Category: Business
NAFDAC Seals Three Companies In Ogun Over Production Of Banned Sachet Alcoholic Drinks
During the enforcement exercise, NAFDAC said its team discovered multiple violations across the affected factories. NAFDAC operatives during the operation in Lagos. The National Agency for Food and Drug Administration and Control (NAFDAC) has announced the official shutdown of three alcohol manufacturing companies in Ota, Ogun State, for allegedly violating the Federal Government’s ban on…
Investors gain N74.1tr in one year as market value surges by 87%
Nigeria Exchange Group (NGX) The Nigerian Exchange Limited (NGX) has gained N74.1 trillion in market value in the past year as sustained economic reforms, stronger corporate earnings, banking sector recapitalisation and renewed investor confidence triggered one of the strongest rallies in the history of the domestic stock market. The market capitalisation of listed equities rose from N85.455…
US Chip Stocks Slide On Report Of Chinese Breakthrough
Producing DUV machines would free China from its reliance on ASML, which is bound by export restrictions imposed outside the European Union. Several major US semiconductor stocks fell on Wall Street on Monday, following a report of a technological breakthrough that could accelerate the growth of China’s computer chip industry. According to the website The…
Ebonyi Govt Clamps Down On Defaulting Contractors, Set To Revoke 2km Road Projects
The state government has summoned the contractors to identify the bottlenecks stalling progress, with the uncompleted 2km road projects across all three senatorial zones facing immediate revocation in line with a directive from the State Executive Council (EXCO). The Ebonyi State Government has initiated steps to terminate contracts awarded for the construction of 2-kilometre rural…
Brazil Requests WTO Consultation Over US Tariffs
The Trump administration has imposed two rounds of tariffs on Brazil this month, which left-leaning President and re-election candidate Luiz Inácio Lula da Silva has condemned as interference in the election. This photograph taken in Paris on April 8, 2025 shows a globe with a USA flag with the inscription “tariffs” planted on it as…
Johnson & Johnson Offers $5.5bn To Settle Talc Lawsuits
The proposed settlement aims to end a long-standing legal battle that has weighed on the New Jersey-based firm for years. A court gavel US pharmaceutical giant Johnson & Johnson has offered $5.5 billion to settle tens of thousands of lawsuits claiming that its talcum powder products caused ovarian cancer, the company said Monday. The proposed…
Oil Prices Slide As US, Iran Pause Attacks
International benchmark Brent dropped six percent to near $86 a barrel as the two countries held off on further strikes, offering some relief to Gulf shipping and the oil sector. France and its allies have detained a sanctioned Russian oil tanker in the Atlantic over the weekend, President Emmanuel Macron said on Monday. Oil prices…
Porsche To Slash 5,000 Jobs By 2035
The plan involves a “socially responsible reduction of a further 5,000 jobs by 2035, mostly via natural attrition, demographic shifts, an expanded partial retirement scheme, and voluntary severance agreements,” the company stated. (FILES) The logo of German car producer Porsche AG is pictured on the sidelines of the launch of the company’s initial public offering…
Kano To Compensate Over 1,400 Property Owners Affected By Road Projects
The approval was part of decisions reached at the council’s 40th meeting presided over by Governor Abba Kabir Yusuf at the Government House, Kano, where projects and programmes worth 55.48 billion were approved across various sectors. The Kano State Executive Council has approved the payment of compensation to more than 1,400 property owners affected by…
Kaduna, AFC Ink $500m Mining Investment Deals
Speaking after the signing ceremony, Governor Uba Sani called the agreements a milestone in the state’s push to develop its mineral wealth for sustainable economic growth. Kaduna is in the North-West region. Kaduna State has secured a major boost to its solid minerals development drive with the signing of two Memoranda of Understanding (MoUs) valued…
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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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