Category: Business
Illegal Mining: Imo Community Protests Environmental Degradation, Insecurity
They alleged that the miners had destroyed vast hectares of farmland, degraded the environment, and left behind large borrow pits that now pose serious threats to the community. Imo State is in South-East Nigeria Residents of Amaibo Nguru Community in Ngor Okpala Local Government Area of Imo State on Tuesday staged a peaceful protest over…
Venezuela Oil Output ‘Not Affected’ By Quakes — President
Rodriguez said that Venezuela, which has the world’s largest proven reserves of crude, was pumping 1.2 million barrels per day — up around 10 percent in a year — and that the government remained confident of strong growth this year. This handout picture released by the Venezuelan Presidency press office shows Venezuela’s interim President Delcy…
Oil Extends Gains After Latest US Strikes, Tech Suffers More Losses
Tech firms were once again in the crosshairs, with South Korea’s Kospi extending a painful selloff as chip titan SK hynix continued to be routed amid growing fears about the AI boom. A graphic illustration of barrels of crude oil Oil prices jumped, and stocks fell again Tuesday after fresh US strikes against Iran that…
US Will Be ‘Paid’ For Guarding Strait Of Hormuz — Trump
In his Monday interview, Trump complained about the tactics of Iranian negotiators seeking changes in what was agreed during hours of talks at the weekend. U.S. President Donald Trump talks to reporters after signing an executive order dealing with automobile repairs with Environmental Protection Agency Administrator Lee Zeldin in the Oval Office at the White…
Why FG Is Spending, Not Saving — Umahi
Addressing journalists during an inspection of the Calabar–Abuja Super Highway at the Ebonyi–Benue boundary, Umahi argued that no responsible government or economist would prioritise saving money while critical infrastructure remains undeveloped and citizens face economic hardship. David Umahi Speaks on completion of parts of the Abuja-Kaduna-Kano Highway The Minister of Works, Senator David Umahi, has…
Dangote Cracks Down On Illegal Haulage, Offers ₦500,000 Reward For Whistleblowers
The company said the move forms part of its broader commitment to protect the integrity of its logistics operations and eliminate the activities of unscrupulous individuals who illegally use Dangote-branded trucks to transport unauthorised goods. The Dangote Refinery in Nigeria was commissioned in May 2023. Dangote Industries Limited said it has intensified efforts to combat…
UK Announces £250m Package To Protect Jewish Community
The fresh package will help fund the deployment of more than 500 police officers in districts where a lot of British Jews live, including 300 officers in London. Britain’s Prime Minister Keir Starmer (L) and Turkey’s President Recep Tayyip Erdogan sign a defense partnership agreement on the sidelines of the NATO Summit at Bestepe Presidential…
Oil Prices Spike On Fresh US-Iran Attacks, Tech Weighs On Stocks Again
The US military launched a new wave of strikes on Sunday after renewed fighting over the waterway saw several of Washington’s Gulf allies targeted by incoming fire. A worker pours crude oil into a locally made burner using a funnel at an illegal oil refinery in Bayelsa State. (PHOTO/Akintunde Akinleye) Oil prices jumped more than…
Nigeria Meets 104% OPEC Quota As Production Hits 74-Month High — NUPRC
The improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages, according to the Commission. A graphic illustration of barrels of crude oil Nigeria has met its production quota set by the Organisation of Petroleum Exporting Countries (OPEC), as crude oil and condensate production…
Hyundai Motor Begins Three-Day Strike After Wage Talks Fail
The union and management have been in talks since May but have failed to reach an agreement, with a fifth round of negotiations collapsing on July 8. (FILES) This file photo taken on March 27, 2024 shows the Hyundai Motor logo on the Ioniq 6 electric car at a dealership in Seoul. (Photo by Jung…
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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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