Category: Business
Stocks Mixed, Oil Rises As US, Iran Call End To Latest Attacks
While there is an expectation that Washington and Tehran will finalise a deal to end their conflict and reopen the Strait of Hormuz, the process has been fraught with tensions between the long-time foes. Asian stocks were mixed, and oil prices edged up as reports said the United States and Iran had agreed to stop…
South Korea Announces $500bn Chip Investment On Huge AI Demand
The announcement made with representatives of Samsung, SK hynix, and other electronics companies aligns with President Lee Jae Myung’s agenda for industrial development in regions outside the capital, Seoul. Artificial Intelligence South Korea’s chip industry will see a record investment of more than half a trillion dollars as demand soars for the components that power…
Petrol: FCCPC Warns Marketers Against Consumer Exploitation Amid Global Drop In Oil Prices
As of the time of filing this report, global crude oil, Brent crude futures were at $72.44 a barrel from over $100 at the pre-war level. A file photo of a nozzle pump. The Federal Competition and Consumer Protection Commission (FCCPC) Sunday warned operators in the downstream petroleum sector against exploiting consumers following refusal to…
Oil Jumps After Tanker Hit in Middle East Flare-Up
Oil advanced after a tanker carrying Qatari crude was hit during a flare-up in attacks between the US and Iran, straining a ceasefire and hampering shipping through the Strait of Hormuz. Brent jumped as much as 1.9% to $73.39 a barrel, after closing below pre-war levels in the previous session, while West Texas Intermediate was near…
Why NIMC Act 2026 Matters To Nigerians — Tunji-Ojo
The new Act, which repeals and replaces the NIMC Act of 2007, is a piece of legislation, signifying a transformative milestone in Nigeria’s journey towards a secure, inclusive, and digitally empowered nation. Minister of Interior Olubunmi Tunji-Ojo President Bola Tinubu on Friday assented to the National Identity Management Commission (NIMC) Act 2026. The new Act,…
NCAA Hands ₦6m Fine To Saudi Airlines For Consumer Protection-Related Infractions
A statement by the Director, Public Affairs and Consumer Protection, NCAA, Chris Achimugu, in a statement on his X (formally Twitter) handle on Friday noted that the move came after supporting the airline to avert violence at the Nnamdi Azikiwe International Airport a couple of months back. NCAA The Nigerian Civil Aviation Authority has sanctioned…
TCN Announces Blackout In Parts Of Kano, Four Other States
The outage is due to planned maintenance at Kumbotos’ 330 kilovolt transmission substation scheduled for Sunday. A file photo of a powerline. The Transmission Commission of Nigeria (TCN) has announced electricity disruption in parts of Kano, Katsina, Jigawa, Bauchi, and Yobe States, as well as Gazaoua in the Niger Republic. The spokesperson of TCN, Ndidi…
Anambra Commits To Market Reforms For Safer Trading Environments The government expressed concerns over indiscriminate roadside trading, traffic congestion, environmental degradation, and safety risks. The Anambra State Government has reaffirmed its commitment to sustaining ongoing market regeneration reforms aimed at boosting economic activities, improving urban planning, and ensuring safer trading environments across the state. The…
Volkswagen Weighing More Large-Scale Job Cuts —Report
Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. Aerial view taken on October 28, 2024 shows the plant of German car maker Volkswagen (VW) in Zwickau, eastern Germany. Europe’s largest carmaker Volkswagen…
FG Signs Concession Deal For Enugu Airport
It described the concession as a historic breakthrough, revealing that plans to concession the airport had lingered for over two decades without success. Akanu Ibiam International Airport (Photo by FAAN) The Federal Government has officially signed off the Akanu Ibiam International Airport, Enugu, for concession under a public-private partnership (PPP) arrangement to Aero Alliance Limited.…
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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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