Samuel Nwite
AUTHOR: Samuel Nwite
Citi Board Clears Exit From Russia With $1.2bn Hit Following AO Citibank’s Sale Approval
Citigroup has moved closer to fully exiting Russia after its board approved the sale of AO Citibank, its Russian subsidiary, to investment firm Renaissance...
U.S. Grants Samsung and SK Hynix One-year License To Ship Chipmaking Tools to China
The U.S. government has granted Samsung Electronics and SK Hynix annual licenses allowing them to import American chip manufacturing equipment into their Chinese factories...
SoftBank Completes $40bn OpenAI Bet, Cementing One of the Largest AI Investments in History
SoftBank has completed its sweeping $40 billion investment commitment to OpenAI, marking a defining moment in the global race to dominate artificial intelligence infrastructure...
China’s SMIC moves to consolidate domestic chipmaking as it buys out SMNC minority stake.
China’s largest contract chipmaker, Semiconductor Manufacturing International Corp (SMIC), is taking a decisive step to tighten its grip on a key manufacturing arm as...
Nigerian Corporations Turn to Short-Term Debt as SEC Approves N1.37tn Commercial Paper Programmes
Nigeria’s commercial paper (CP) market recorded rapid expansion in 2025, underscoring how corporates are reshaping their funding strategies amid persistently high borrowing costs in...