Category: Business
ECOWAS Parliament Pushes Stronger MSME Support, Seeks Removal Of Trade Barriers
The ECOWAS Parliament has called for stronger support for micro, small and medium-sized enterprises (MSMEs), urging member states to eliminate cross-border trade barriers and expand financing for regional industrial and agricultural production. A general view of Economic Community of West African States (ECOWAS) headquarters in Abuja, on May 21, 2025. (Photo by OLYMPIA DE MAISMONT…
BUA Eyes Two Million-Tonne Raw Material Imports With $85m Port Expansion
BUA Group is set to boost its raw material imports to two million tonnes annually through an $85 million expansion of its port facilities, a move aimed at strengthening production capacity and improving supply chain efficiency. Founder and Chairman of BUA Group, Abdul Samad Rabiu • NPA expects double-digit cargo, revenue growth from BUA Port…
Adeola Adejokun enters 2026 PR Power List
The Head of Communications at First City Monument Bank, Adeola Adejokun, has been named among the honourees on the 2026 PR Power List, an industry recognition presented during World Public Relations Day celebrations in Lagos. Adejokun was recognised in the “Rising Voices” category at the event, held at Alliance Française de Lagos and attended by communications…
Niger Govt, NNPC Seal Gas Master Plan Deal To Boost Industrialisation
Bago said his administration would leverage the opportunities created by the project to create jobs, expand the state’s productive capacity and attract more investment. The Secretary to the Niger State Government, Abubakar Usman, and the Commissioner for Justice, Mu’azu Nasir, signed on behalf of the state government. The Niger State Government has signed a Memorandum…
Global Stocks Rebound As Tech Sector Sparks Market Rally
After four weeks of heavy losses driven by concerns over massive investments in artificial intelligence, investors returned to the market, encouraged by a string of stronger-than-expected corporate earnings. A man stands near an electronic screen showing South Korea’s benchmark stock index (KOSPI) outside a foreign exchange dealing room at the Hana Bank headquarters in Seoul…
Samsung Quarterly Operating Profit Soars 1,800% as AI Boom Fuels Revenue Growth
Samsung reported revenue of 171.5 trillion won, marking a 130% increase from a year earlier, driven by strong demand linked to the artificial intelligence boom. A Samsung flag flutters outside the company’s Seocho building in Seoul on October 8, 2024. South Korean conglomerate Samsung unveiled on November 16, 2025 a plan to invest $310 billion…
Electric Vehicle Sales Surge as Middle East Conflict Sends Oil Prices Soaring — IEA
The International Energy Agency says rising oil prices, triggered by the Middle East conflict and disruptions to crude shipments through the Strait of Hormuz, have accelerated global demand for electric vehicles. Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday.…
BMW Profit Slumps as Weak China Demand Drives Planned Workforce Cuts
BMW is preparing to offer severance packages to nearly half of its German workforce, aiming to reduce about 8,000 jobs by the end of 2027 as declining demand in China weighs on profits. This photo taken on July 16, 2026 in Munich, southern Germany, shows the company’s logo atop the so-called BMW tower, the global…
Okonjo-Iweala Urges AI, Clean Energy Investment To Withstand Economic Shocks
Analysts say Africa holds some of the world’s largest reserves of these minerals, yet continues to capture only a fraction of their economic value because most are exported without significant local processing. A file photo of former Minister of Finance, Dr Ngozi Okono-Iweala. Africa must move urgently to position itself at the centre of the…
Niger Secures $150m IsDB Loan For Solar Power Project
Chairman of the New Niger Development Project (NNDP), Abubakar Mustapha, said the solar project will be sited in Maikunkele, with the Niger State Government providing the remaining $10 million as counterpart funding. Niger_State in in North-Central Nigeria The Niger State Government has secured a $150 million loan from the Islamic Development Bank (IsDB) to finance…
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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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