Business

World Richest Man: Elon Musk hits $500 billion

Oakley Mason October 2, 2025

USA Tesla boss Elon Musk has become the first person in history to reach a personal net worth of more than half a trillion dollars.  As stocks in the electric car company rose in New York trading on Wednesday, Musk’s fortune briefly stood at $500.1 billion dollars, before falling back to $499

Business

Trump says Tik Tok sales ready, values it at $14 billion

Oakley Mason September 26, 2025

USA President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law. The new U.S. company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag […]

Business

Nigerians push for reduction in cost of living

Jude Owuamannam September 24, 2025

Nigeria The Central Bank of Nigeria Monetary Policy on Tuesday cut interest rates by 50 basis points to 27 per cent. The move brings excitement to businesses as Nigerians push for a reduction in the cost of living. Interestingly, the latest Monetary Policy Rate cut is the first since 2020, the Covid-19 period. Announcing the […]

Business Politics

South African minister meets US representative in push for trade deal

Andrew Mbeki September 19, 2025

South Africa South African Trade Minister Parks Tau has met U.S. Trade Representative Jamieson Greer for talks, Tau’s office said on Friday, as Africa’s biggest economy tries to reach a deal to roll back steep U.S. tariffs. U.S. President Donald Trump imposed a 30% tariff on imports from South Africa last month after President Cyril […]

Business

Sardine shortage hits french markets

Kristi Lucas September 18, 2025

France In France, canned sardines are getting harder to find — and prices could soon rise. The shortage, experts say, comes down to overfishing and climate change, with warming waters reducing plankton and shrinking sardine populations. Much of the supply comes from Morocco, now struggling to keep up with demand. “The water’s too warm, there’s […]

Business

South Africa grants long-term leases to oil majors at key Durban fuel hub

Andrew Mbeki September 17, 2025

South Africa South Africa has granted oil majors and traders, including BP (BP.L), opens new tab  and Vitol, extended access at its main petrochemical hub, ending years of wrangling over short-term leases that threatened investment and supply security, the national fuels body said. Transport Minister Barbara Creecy extended the lease agreements at the Island View Precinct

Business

South African inflation unexpectedly slows in August

Eric Jabulani September 17, 2025

South Africa on-year from 3.5% in July (ZACPIY=ECI), opens new tab, statistics agency data showed on Wednesday. Economists polled by Reuters had predicted annual inflation would edge up to 3.6%, still comfortably within the central bank’s 3%-6% target range. Well-contained inflation has allowed the South African Reserve Bank (SARB) to cut its main lending rate […]

Business

South African rand flat ahead of expected US rate cut

Eric Jabulani September 17, 2025

South Africa The South African rand was little changed in early trade on Wednesday ahead of an expected U.S Federal Reserve interest rate cut and domestic consumer price index and retail sales numbers. Markets are certain the Fed will cut rates when it makes its policy announcement on Wednesday, and bets are on a 25-basis-point cut. […]

Business

Nigeria’s money Coy 4STONE Capital, affirms suspended staff Osakwe, has fraud case to answer

admin September 13, 2025

Nigeria A financial company in Nigeria’s southwest Lagos, 4STONE Capital, has insisted that one of its staff who is currently on suspension, as a result of financial scam, Mrs. Chioma Osakwe has a pending case to answer with the Nigeria Police. The company had earlier published a public notice in one of the dailies informing […]

Business

Iran and IAEA sign agreement amid growing tensions

Saad Huzaifa September 12, 2025

IRAN Iran and the International Atomic Energy Agency signed an agreement Tuesday in Cairo to pave the way for resuming cooperation, including on ways of relaunching inspections of Iran’s nuclear facilities. The announcement followed a meeting among Egyptian Foreign Minister Badr Abdelatty, his Iranian counterpart Abbas Araghchi and International Atomic Energy Agency