Category: Business
UK Opens Probe Into TikTok’s Child Safety Measures
In response, TikTok said it was “confident” that it met obligations set out by Britain’s Online Safety Act, introduced last year to toughen laws around children’s online safety. (FILES) The TikTok logo is displayed outside TikTok social media app company offices in Culver City, California(Photo by Patrick T. Fallon / AFP) Britain’s communications regulator on…
Uber To Take Over Delivery Hero In £12.7bn Merger Deal
Uber CEO Dara Khosrowshahi said a merger would “extend affordable, reliable delivery to many millions more people in some of the world’s most dynamic economies, while creating more opportunities for merchants and couriers”. In this file photo taken on May 08, 2019 in this pan zoom image, an Uber logo is seen outside the company’s…
Pension assets rise by N10.7 trillion in 24 months
Omolola Oloworaran *PenCom orders 48-benefit approval timeline*938,229 new contributors onboarded in two years Pension assets under management in Nigeria’s Contributory Pension Scheme (CPS) rose by 51 per cent in the past two years, increasing from N20.79 trillion in July 2024 to N31.48 trillion as of July 2026, the National Pension Commission (PenCom) has said. PenCom Director-General, Omolola…
UK Govt Announces British Steel Nationalisation, Economy Rebounds
The data comes as Andy Burnham prepares to take over as prime minister on Monday. British Steel’s Scunthorpe plant is pictured in north Lincolnshire, north east England on February 22, 2023. The British government said Thursday it has taken British Steel into public ownership to “protect the future of steel production in the UK”, fully…
Asia Stocks Tumble On Tech Worries, Mideast War
Japan’s Nikkei 225 was 3.16 per cent lower at 66,579.31 points, while the Kospi in South Korea was down 6.21 per cent at 6,831.80. A woman walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange in Tokyo on June 17, 2025. (Photo by Kazuhiro NOGI / AFP) Stocks in…
Niger Opens Bids For Mokwa Erosion Control Project
The State Project Coordinator of Niger ACReSAL, Raji Shehu, said the flooding, which attracted national and international attention, was caused by a combination of natural factors and human activities, particularly the obstruction and encroachment on natural waterways. The Niger State Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project has opened bids for the reclamation and restoration…
South Korea Central Bank Raises Interest Rates To 2.75%
Consumer prices climbed 3.2 percent in June from a year earlier, partly due to higher energy costs and supply chain disruptions linked to conflict in the Middle East. Pedestrians cross a road in front of the Bank of Korea headquarters in Seoul on July 16, 2026. South Korea’s central bank raised its interest rates by…
Nigeria Customs Kano/Jigawa Command Generates ₦63bn Revenue In First Half Of 2026
It attributed the achievements to deliberate operational strategies, intelligence-led enforcement, and stronger collaboration with other security agencies. A photo of the Nigeria Customs Service signage. (Photo: Facebook/Nigeria Customs Service) The Kano/Jigawa Area Command of the Nigeria Customs Service (NCS) says it generated ₦63.08 billion in revenue between January and June 2026, representing a 7.4 per…
Nigeria’s Inflation Rate Drops To 15.91% In June
In its consumer price index (CPI) report released on Wednesday, the NBS said the June 2026 “headline inflation rate showed a decrease of 0.02% compared to the May 2026 headline inflation rate”. A file photo of a woman at a market. Nigeria’s headline inflation rate came in at 15.91 per cent in the month of…
PETROAN Urges FG To Revive State Refineries, Warns Against Reliance On Single Fuel Supplier
PETROAN said the recent decision by Dangote Petroleum Refinery to price petroleum products in United States dollars has highlighted the risks associated with relying heavily on a single major supplier. File photo of the Warri Refinery. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal Government to immediately restore…
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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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