U.S. Initial Jobless Claims Rise 10,000 to 244,000

Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.

To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.

The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.