Category: All Posts in Business Category
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Lights Out: Ghana Cuts Power to State Agencies Over Mounting Debts

Wafric News – June 18, 2025 Accra, Ghana - Ghana’s state-owned power company has begun switching off electricity to major government institutions over a staggering backlog of unpaid bills—signaling a...

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US Senate Approves Groundbreaking Bill to Regulate Stablecoins

Wafric News – June 18, 2025Washington, D.C. - In a major step toward regulating the fast-evolving cryptocurrency landscape, the United States Senate on Tuesday night passed a bill aimed at establishin...

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Australia Sanctions 60 Russian Oil Tankers Linked to Shadow Fleet

Wafric News - June 18, 2025Australia has officially moved to sanction Russia’s so-called “shadow fleet” of oil tankers, marking a significant expansion of its punitive measures against Moscow since th...

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Nigeria’s Bosun Tijani Elected Vice Chair of ITU Council 2025, Marking Major Step in Digital Diplomacy

WafricNews - June 17, 2025In a landmark moment for Nigeria’s digital diplomacy, Dr. Bosun Tijani, the country’s Minister of Communications, Innovation and Digital Economy, has been elected Vice Chair...

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EU Looks to Strike Deal with U.S. Before July 9 Trade Deadline

Wafricnews - June 16, 2025 The European Union may soon agree to a 10% flat tariff on its exports to the United States in a high-stakes bid to calm an escalating trade standoff with Washington. The pr...

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Abu Dhabi’s Oil Giant Tables $18.7 Billion Bid for Australia’s Santos

WafricNews - June 16, 2025Abu Dhabi  - In a major move to expand its global footprint in natural gas, the Abu Dhabi National Oil Company (ADNOC) has launched a US$18.7 billion takeover bid for Au...

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Women Engineers Lead Mogadishu’s Construction Boom

WafricNews – June 15, 2025Mogadishu, Somalia – In the heart of Mogadishu’s fast-transforming skyline, two young women in hard hats are rewriting the narrative of post-war reconstruction—and challengi...

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Naira Records Sharpest Decline in Weeks at Official Market

Wafricnews - June 14, 2025 Nigeria’s currency, the naira, suffered its steepest dip in weeks at the official exchange window, breaking a streak of relative stability as global oil markets heat up.Acco...

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Oil Prices Surge, Global Stocks Slide as Israel Bombs Iran Nuclear Sites

Wafric News - June 13, 2025Global markets reeled on Friday after Israeli warplanes struck Iranian nuclear and military installations, triggering immediate fears of a full-scale conflict in the Middle...

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U.S. Faces $22 Billion Bond Auction Test Amid Investor Uncertainty

Wafricnews - June 12, 2025In what might seem like a routine event on paper, the U.S. government’s upcoming $22 billion 30-year bond auction has become a litmus test for the credibility of former Presi...

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