Category: Business
FAAN Clears Bolt To Resume Operations At Nigerian Airports, Rejects Taxi Fare Claims
The Federal Airports Authority of Nigeria (FAAN) has approved Bolt’s return to airport operations while denying allegations that it fixed taxi fares, as discussions with other e-hailing platforms continue. File photo. The Federal Airports Authority of Nigeria (FAAN) said ride-hailing platform Bolt has been cleared to resume operations at its airports immediately, after the two…
Oil Prices Fall As Asian Stocks Rise On Fresh Hopes Of Middle East De-escalation
Oil prices extended their decline while Asian stocks edged higher on Wednesday as renewed diplomatic efforts between Iran and Oman eased fears of another military escalation and raised hopes for progress over the Strait of Hormuz. Oil prices extended a decline as Asian stocks edged higher Wednesday on receding concerns about another military flare-up between…
Iran Keeps Hormuz Closed Despite Talks On Temporary Transit Corridor
Iran says the Strait of Hormuz will remain closed despite ongoing talks with Oman on establishing a temporary shipping corridor, as Tehran demands an end to the war and U.S. economic pressure before reopening the vital waterway. This handout photograph taken and released by the Iranian Foreign Ministry on June 16, 2026, shows Iranian Foreign…
India Slaps 15–50% Tariffs On US Goods
India has imposed tariffs ranging from 15% to 50% on a broad range of US products, including fresh and frozen fish, household appliances such as dishwashers and washing machines, and industrial goods like railway construction materials. This combination of pictures created on January 24, 2026 shows, L/R, US President Donald Trump in Davos on January…
Trump Threatens 50% Tariffs on Canadian Autos and Steel
US President Donald Trump has announced plans to raise tariffs on Canadian cars, trucks, automotive parts and steel to 50% from January 1, 2027, escalating trade tensions after Washington and Ottawa failed to reach a deal. U.S. President Donald Trump attends the National Republican Congressional Committee’s annual fundraising dinner at Union Station on March 25,…
Tesla Recalls Nearly 3 Million EVs In China Over Door Handle Safety
Tesla is recalling about 2.98 million vehicles in China after regulators raised concerns that hidden door handles could hinder occupants from escaping or rescuers from opening the doors after a crash or electrical failure. A woman opens the door for a Tesla Model YL electric vehicle as a customer looks inside at a showroom in…
Iran Shrugs Off Trump’s Threat Of Unprecedented Economic Pressure
Iran has dismissed Washington’s warning of an intensified economic campaign, after US President Donald Trump vowed to impose pressure on the country on an “unprecedented scale.” This handout photograph taken and released by the Iranian Foreign Ministry on June 16, 2026, shows Iranian Foreign Minister Abbas Araghchi speaking about the agreement reached with the United…
Oil Prices Fall as Trump Threatens ‘Economic War’ on Iran
Oil prices slipped on Monday as investors awaited fresh US sanctions against Iran, after President Donald Trump threatened an unprecedented economic campaign targeting Tehran and countries that continue trading with it. A graphic illustration of barrels of crude oil Oil prices fell on Monday as investors braced for details of a US plan to isolate…
Insecurity Threatens Investment, But Niger Remains Open for Business — Commissioner
The Niger State Government has acknowledged the impact of insecurity on investment while reaffirming its commitment to creating a business-friendly environment and attracting fresh investments. Niger State Commissioner for Industry, Trade and Investment, Aminu Takuma, during an engagement with heads of agencies under the Ministry of Industry, Trade and Investment at his office in Minna,…
Lebanon Economy Faces 6.4% Contraction as Conflict Derails Recovery
Lebanon’s economy is projected to shrink by 6.4% in 2026 as renewed conflict disrupts tourism, supply chains and domestic demand, reversing a fragile recovery and pushing inflation higher, according to the World Bank. A man holds a banner reading ‘No to freezing depositors’ funds’ during a demonstration by Lebanese depositors who remain unable to withdraw…
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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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