Category: Business
Africa Must Prioritise Energy-Led Industrialisation Over Raw Material Exports — Lawal
Energy executive Juwon Lawal says Africa can unlock sustainable growth by using reliable power to process its abundant natural resources locally, create jobs and build industries instead of relying on raw commodity exports. African countries must shift their economic focus from the export of raw materials to building an energy-led industrial framework to address persistent…
Samsung Plans Up To $80bn Share Buyback To Boost Investor Returns
Samsung has announced plans to buy back up to $80 billion worth of its shares, following rival SK hynix’s $28.9 billion buyback as both companies seek to reassure investors and strengthen shareholder returns. People walk past a large electronic screen showing the Samsung logo at a train station in Seoul on April 30, 2026. South…
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[JUST IN] Bitcoin Jumps Over 5% For Third Day On US Crypto Policy Hopes
Bitcoin surged more than five percent Friday for the third straight day, boosted by optimism over US cryptocurrency legislation and the US Treasury’s surprise bond-buyback move. Bitcoin extended its rally into a third straight session on Friday, on track for a weekly gain of around 20% as investor optimism flooded back into crypto markets on…
US National Debt Surpasses $40trn For First Time
The United States’ national debt has crossed the $40 trillion mark for the first time, intensifying concerns over the country’s fiscal outlook and putting renewed pressure on President Donald Trump, who campaigned on reducing government spending. Dollars The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday,…
Alaje Says Salary Hikes Alone Cannot Tackle Inflation, Calls For Mass Transit Reforms
Alaje said pay increases may not be enough to protect Nigerians’ purchasing power amid rising living costs, urging authorities to focus on structural measures, particularly reforms in urban mass transportation. FILE: The chief economist at SPM Professionals, Paul Alaje As Nigerians continue to navigate severe economic pressure following fuel subsidy removal and exchange rate unification,…
France Fines Boohoo Over Misleading Discount Claims
French authorities have fined UK fashion retailer Boohoo after an investigation found that some products were advertised with fake or misleading discounts that did not reflect genuine price reductions. (FILES) An illustration with a mobile phone and laptop shows the logo and website of online fashion group Boohoo on August 12, 2021. (Photo by JUSTIN…
PwC Forecasts 4.2% Growth For Nigeria’s Economy In H2 2026
PwC has projected that Nigeria’s economy will expand by 4.2% in the second half of 2026, reflecting expectations of stronger economic activity during the period. Nigeria’s economy is projected to grow by 4.2 per cent in the second half of 2026, supported by higher crude oil production and continued expansion in key sectors, even as…
Shettima, Fubara Commission 33.5km Road Project In Rivers
Vice President Kashim Shettima and Rivers State Governor Siminalayi Fubara have commissioned a 33.5-kilometre road project in the state, with Fubara saying its completion would improve residents’ lives and boost economic activities. The Vice President, Senator Kashim Shettima, has described infrastructure development as a means of creating and distributing opportunities across the country, saying a…
FAAN Says No Blanket Ban On Uber, Bolt At Nigerian Airports
The Federal Airports Authority of Nigeria has clarified that Uber and Bolt operations are not subject to any blanket ban at Nigerian airports, following recent reports and public concerns over e-hailing services. The Federal Airports Authority of Nigeria (FAAN) says it has not imposed a blanket ban on e-hailing services such as Uber and Bolt…
Subsidy Savings: NECA Urges States, Local Govt To Account For N10.4tn Received
The Federal Government had disclosed that the removal of the petrol subsidy generated N15.8 trillion in resources for the Federation between June 2023 and December 2025. The Nigeria Employers’ Consultative Association has called on state and local governments to render full accounts of the N10.4 trillion they received from petrol subsidy savings, following the Federal…
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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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