Category: Business
TikTok Settles With US Teenager Ahead Of Social Media Addiction Trial
The 15-year-old Florida teenager, identified only by his initials R.K.C., has accused four social media companies of harming his mental health and previously reached a settlement agreement with YouTube on June 23. FILES) The TikTok logo is displayed outside TikTok social media app company offices in Culver City, California(Photo by Patrick T. Fallon / AFP)…
CBN Revokes Operating Licences Of 46 Microfinance Banks (FULL LIST)
CBN Governor Yemi Cardoso approved the revocation of the operating licences following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions. A general view of the Central bank of Nigeria headquarters in the central business district in Abuja, on May 21, 2025. (Photo by OLYMPIA DE MAISMONT / AFP)…
Trump Defends Earning More Than $1bn On Crypto
Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so. US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on May 27, 2026.…
Dangote, Congo National Oil Company Explore Strategic Partnership In Refining, Petroleum Products Supply
Leading a Congolese delegation on a visit to the Dangote Petroleum Refinery in Lagos, SNPC Managing Director, Maixent Raoul Ominga, described the facility as a strategic asset for Africa and expressed the national oil company’s interest in developing a long-term partnership with Dangote, according to a statement by the company. President and Chief Executive of…
Why Petrol Price Is Not Easing Fast — Analyst
In Nigeria, the development has seen even the Federal Government calling for a reduction in prices to match global changes. A fuel attendant pumps petrol into a motorcycle at a fuel station in Abuja on March 9, 2026, after transport fares increased following a recent hike in petrol prices. (Photo by Light Oriye Tamunotonye /…
Sahara Group Appoints Folake Soetan As Arahas MD
In her new role, she will lead the drive to embed Arahas’ core mantra of delivering high-impact, value-driven solutions to partners and stakeholders. Sahara Group has appointed Mrs. Folake Soetan as Managing Director, Arahas Global Oilfield Services, as the organisation accelerates its Beyond XXX agenda focused on deepening impact, advancing operational excellence, and shaping the…
Cooking Gas Prices Ease In Nigeria
Checks by our correspondent showed that prices range from the margin of between ₦1,100 to ₦1,350 per kilogram in Lagos. A file photo of a cooking gas cylinder Retail gas prices have begun to ease across Nigeria, according to a recent report by our correspondent. The development comes after weeks of price hikes. Although prices…
Dangote To Raise Refining Capacity To 2.1mb/d
Comprising 1.4 million barrels per day in Nigeria and a planned 700,000 barrels per day refining complex in Kenya to serve East African markets. The Dangote Refinery was commissioned in May 2023. X@Engr_Abdulmalik Dangote Industries Limited has revealed plans to increase its total refining capacity to 2.1 million barrels per day. Group Vice President, Oil…
Trump Earned Over $1bn From Crypto Ventures In 2025
The president’s crypto activities are the main reason for the near tripling of his personal fortune, which rose from $2.3 billion to $6.5 billion between 2024 and 2026, according to Forbes. US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on May 27, 2026.…
World Bank To Phase Out Lending To China By 2031
In his first term in office, US President Donald Trump demanded that the World Bank stop lending to China entirely, as he adopted a more aggressive approach to Washington’s chief economic rival. The World Bank will phase out its lending to China by 2031, according to the organisation’s new country partnership framework, a source familiar…
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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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