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Bullion powered to a record high for a fourth straight session, hitting $3,148.88 per ounce. “On top of general risk aversion, investors are increasing allocation to gold with the Trump administration’s trade policy threatening the dollar’s special reserve status,” said Kyle Rodda,

African airlines recorded a 5.7% year-on-year decline in air cargo demand in February 2025, with capacity decreasing by 0.6% in the same period. Capacity, measured in available cargo tonne-kilometers (ACTK), dropped by 0.4%, although international operations saw a 1.1% increase. The International

OpenAI on Monday says it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment giant SoftBank

The Republic of Congo is expected to more than double its natural gas production by 2027, according to an outlook by commodity company S&P Global Commodity Insights – technical partner of the Congo Energy & Investment Forum (CEIF). This production increase will

Oil revenue rose by 53.59 per cent to ₦2 trillion relative to the level in the third quarter of 2024, occasioned by higher receipts from oil revenue. The Central Bank of Nigeria’s 2024 fourth quarter economic report, however, said the earnings fell

The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y). Data from the Central Bank of Nigeria (CBN) says this marks a reversal from the 5.55% growth recorded in

Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving the larger

Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home. The Shenzhen-based company has been at the centre of an intense standoff between China and the United