Category: Business
Niger Govt, NNPC Seal Gas Master Plan Deal To Boost Industrialisation
Bago said his administration would leverage the opportunities created by the project to create jobs, expand the state’s productive capacity and attract more investment. The Secretary to the Niger State Government, Abubakar Usman, and the Commissioner for Justice, Mu’azu Nasir, signed on behalf of the state government. The Niger State Government has signed a Memorandum…
Global Stocks Rebound As Tech Sector Sparks Market Rally
After four weeks of heavy losses driven by concerns over massive investments in artificial intelligence, investors returned to the market, encouraged by a string of stronger-than-expected corporate earnings. A man stands near an electronic screen showing South Korea’s benchmark stock index (KOSPI) outside a foreign exchange dealing room at the Hana Bank headquarters in Seoul…
Samsung Quarterly Operating Profit Soars 1,800% as AI Boom Fuels Revenue Growth
Samsung reported revenue of 171.5 trillion won, marking a 130% increase from a year earlier, driven by strong demand linked to the artificial intelligence boom. A Samsung flag flutters outside the company’s Seocho building in Seoul on October 8, 2024. South Korean conglomerate Samsung unveiled on November 16, 2025 a plan to invest $310 billion…
Electric Vehicle Sales Surge as Middle East Conflict Sends Oil Prices Soaring — IEA
The International Energy Agency says rising oil prices, triggered by the Middle East conflict and disruptions to crude shipments through the Strait of Hormuz, have accelerated global demand for electric vehicles. Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday.…
BMW Profit Slumps as Weak China Demand Drives Planned Workforce Cuts
BMW is preparing to offer severance packages to nearly half of its German workforce, aiming to reduce about 8,000 jobs by the end of 2027 as declining demand in China weighs on profits. This photo taken on July 16, 2026 in Munich, southern Germany, shows the company’s logo atop the so-called BMW tower, the global…
Okonjo-Iweala Urges AI, Clean Energy Investment To Withstand Economic Shocks
Analysts say Africa holds some of the world’s largest reserves of these minerals, yet continues to capture only a fraction of their economic value because most are exported without significant local processing. A file photo of former Minister of Finance, Dr Ngozi Okono-Iweala. Africa must move urgently to position itself at the centre of the…
Niger Secures $150m IsDB Loan For Solar Power Project
Chairman of the New Niger Development Project (NNDP), Abubakar Mustapha, said the solar project will be sited in Maikunkele, with the Niger State Government providing the remaining $10 million as counterpart funding. Niger_State in in North-Central Nigeria The Niger State Government has secured a $150 million loan from the Islamic Development Bank (IsDB) to finance…
Africa’s Top Policymakers Meet In Abuja To Tackle Global Economic Uncertainty
The event, themed “Building Resilience Amidst Geoeconomic Uncertainties,” brings together policymakers and finance experts to share perspectives on addressing volatility in global and domestic markets. A combo image of Cardoso and Okonjo-Iweala The seventh meeting of the African Emerging Markets Forum is ongoing at the Central Bank headquarters in Abuja. The meeting is attended by…
Tinubu Approves ₦46bn For Reconstruction Of Kano Airport Runway
Festus Keyamo, while outlining ongoing presidential interventions, said the project is expected to significantly boost operational efficiency and position Kano among the world’s leading international airports. FILE: President Bola Tinubu at the National Assembly. President Bola Tinubu has approved ₦46 billion for the resurfacing and reconstruction of Kano Airport’s second runway. The Minister of Aviation…
BMW To Cut 8,000 Jobs By End 2027Around 40,000 of BMW’s roughly 85,000 permanent German employees would receive the offers starting in October.
Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told AFP Wednesday. About 40,000 of BMW’s roughly 85,000 permanent German employees would receive the offers from October, the source said, adding that production line workers would…
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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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