ECOWAS bank plans to double assets to $4.4 billion to help close West Africa’s $36 billion infrastructure financing gap
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to $4.4 billion over the next five years […]
ExxonMobil returns to Africa’s biggest oil producer with $1billion bet after nearly a decade
The U.S. oil major, through its Nigerian affiliate Esso Exploration and Production Nigeria (Offshore East) Limited, has commenced work on the Usan […]
63 Million Barrels Of Crude Stuck At Sea As U.S. Pulls Iran Sanction Waiver
Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver […]
Washington’s Plan to Neutralize Iran’s Hormuz Leverage
For decades, Iran has relied on the Strait of Hormuz as its most effective geopolitical weapon — a crucial energy chokepoint through […]
Mubadala opens $25bn private credit portfolio to outside investors.
Abu Dhabi’s Mubadala Investment Company is transferring its $25bn (£18.7bn) credit portfolio to its alternative asset management arm, Mubadala Capital, giving pension […]
BRICS alternatives to dollar no longer a ‘fantasy,’ economist O’Neill says.
A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those […]
Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return.
Oil futures were on track to post their fourth consecutive weekly loss early on Friday as the tentative reopening of the Strait of […]
Canadian miner unveils $1 billion West African gold project with 60% projected return.
The Toronto Stock Exchange-listed miner said the study values the open-pit project at an after-tax net present value (NPV) of $1 billion, […]
Saudi Arabia Rushes Crude Exports Through Reopened Strait of Hormuz.
About 10 million barrels of Saudi crude have cleared the Strait of Hormuz in recent days, as supertankers continue to load oil […]
Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion.
Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy […]
China’s central bank debuts overnight reverse repo operation, withholding key interest rate.
China’s central bank launched overnight reverse repo operations on Monday (Jun 29), a move markets interpreted as deepening its control over liquidity […]
China Resources New Energy draws 6.4 trillion yuan in retail bids for biggest Shenzhen IPO.
China Resources New Energy’s Shenzhen initial public offering drew about 6.4 trillion yuan (S$1.2 trillion) in bids from retail investors, a filing […]