Category: Business
Dangote To Build Nigeria’s Biggest Industrial Zone In Ondo
According to him, the initiative was designed to address Nigeria’s long-standing power deficit, which he described as the country’s biggest industrial constraint for over 30 years. Updated June 16, 2026 President of Dangote Group, Aliko Dangote, has reaffirmed plans to develop a large-scale industrial and free trade zone at Olokola in Ondo State, describing it…
Nigeria Must Lead AI Revolution, Not Merely Consume It — Galaxy Backbone
Established in 2006, Galaxy Backbone was created by the Federal Government to provide a shared digital infrastructure platform for government institutions. With the continuous rise of artificial intelligence and other emerging technologies that are reshaping economies around the world, Nigeria must position itself as a leader in digital innovation rather than a consumer of technologies…
Most Stocks Rise, Oil Flat Following Peace Deal-Fuelled Rally
Eyes are now on developments ahead of Friday’s signing ceremony in Switzerland, which will bring an end to more than three months of a war that has sent shockwaves through energy markets and sent global inflation soaring. Updated June 16, 2026 Equities mostly rose Tuesday, and oil prices held losses following the previous day’s euphoric…
Bank Of Japan Hikes Rate To 31-Year High
The widely expected decision followed rate rises by the European Central Bank and in Indonesia last week, after the conflict caused economic havoc and rising prices worldwide. Updated June 16, 2026 The Japanese flag flies over the Bank of Japan (BoJ) headquarters complex in central Tokyo on January 23, 2025. The Bank of Japan is…
NCR Appoints Oluwatoyin Saraki As Non-Executive Director
The development, the company noted, will strengthen the company’s board as it builds on its recent financial recovery and growth momentum. Oluwatoyin Saraki NCR Nigeria Plc has announced the appointment of Oluwatoyin Saraki as a Non-Executive Director, according to a statement signed by the Company Secretary, Bernice Anya. Saraki’s appointment, subject to ratification by shareholders…
Business
3h | OpeOluwani Akintayo Dangote Group Deepens AFC Partnership With Over $600m Fertiliser Production Expansion Deal The Dangote Fertlizer Holding Company will part-finance the expansion of its urea fertiliser production capacity in Nigeria and the development of the plant in Ethiopia.
Crude Prices Plunge, Stocks Surge On US-Iran Peace Deal
Iran’s Deputy Foreign Minister Kazem Gharibabadi then said on television that the deal put an “immediate end” to the war and that talks on a “final agreement” will be held within two months. Crude oil…photo by RadioNow Oil prices tumbled, and stocks soared Monday after the United States and Iran said they had reached a…
EU Orders Meta To Open WhatsApp To Rival AI Chatbots For Free
The measure follows the launch in December of an EU investigation into the US firm’s policy of blocking access for AI providers other than Meta AI. This illustration photograph taken on December 1, 2025, shows the logo of US instant messaging software Whatsapp displayed on a smartphone’s screen, in Frankfurt am Main, western Germany. The…
Oil And Gas Field Readiness: NCDMB, Chevron, Bristow Begin Pilot Training
A statement by NCDMB’s GM Corporate Communications Division, Obinna Ezeobi, on Saturday, noted that the training will provide 10 Nigerians with world-class aviation training, positioning them for careers in one of the specialised and critical sectors supporting offshore oil and gas operations. Oil and Gas Field Readiness: NCDMB, Chevron, Bristow Begin Pilot Training Determined to…
SpaceX has first dual opening bell ceremony in Nasdaq history
Bret Johnsen (C), SpaceX Chief Financial Officer, and Gwynne Shotwell (center R), SpaceX President and Chief Operating Officer, celebrate as they ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering (IPO) in New York on Friday. Timothy A. Clary/AFP/Getty Images 16 min agoSpaceX’s IPO reportedly attracted $350…
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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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