Category: Business
Nigeria, Libya, Algeria Burned Over 25bcm Gas In 2025
According to the World Bank’s Global Gas Flaring Tracker, global gas flaring rose to a six-year high in 2025, driven by increases in Russia and Iran. FILE: Gas flaring Africa remained an area of persistent flaring. wth Nigeria, Libya, and Algeria flaring more than 25 bcm of gas in 2025, despite widespread power shortages and…
Oracle Cuts 21,000 Jobs Amid Global AI Adoption
Worries are quickly mounting over job losses due to AI disruption, as 196 tech companies have laid off more than 119,800 employees so far this year, according to Layoffs. fyi, a website tracking sector-wide job cuts Oracle’s total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring…
Honour Your Visa Terms, US Mission Tells Nigerians
The reminder followed ongoing efforts by the US to curb visa overstays and maintain the integrity of its immigration system. US Visa Nigerian travellers have been reminded by the United States Mission in Nigeria to strictly comply with US immigration laws regarding their stay in the country. It urged applicants to stay only for the…
FAAN Mulls Final Extension Of Airport Cab Upgrade Deadline To October 2026
The extension is being considered due to concerns raised by members of the Association of Private Cab Operators over vehicle upgrade requirements and revised operational charges at airports nationwide. In what it describes as a final opportunity for operators to comply with new service standards aimed at improving passenger experience across Nigerian airports, the Federal…
Naira To Dollar Exchange Rate Today, June 23, 2026
The official exchange rate has remained within the ₦1,350-₦1,370 range in recent weeks, supported by improved liquidity and sustained foreign portfolio inflows into local assets. File photo of naira and dollar notes Latest data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira exchanged at approximately ₦1,366.41 per dollar at the official market…
Yen Hovers Near 40-Year Low Against Dollar
The currency has been sliding for several years and has come under renewed pressure because of the Middle East war and the gap in US and Japanese interest rates. Yen Japan’s finance minister said Tuesday that Tokyo was ready to take “resolute measures” as the yen came within a whisker of its 40-year low against…
EU Bets On Digital Euro To Cut US Tech Addiction
The European Central Bank first suggested the digital euro in 2020 because Europe lacked its own system before the EU executive made its formal proposal. Euro…photo by Currency Transfer The EU believes a digital euro is the answer to cutting its addiction to US payment systems like Visa and Mastercard as well as Apple Pay…
Crude Holds Losses On Peace Talks, Stocks Fluctuate
US Vice President JD Vance said a “very good foundation” had been laid for negotiations towards a final deal and that Iran would allow UN nuclear inspectors to return to the country. A graphic illustration of barrels of crude oil Oil prices edged up Tuesday, though they remain below $80 following Monday’s drop that came…
Pound Tumbles Towards Yearly Low Over UK Political Crisis
Numerous media outlets reported a resignation timetable for UK Prime Minister Sir Keir Starmer to avert an unceremonious ousting following a startling landslide victory for Labour and intra-party rival Andy Burnham in a recent by-election in Greater Manchester. The British pound Sterling is currently trading toward its lowest point of the year as political instability…
AGM: Excitement As XJAYS International Marks One Year of Transformational Leadership In Port-Harcourt
“Our major target for this dispensation is to make XJAYS International financially independent,” he stated. . The AGM featured a detailed presentation of key investments undertaken by the association. These include the acquisition of XJAYS House in Abuja, a three-bedroom bungalow located at Army Scheme II, Kurudu, on a 500-square-metre plot of land. . The…
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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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