Category: Business
Major Power Outage Hits France As Europe Wilts Under Record Heat
With four more French departments being put under the highest heat alert category Wednesday, around 44 million people are affected, according to AFP calculations. This photograph taken through a window shows the Eiffel Tower with a giant screen announcing its early closing due to heatwave in Paris on June 23, 2026. Temperatures climbed across Europe…
Naira To Dollar Exchange Rate Today, June 24, 2026
The Central Bank of Nigeria’s exchange rate data indicated that the currency has remained broadly stable despite fluctuations in global currency markets and domestic demand for foreign exchange. By Channels Television A man exchanges Nigeria’s currency Naira for US dollars in Lagos, Nigeria (Photo by PIUS UTOMI EKPEI – AFP) Data from the Nigerian Foreign…
Dangote Refinery Refutes Claims On PMS Export, Re-Importation
The Refinery insisted that any “claim suggesting that the refinery facilitates or tolerates re-importation is inconsistent with its contractual safeguards and established compliance standards. The Dangote Refinery was commissioned in May 2023. X@Engr_Abdulmalik The Management of Dangote Petroleum Refinery and Petrochemicals said it has noted with concern the circulation of “unfounded and misleading claims” suggesting…
Samsung Electronics Plans $59bn Share Buyback
Employees at Samsung will be able to immediately sell a third of the treasury shares they receive as bonuses, but they will have to wait for a year to sell another third and a further year for the remainder. People walk past a large electronic screen showing the Samsung logo at a train station in…
Trump Orders Probe Into Rising Gas Prices In US
Gasoline prices are a political issue in the United States, where fossil fuel-powered vehicles are many Americans’ primary means of transport. Donald Trump said on Wednesday he ordered an investigation into major oil companies over high gasoline prices as the US leader faces criticism over the impact of the Mideast war. Global petroleum prices soared…
Alibaba Sues Pentagon Over Blacklist Designation
The lawsuit, filed Tuesday in San Jose federal court, contests the Pentagon’s decision to include Alibaba in a list released this month of companies it says have ties to the Chinese military. The logo of Alibaba at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 6, 2023. (Photo by WANG Zhao / AFP)…
Meta Offers Lower Cost Glasses As Wearables Competition Heats Up
The glasses are being made in partnership with eyewear giant EssilorLuxottica, but won’t carry that company’s Ray-Ban or Oakley branding, unlike previous releases. An image of meta logo Meta on Tuesday launched a new line of smart glasses priced slightly below its Ray-Ban-branded models, as competition heats up in the AI-powered wearable tech space. The…
UAE To Launch First Passenger Train This Month
The railway project followed initial steps in 2016 to build a Hyperloop between Dubai and Abu Dhabi, which never materialised. from SCOOPLOUNGE UAE Train…photo by The National News The UAE will launch its first passenger train later this month, state media reported on Tuesday, after Abu Dhabi’s crown prince inaugurated the city’s station. The passenger…
Cooking Gas: Stop Mere Talks, Focus On Practical Solutions, Marketers Tell FG, Others
The development followed an update by the Federal Ministry of Petroleum Resources, that it had convened an emergency stakeholders’ engagement, including the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), and the Nigeria Police Force, to address Liquefied Petroleum Gas (LPG) hoarding and diversion to neighbouring countries. Ed Ubong, Coordinating Director,…
Heineken Names Rafael Oliveira As New CEO
His nomination, subject to shareholder approval, comes as the brewer is facing lower beer sales after six years under CEO Dolf van den Brink, who surprised the company by stepping down after a “mixed performance”. Heineken Dutch brewer Heineken said Tuesday that it had picked Rafael Oliveira, formerly of the coffee giant JDE Peet’s, to…
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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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