Category: Business
Oil Prices Sink Further As US, Iran Sign Deal To Reopen Hormuz
The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation. Crude oil…photo by RadioNow Oil prices tumbled again Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to…
US Federal Reserve Holds Rates Steady, Raises Inflation Expectations
The Fed decided to hold rates steady at 3.50 to 3.75 percent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year. WASHINGTON, DC – JUNE 17: Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank…
Why Ex-Depot Fuel Price Reduction Takes Time To Reflect At Filling Stations — PETROAN
It said that local fuel pricing is shaped by multiple factors. File photo of an attendant dispensing fuel at a filling station. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has explained why the recent decrease in the gantry price of fuel by the Dangote Refinery has not trickled down to retail outlets…
FG Dismisses Reports Of New Telecoms, Fuel Taxes
Government said it remained focused on reforms that promote economic growth, improve revenue administration, and create a more competitive environment for investment and job creation. Taiwo Oyedele The Federal Government has dismissed reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the publication of the International…
Oil Extends Fall As Investors Weigh Iran War Deal
Details of the interim peace deal began to emerge on Tuesday, with President Donald Trump saying it would rule out a nuclear weapon for Tehran and a U.S. official saying it would allow Iran to sell oil upon signing. A graphic illustration of barrels of crude oil Oil prices inched lower on Wednesday, extending the…
UK Annual Inflation Stays At 2.8% In May
The Consumer Prices Index level matched April’s reading, the Office for National Statistics said, while an analyst’s consensus forecast had been for an increase to 3.0 per cent. An image of UK Flag Britain’s annual inflation rate was unchanged at 2.8 per cent in May as higher petrol prices caused by the US-Iran war were…
CBN Orders Banks, Fintechs To Disclose Beneficial Owners
The regulatory intervention represents one of the most significant interventions by the CBN in the payments industry in recent times, aiming at restructuring the country’s fast-growing digital payments ecosystem. CBN Office Abuja The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners. The regulatory measures…
VIDEO: Nigeria’s Aircraft Leasing Company To Offer Tax Holidays — Keyamo
Speaking on the sidelines of the inaugural African Air Transport Conference in Lomé, Festus Keyamo said lower travel costs would make air transportation more accessible to millions of Africans. By Bukola Oketunmbi Updated June 16, 2026 Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has called for the removal of barriers hindering air travel…
World Bank Lists Apapa Port, Tincan On Global Top 20 Improved Ports
The performance placed Nigeria among a select group of countries that have made substantial progress in enhancing vessel turnaround times, port efficiency, and cargo handling operations over the past five years. Nigerian Ports…photo by NPA The World Bank has named Nigeria’s Lagos Port in Apapa and Tin Can Island Port among the world’s top 20…
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…
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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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