Petrol imports in Nigeria surged by 105.3% in 2024, reaching ₦15.42 trillion, up from ₦7.51 trillion…
Category: Business
Microsoft Announces $298 Million AI Investment in South Africa
Tech giant Microsoft will invest $298 million in artificial intelligence (AI) and data center infrastructure in…
Trump Signs Executive Order Creating ‘Strategic Bitcoin Reserve
U.S. President Donald Trump signed an executive order Thursday creating a Strategic Bitcoin Reserve, marking a…
Alibaba Unveils QwQ-32B, a New Rival to DeepSeek
Alibaba’s shares soared more than seven percent in Hong Kong trading on Thursday after the Chinese…
Nigeria’s Eurobond Market Closes February on a Positive Note
Nigeria’s Eurobond market ended February in positive territory, reflecting continued foreign investor confidence. According to data…
Disney to Cut Nearly 6% of Workforce
The Walt Disney Company is set to lay off approximately 200 employees—around 6% of the combined…
Mercy Chinwo Sues VeryDarkMan for N1.1bn Over Defamation Claims
Gospel singer Mercy Chinwo has filed a lawsuit against social media activist Martins Vincent Otse, popularly…
Tesla Sales Drop in Germany After Musk’s Far-Right Endorsement
Tesla’s sales in Germany continued to decline in February, with registrations dropping over 76% year-on-year to…
Naira Falls to ₦1,510/$1 in Parallel Market
The Naira weakened to ₦1,510/$1 in the parallel market on Monday, down from ₦1,505/$1 last weekend.…
NNPCL Cuts Petrol Price Amid Intensifying Competition with Dangote
The battle for market dominance between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL)…