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TotalEnergies reports 140.35% surge in full-year profit as revenue surpasses N1 trillion, recommends…
TotalEnergies Marketing Nigeria Plc has published its audited financial report for the period ended 31 December 2024, reporting a pre-tax profit of N42.2 billion. This represents a 140.35% increase compared to the…
Inside Trump’s defiant response to the markets’ tariff meltdown
President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from…
NNPC announces new management team as Ojulari takes over from Kyari
The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd) has officially taken over the reins of the…
WTO Director-General Okonjo-Iweala warns Trump over new tariffs
The Director-General of the World Trade Organization, WTO, Dr Ngozi Okonjo-Iweala, has stated that the organisation is “monitoring and analysing” the tariffs announced by US President Donald Trump on 2 April. In a…
Tinubu appoints Ayo Sotinrin as MD of Bank of Agriculture
President Bola Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.Mr. Sotinrin brings a diverse…
FCMB Group Reports N111.9 billion in Profit Before Tax for 2024
FCMB Group Plc (NGX: FCMB) has announced its audited financial results for the full year ended December 31, 2024, reporting a profit…
Bitcoin drops to $82,000 after Trump’s tariff announcement
Bitcoin experienced sharp fluctuations following President Donald Trump’s April 2 tariff announcement, initially surging to $88,000 before dropping to $82,000. By April 3, it stabilized around $83,000, with the broader…
China to impose additional 34% tariffs on US goods from April 10
China said on Friday it would slap 34 percent tariffs on all imports of US goods from April 10 after Washington imposed steep new levies on Chinese products. “For all imported goods originating from the US, an…
Brent Crude down by $10 a Barrel, Worst day since 2022
Brent Oil Futures dropped approximately $10 a barrel since Thursday. The implementation of new tariffs and a surprise OPEC+ supply increase have negatively impacted the market. Oil prices sank dramatically as…
Dollar, US stock markets tumble after Trump’s tariffs announcement
American stock markets, on Thursday, tumbled significantly as investors react to President Donald Trump’s sweeping tariffs announcement. According to Reuters, the S&P 500, the stock market index tracking the…
Rivers foreign scholars allege community’s neglect by Oando
Some natives of Omoku in the Ogba/Egbema/Ndoni Local Government Area of Rivers State, who are currently studying abroad, have called on President Bola Tinubu to intervene in the alleged neglect of their community by…
Tariff dispute: Macron calls for suspension of French investment in US
French President Emmanuel Macron on Thursday urged a halt to new investments in the United States until the clarity surrounding President Donald Trump’s new tariffs is provided, AFP reported. The call came after the…
Canada retaliates with 25% tariff on some US auto imports
Canada said it would impose a 25 per cent tariff on some autos imported from the United States, retaliating against President Donald Trump’s levies that came into effect on Thursday. Prime Minister Mark Carney…
AMAC asks business owner to pay N200k for ’emission levy’
The Abuja Municipal Area Council (AMAC) has asked an entrepreneur to pay N200,000 for “gaseous emission”. The notice said the demand was in line with the…
‘We’ve No Reason To Steal Your Data’ – MTN Replies Customers
The Chief Executive Officer of MTN Ghana, Stephen Blewett, has dismissed accusations that the telecom operator steals customer data, a…
Trump tariffs imposed on uninhabited islands where just penguins live
Donald Trump has been mocked by his critics after his sweeping global tariffs even included islands where no one lives. The Trump administration’s list of places to be hit by the tough “reciprocal” measures include…
CBN denies introducing N5,000, N10,000 banknotes
The Central Bank of Nigeria dismissed a report claiming it had introduced N5,000 and N10,000 banknotes to facilitate cash transactions as false. In a statement posted on its official X handle on Wednesday, the…
US Senate passes bill to stop Trump’s tariffs on Canada
The US Senate on Wednesday passed a bill aimed at terminating new tariffs on Canada, a few hours after President Donald Trump unveiled a raft of duties on foreign goods against countries spanning the globe. The Senate…
EU mulls countermeasures to new US tariffs
European Commission President, Ursula von der Leyen has described US President Donald Trump’s universal tariffs as a major blow to the world economy. This was as she said the European Union was prepared to respond with…
Experts Laud AMCON As Arik Airlifts 2.2m Passengers In 2024
Arik Air in 2024 airlifted 2,239,176 passengers between January 1, 2024 and December 31, 2024, a report sourced from the Nigeria Civil Aviation Authority (NCAA) has confirmed. This is as experts have commended…
NNPC increases petrol price to N950 per litre in Abuja, N925/litre in Lagos
The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit, also known…
Trump slams 14% tariff on imports from Nigeria in a global blitz
On Wednesday evening, United States President Donald Trump announced sweeping global tariffs on all imports into the country,…
Amazon submits last-minute bid for TikTok – Report
Amazon has made a last-minute bid to buy TikTok, which faces a US ban if not sold by its Chinese owner, the New York Times reported on Wednesday. The offer arrived in a letter to officials involved in talks…
Sterling Bank scraps transfer charges, challenges industry norms
Sterling Bank has taken a bold step in Nigerian banking by abolishing transfer fees on all local digital transactions, making it the first major bank to do so. The announcement, made on 1 April, was initially met…