dipping below the $95,000 mark, a move largely attributed to declining optimism regarding the potential establishment of a Strategic Bitcoin Reserve (SBR) under a possible Trump administration….
