Category: Business
CBN Eases Discount Window Rules, Removes Restrictions On FX And Govt Securities Transactions
The Central Bank of Nigeria has relaxed restrictions on its discount window, allowing financial institutions to access the facility even when they participate in the Nigerian Foreign Exchange Market or primary auctions of government securities. CBN Office Abuja Central Bank of Nigeria (CBN) Wednesday announced the removal of restrictions preventing financial institutions that accessed its…
Customs Moves To Boost Trade, Revenue Collection In Niger State
The Nigeria Customs Service is exploring fresh strategies to expand trade and increase revenue collection in Niger State, as it intensifies consultations with businesses and other stakeholders across the zone. Niger_State in in North-Central Nigeria The Nigeria Customs Service (NCS) has reiterated its commitment to developing strategies to address challenges affecting businesses, cross-border activities and…
Nigeria’s Oil Production Drops As Strait Of Hormuz Passage Tightens
Nigeria’s oil production has declined amid tightening passage through the Strait of Hormuz, raising fresh concerns over crude exports and the country’s oil supply outlook. Staright of Hormuz Meets OPEC quota for third month as output hits 1.67mbpd Nigeria’s crude oil production fell by four per cent month-on-month in July despite the country maintaining its run…
NCDMB Urges Oil Firms To Adopt Digital Portal For Global Competitiveness
The Nigerian Content Development and Monitoring Board (NCDMB) has called on oil and gas companies to embrace its digital portal, saying the platform will enhance efficiency, strengthen compliance and improve the industry’s competitiveness in the global market. The Nigerian Content Development Monitoring Board has urged stakeholders in the oil and gas industry to embrace its…
Nigeria Meets OPEC Quota For Third Straight Month As Oil Output Hits 1.67mbpd
Nigeria has met its OPEC production quota for the third consecutive month, with crude oil output rising to 1.67 million barrels per day in July, extending the country’s recent run of compliance with its agreed production target. A graphic illustration of barrels of crude oil Nigeria has for the third consecutive month met and exceeded…
IEA Slashes 2026 Oil Demand Forecast Again As Hormuz Crisis Takes Toll
The International Energy Agency has cut its 2026 oil demand forecast for a second consecutive month, now expecting consumption to fall by 1.6 million barrels per day as the prolonged closure of the Strait of Hormuz continues to disrupt the global energy market. Executive Director of the International Energy Agency (IEA) Fatih Birol delivers opening…
US Inflation Stays High As Fed Weighs Higher Interest Rates
With inflation remaining above the Federal Reserve’s 2% target for more than five years and pressure from the Iran war adding to economic concerns, policymakers are increasingly considering whether higher interest rates may be needed to bring prices under control. A graphic illustration of barrels of crude oil Oil prices rose again Wednesday, and stock…
Google’s Gemini AI Assistant Surpasses One Billion Users
Google’s Gemini AI assistant has reached the milestone of one billion users, marking a major victory for the tech giant as it pushes to reshape its artificial intelligence business and compete more aggressively in the fast-growing AI market. (FILES) A large Google logo is seen at Google’s Bay View campus in Mountain View, California, on…
French Newspapers Take Google To Task Over AI Summaries
French newspaper publishers are challenging Google over its AI Overviews, which were introduced in France in late July and appear above traditional search results, generating summaries by drawing information from multiple sources. (FILES) A giant Google logo is seen at Google’s Bay View campus in Mountain View, California on August 13, 2024. (Photo by Josh…
Akwa Ibom Receives 40 CNG Buses, Targets Lower Transport Costs
The Akwa Ibom State Government has taken delivery of 40 CNG buses as part of efforts to reduce transportation costs and ease the burden on residents. The Akwa Ibom State Government has taken delivery of another 10 Compressed Natural Gas (CNG) buses, bringing the number of buses delivered under Governor Umo Eno’s mass transit programme…
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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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