Category: Business
US National Debt Surpasses $40trn For First Time
The United States’ national debt has crossed the $40 trillion mark for the first time, intensifying concerns over the country’s fiscal outlook and putting renewed pressure on President Donald Trump, who campaigned on reducing government spending. Dollars The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday,…
Alaje Says Salary Hikes Alone Cannot Tackle Inflation, Calls For Mass Transit Reforms
Alaje said pay increases may not be enough to protect Nigerians’ purchasing power amid rising living costs, urging authorities to focus on structural measures, particularly reforms in urban mass transportation. FILE: The chief economist at SPM Professionals, Paul Alaje As Nigerians continue to navigate severe economic pressure following fuel subsidy removal and exchange rate unification,…
France Fines Boohoo Over Misleading Discount Claims
French authorities have fined UK fashion retailer Boohoo after an investigation found that some products were advertised with fake or misleading discounts that did not reflect genuine price reductions. (FILES) An illustration with a mobile phone and laptop shows the logo and website of online fashion group Boohoo on August 12, 2021. (Photo by JUSTIN…
PwC Forecasts 4.2% Growth For Nigeria’s Economy In H2 2026
PwC has projected that Nigeria’s economy will expand by 4.2% in the second half of 2026, reflecting expectations of stronger economic activity during the period. Nigeria’s economy is projected to grow by 4.2 per cent in the second half of 2026, supported by higher crude oil production and continued expansion in key sectors, even as…
Shettima, Fubara Commission 33.5km Road Project In Rivers
Vice President Kashim Shettima and Rivers State Governor Siminalayi Fubara have commissioned a 33.5-kilometre road project in the state, with Fubara saying its completion would improve residents’ lives and boost economic activities. The Vice President, Senator Kashim Shettima, has described infrastructure development as a means of creating and distributing opportunities across the country, saying a…
FAAN Says No Blanket Ban On Uber, Bolt At Nigerian Airports
The Federal Airports Authority of Nigeria has clarified that Uber and Bolt operations are not subject to any blanket ban at Nigerian airports, following recent reports and public concerns over e-hailing services. The Federal Airports Authority of Nigeria (FAAN) says it has not imposed a blanket ban on e-hailing services such as Uber and Bolt…
Subsidy Savings: NECA Urges States, Local Govt To Account For N10.4tn Received
The Federal Government had disclosed that the removal of the petrol subsidy generated N15.8 trillion in resources for the Federation between June 2023 and December 2025. The Nigeria Employers’ Consultative Association has called on state and local governments to render full accounts of the N10.4 trillion they received from petrol subsidy savings, following the Federal…
BOI Bond Oversubscription Signals Growing Investor Confidence in Nigeria’s Economy
The Bank of Industry (BOI) has recorded strong demand for its maiden ₦250 billion Series 1 Fixed Rate Bond, with the offer becoming oversubscribed within five working days in a development the bank says reflects growing confidence in Nigeria’s domestic capital market and its economic outlook. Bank of Industry The bond was issued through BOI…
FCCPC Raises Concern Over Possible Cement Price Manipulation in Nigeria
The Federal Competition and Consumer Protection Commission has raised concerns over possible price manipulation and other anti-competitive practices in Nigeria’s cement market, following a three-month cross-border investigation that found significant price disparities between Nigeria and other African markets. The Federal Competition and Consumer Protection Commission (FCCPC) says preliminary findings from its investigation into Nigeria’s cement…
Paramount Seeks $1.9bn Bond From States Challenging Warner Bros Merger
Paramount Skydance has asked a US court to require California and 11 other states, along with the Writers Guild of America, to post a nearly $1.9 billion surety bond to cover potential losses arising from their legal efforts to block its proposed merger with Warner Bros. Discovery. The request was filed on Monday as the…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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