Author: Olu Anisere

Fitch Affirms Tanzania at ‘B+’ with Stable Outlook Fitch Ratings has affirmed Tanzania’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a stable outlook. Tanzania’s rating reflects its relatively strong real GDP growth and low inflation, underpinned by reforms and access to external financing under the current IMF programme, Fitch said. It added that Tanzania’s rating is constrained by weak governance and low, albeit improving, government revenue relative to ‘B’ category peers, and a weak macroeconomic policy framework that leads to distortions in the FX market. In the rating note, Fitch said Tanzania’s incumbent president, Samia Suluhu Hassan,…

Ethereum Price Drops as BlackRock, Fidelity Lead ETF Outflows Ethereum (ETHUSD) price fell by 4.22% to $1,987.97 over the past 24h, closely tracking a broader market sell-off and primarily driven by a seventh straight day of institutional outflows from U.S. spot ETFs. The move was amplified by a cascade of long liquidations. Persistent ETF outflows erode institutional demand, with $92.54 million exiting on March 26 alone. Broad risk-off sentiment driven by Middle East tensions and a liquidation cascade that exacerbated the drop. U.S. spot Ethereum ETFs recorded $92.54 million in net outflows on March 26, marking the seventh consecutive day…

Petrol price stands at N1,051.47 per litre in February – NBS The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased slightly from N1,034.76 in January to N1,051.47 in February. The NBS said this in its Premium Motor Spirit (Petrol) Price Watch for February, released in Abuja on Friday. It said that the February price of N1,051.47 represented a 1.62 per cent increase over the price of N1,034.76 recorded in January. It, however, said that the average retail price of petrol decreased year-on-year from N1,245.80 recorded in February 2025 to N1,051.47 in February.…

Oil Prices Surge over Unresolved Supply Risk Reflecting unresolved supply risks, oil prices edged slightly higher on Friday, as rising concerns over sustained Middle East tensions overshadowed prospects for de-escalation. International benchmark Brent crude futures traded at $102.24 per barrel, up around 0.34% from the previous close of $101.89. US benchmark West Texas Intermediate (WTI) increased about 0.26% to $94.73 per barrel, compared with $94.48 in the previous session. Conflicting statements from Trump and Iranian officials have reinforced expectations that tensions in the region may persist. US President Donald Trump said he had decided to halt plans targeting Iran’s power…

A slew of cryptocurrency analysts has projected XRP to rise as Ripple expands its cross-border payment capabilities with crypto-to-naira payout, as Nigeria remains a strategic corridor for its operation.

China Urges U.S. to Honor Nuclear Disarmament Responsibilities China’s Ministry of National Defence on Thursday dismissed recent United States (U.S.) allegations of nuclear testing as “groundless smears.” It called on the U.S. to fulfill its “special and primary responsibility” for nuclear disarmament. Spokesperson Jiang Bin made the remarks in response to media questions regarding claims by U.S. officials. Jiang emphasised that China adheres to a self-defensive nuclear strategy, maintains a no-first-use policy, and unconditionally commits not to use or threaten nuclear weapons against non-nuclear-weapon states or nuclear-weapon-free zones. China’s nuclear capabilities were kept at the minimum necessary for national security,…

Ethereum (ETH) dropped by more than 5.13% over 24 hours to $2,074.74 as early investors moved holdings to exchanges, countering recent Whale accumulation.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No 5 agreement with SeaSeis Geophysical Limited (SeaSeis), to boost Nigeria’s offshore exploration.

OpenAI to Discontinue Sora, AI Video App OpenAI said it will discontinue Sora, the generative-AI video creation app it launched last year, without providing a reason for the decision. The company behind ChatGPT released Sora in September as an attempt to capture the attention, and potentially advertising dollars, that follow short-form videos on TikTok, YouTube or Meta-owned Instagram and Facebook. But a growing chorus of advocacy groups, academics and experts expressed concerns about the dangers of letting people create AI videos on just about anything they can type into a prompt, leading to the proliferation of nonconsensual images and realistic…

Cardoso Seeks Continental Collaboration to Check Cross‑Border Risks The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has urged African financial regulators to strengthen cooperation in managing cross-border risks. Cardoso also restated the CBN’s commitment to entrenching robust corporate governance in Nigeria’s financial system. He spoke at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and Supervision on Tuesday in Abuja. According to him, as African banks and financial systems become increasingly interconnected, collaboration among regulators is not optional but essential to safeguard stability and ensure shared prosperity across the continent. He…