Nigeria’s Central Bank declines payment of the $2.4 billion FX backlog after a failed audit.
The governor of Nigeria’s central bank announced on Monday that errors totaling $2.4 billion had been found in a forensic examination of $7 billion in
MTN Group and Airtel Africa will share networks in Nigeria and Uganda, given high 5G connection costs.
To reduce costs while simultaneously expanding service coverage, MTN Group and Airtel Africa announced on Wednesday that they had reached an agreement to share mobile
Warren Buffett’s US toymakers given the nod to sue China’s Alibaba for the sale of allegedly fake Squishmallows.
A New York judge has ruled that Alibaba must respond to a case brought by a US toymaker who claims the Chinese e-commerce behemoth's internet
Bezos to divest 50 million Amazon shares worth $8.6 billion over 12 months.
As per a business filing on Friday, Jeff Bezos, the founder of Amazon, is set to divest up to 50 million shares of the online
Meta gains record $196b in market value, driven by AI and advertising revenues.
In what CEO Mark Zuckerberg dubbed the “year of efficiency,” Meta Platforms Inc. tripled its earnings and reported significantly greater revenue in the last quarter
The World Bank tackles the climate crisis with emergency funds and catastrophe bonds.
To better assist member nations affected by natural disasters and other shocks in responding to a world that is becoming more and more prone to
Farmers’ rage grows throughout Europe over taxes, green rules, and cheaper imports.
In protest of increased taxes and growing expenses, farmers set off fireworks, ignited fires close to the European Parliament in Brussels, and flung eggs and
China’s Country Garden puts a $570m London residential building up for sale after defaulting on offshore payments.
Chinese real estate developer Country Garden is moving forward with asset sales both domestically and internationally following its offshore loan default by listing its 450
Nigeria restricts bank FX holdings as the naira hits a record low of 1,531 to the dollar on the official market.
Following a decline in the value of the local currency relative to the US dollar, Nigeria’s central bank placed restrictions on the amount of foreign
China has lost Teradyne’s $1b semiconductor manufacturing contract to U.S. export controls.
A Teradyne representative stated on Monday that the company, Teradyne, a provider of semiconductor testing equipment, withdrew manufacturing worth around $1 billion from China last
Nippon Steel to acquire U.S. Steel with $16b in loans to be funded by 3 megabanks in Japan.
Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group, and Mizuho Financial Group, plan to lend Nippon Steel a combined $16 billion for its planned acquisition
China Evergrande was forced into liquidation with over $300b in liabilities, compounding the housing crisis.
China Evergrande, the most indebted real estate developer in the world, was forced into liquidation by a Hong Kong court after an unsuccessful attempt to
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