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IMF Raises Concerns Over Nigeria’s $26B Loan Plan

June 2, 2025

IMF and analysts caution Nigeria on proposed $26B borrowing plan, highlighting debt sustainability concerns.

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US-Africa Business Summit yields over $2.5 billion in deals, commitments

1 July 2025

The United States Department of State has said that the 17th U.S.-Africa Business Summit yielded more than 2.5 billion dollars in new deals and commitments between U.S. and African partners.

The post US-Africa Business Summit yields over $2.5 billion in deals, commitments appeared first on Nairametrics.

Seplat Energy trains 50 editors, correspondents on media entrepreneurship in Lagos

1 July 2025

Seplat Energy Plc, foremost Nigerian independent energy Company, on the 25th and 26th June 2025, successfully trained 50 journalists covering the Capital Market, Judiciary, Finance and Business on Media Entrepreneurship.

The post Seplat Energy trains 50 editors, correspondents on media entrepreneurship in Lagos appeared first on Nairametrics.

World Bank approves extra $65 million loan for Nigeria’s SPESSE project

1 July 2025

The World Bank has approved an additional $65 million credit for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, raising the total funding to $145 million.

The post World Bank approves extra $65 million loan for Nigeria’s SPESSE project appeared first on Nairametrics.

Nigerian Oil falls below $70 a barrel amid faded supply disruption

1 July 2025

Nigerian crude prices dipped to a three-week low on Tuesday, falling back to rates seen before the recent Israel-Iran fighting as fading supply fears and talk of an OPEC+ output increase weighed on the market.

The post Nigerian Oil falls below $70 a barrel amid faded supply disruption appeared first on Nairametrics.

Elon Musk’s xAI raises $10 billion in debt and equity financing to accelerate AI innovation

1 July 2025

Artificial intelligence company xAI, founded by tech entrepreneur Elon Musk, has secured a total of $10 billion in new funding, a move that significantly bolsters its ambition to lead the next wave of AI innovation.

The post Elon Musk’s xAI raises $10 billion in debt and equity financing to accelerate AI innovation appeared first on Nairametrics.

Bimbo Manuel stars in ‘The Lost Days’, premiering July 11 on Prime Video

1 July 2025