Business & Economy Desk
Business
Rupiah Plummets to Record Low Amid Escalating Energy Crisis
Indonesia's rupiah plunges to a staggering 18,028 against the US dollar, igniting economic fears. The relentless energy shock from the Iran war fuels…
AGRICULTURE
India Turns to Nigeria for Soybeans Amid Soaring Domestic Prices
India's soaring soybean prices have forced traders to import from Nigeria, creating immense export opportunities for African farmers.
Banking
World Bank Withdraws $717 Million Loan Amid Power Sector Crisis in Nigeria
Nigeria's $717 million World Bank loan cancellation reveals deeper financial turmoil in the power sector. Analysts warn of worsening tariff shortfalls…
Business
BP Fires Chairman Amid Alarming Governance Failures and Shareholder Outcry
In a shocking move, BP ousted chairman Albert Manifold just months into his tenure, citing severe governance issues. The sudden decision sent shares p…
Oil & Gas
Dangote Refinery Dispute: A Crucial Battle for Nigeria's Economic Survival
The conflict surrounding Dangote Refinery transcends business; it symbolizes Nigeria's economic future. This dispute could reshape the nation's financ…
Investment
SpaceX's Historic IPO Set to Revolutionize Wall Street and Propel Elon Musk's Wealth
Elon Musk's SpaceX gears up for a record-breaking IPO, promising unprecedented investment opportunities. Analysts predict it could make Musk the first…
Business
Eterna Plc Welcomes Dr. Jude Nwaulune as New MD/CEO Amid Strategic Transformation
Eterna Plc has appointed Dr. Jude Nwaulune as its new MD/CEO, effective May 14, 2026, following Olumide Adeosun's resignation. This pivotal leadership…
Economy
Kevin Warsh Takes Charge as New US Fed Chair Amid Inflation Crisis
Kevin Warsh is officially the new chair of the US Federal Reserve, stepping in during a turbulent economic landscape characterized by rising inflation…
Business
Nigerians Embrace Monica Cash for Swift Bitcoin to Naira Withdrawals Amid Rising Demand
As demand for quick crypto withdrawals surges, Nigerians are turning to Monica Cash for seamless transactions. The platform’s rapid growth highlights…
Investment
Airtel Africa Unveils $60 Million Share Buyback to Reward Investors
In a bold move, Airtel Africa launches a $60 million share repurchase program to boost shareholder value. This strategic initiative promises significa…
Companies
Court Forces eNaira Ltd to Rebrand, Slaps N10 Million Fine for Trademark Violation
In a groundbreaking ruling, a Nigerian court orders eNaira Ltd to change its name and imposes a hefty N10 million fine for trademark infringement. Thi…
Economy
BUA Announces Significant Drop in Cement Prices Coming Soon
Nigerians can expect a major relief as BUA reveals plans for a cement price drop, promising affordable construction soon. This announcement could resh…
