SpaceX inks $60b deal to acquire AI startup Cursor
SpaceX announced on Tuesday that it has signed a formal agreement to acquire artificial intelligence startup Cursor in an all-stock deal valued…
Business
Sigma pulls out of $10bn bid to acquire UK pharmacy chain Boots
Australian pharmaceutical group Sigma Healthcare has withdrawn from its bid to acquire UK pharmacy chain Boots, ending plans for a potential $10bn…
EU trade deficit with China hits record €1b daily0
The European Union’s trade deficit with China has surged to a record €1 billion (about £0.8 billion) per day, according to official…
Dangote, AFC sign $600m deal to boost fertiliser output
The Dangote Group has reinforced its strategic partnership with the Africa Finance Corporation through the signing of a $600 million loan agreement…
Nigeria lost N1.75tn in crude export revenue in Q1 – NBS
Nigeria’s crude oil export earnings dropped by N1.75tn in the first quarter of 2026, despite higher global crude prices, according to data…
Over 70% eligible staff accept NNPCL early retirement scheme
The Nigerian National Petroleum Company Limited has commenced an early retirement scheme that is already attracting significant interest from employees, with officials…
G7 nations seek common ground with Trump after Middle East breakthrough
Allies from the G7 nations will gather on Monday for a summit in France, aiming to find common ground with U.S. President…
Nigeria inflation hits 15.93% in May despite slower price growth
Nigeria’s headline inflation rate rose slightly to 15.93 per cent in May 2026 from 15.69 per cent in April, indicating that price…
South Africa raises alarm over economic cost of xenophobia claims
The South African government has expressed concern over the economic impact of xenophobia-related allegations, saying the claims are affecting the livelihoods of…
PenCom launches monitoring platform to enforce pension compliance
The National Pension Commission has stepped up efforts to enforce compliance with the Contributory Pension Scheme by launching a dedicated monitoring platform…
Dangote refinery cuts West Africa fuel imports
The expansion of the Dangote Petroleum Refinery has led to a sharp reduction in clean petroleum product imports into West Africa, significantly…
Brent drops below $84 as Hormuz reopening plan calms markets
Oil prices fell to their lowest level since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister announced…