Business & Economy - Page 13

The Bank of England has issued a stark warning regarding a new AI model titled Claude Mythos by Anthropic. The high-level emergency meetings between the U.S. Treasury, the Federal Reserve, and top Wall Street CEOs concerning the 27-year old bug. ​Claude Mythos

Federal Government of Nigeria took a significant step in aligning political stability with fiscal health. On Thursday, April 9, Secretary to the Government of the Federation (SGF) George Akume officially reaffirmed the government’s stance that a healthy democracy is the primary driver

The Federal Government has secured 746 million pounds for the modernisation of the Apapa and Tin Can Island Ports in Lagos. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, made this known while declaring open, the ‘Blue Economy Investment Summit

We are seeing a fundamental shift in how supply chains operate across the continent. After several years of what many experts called a “permacrisis” (pandemic shocks, port congestion, and energy instability), 2026 is marking a pivot toward resilience and regionalism. ​Instead of

Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has released its FY 2025 Audited Financial Results, achieving record-breaking growth and unparalleled performance across several key metrics. Key figures include the doubling of the

That slight downgrade is a significant detail in the current economic conversation. In the April 2026 Africa Economic Update (titled “Making Industrial Policy Work in Africa”), the World Bank adjusted its outlook to reflect a “cautiously optimistic” but more grounded reality. ​While

This Australian breakthrough is being hailed as the “Holy Grail” moment for the hydrogen economy. For years, the main argument against green hydrogen wasn’t that it didn’t work. it was that it was too expensive to make compared to fossil fuels. ​By

The African Export-Import Bank (Afreximbank) has approved a $10 billion emergency facility known as the Gulf Crisis Response Programme (GCRP) to shield African and Caribbean nations from the economic shocks of the escalating Middle East conflict. Key Objectives of the GCRP involves Sustaining Essential Imports. Provides short-term foreign

We’ve been hearing about “ending the queues” for a long time, but 2026 feels like a genuine tipping point because of the sheer scale of what’s finally coming online. Historically, fuel queues were often caused by “vessel-to-depot” delays. With these refineries running,

Some stock market investors have expressed optimism that banks, telecommunications, oil and gas, industrial and consumer goods stocks will drive the market in this second quarter (Q2). They also expressed optimism that the stock market would sustain its growth in Q2. The