Business

MAN calls for legal backing of ‘Nigeria First’

  • 30th May 2025
Tinubu orders NNPC to sell Crude to Dangote in Naira

Tinubu unveils credit guarantee company with ₦100b, names

  • 29th May 2025
Toyota’s global production declines for 10th consecutive month

Toyota breaks sales records again amid US tariffs

  • 29th May 2025

FG plans 7,000 digital hospitals for rural areas

  • 28th May 2025

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Xiaomi unveils new electric SUV to challenge Tesla Model Y

Xiaomi unveils new electric SUV to challenge Tesla Model

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US drops lawsuit against Binance

US drops lawsuit against Binance

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Private sector laments loan repayment as interest rate hits 26.26%

Cardoso clinches Central Bank Governor of the Year award

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Private sector credit hits ₦77.9tn in April 2025

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Xiaomi unveils new electric SUV to challenge Tesla Model Y
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Xiaomi unveils new electric SUV to challenge Tesla Model Y

Chinese tech giant Xiaomi took another bold step into the electric vehicle market on Thursday with the launch of its new SUV, the YU7, at 13 showrooms across Beijing. The unveiling marks Xiaomi’s continued push to compete with Tesla in the world’s largest car market. The YU7 follows the success of Xiaomi’s debut sedan, the […]

US drops lawsuit against Binance
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US drops lawsuit against Binance

The United States Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, in a move seen as part of a broader shift in regulatory strategy under President Donald Trump’s renewed leadership. A joint stipulation of dismissal, signed by attorneys for the SEC, Binance, and Binance founder […]

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Private sector credit hits ₦77.9tn in April 2025

Credit to Nigeria’s private sector climbed to ₦77.9 trillion in April 2025, up from ₦76.2 trillion in March, according to the latest figures from the Central Bank of Nigeria. The April total also surpassed the ₦77.38 trillion recorded in January and ₦76.26 trillion in February, highlighting a consistent upward trend in private sector lending over […]

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Tinubu signs order to cut costs, boost Nigeria’s oil investment

President Bola Tinubu has signed an Executive Order designed to reduce costs in oil and gas projects, enhance government revenue, and speed up investment inflows into Nigeria’s energy sector. According to a statement released Thursday by the Office of the Special Adviser to the President on Energy, the order implements comprehensive fiscal reforms that emphasize […]

Business

MAN calls for legal backing of ‘Nigeria First’ policy

The Manufacturers Association of Nigeria has urged the Federal Government to enact the Nigeria First Policy into law to strengthen the manufacturing sector. In his keynote address at the 2025 BusinessDay Manufacturing Conference in Lagos on Thursday, MAN Director-General Segun Ajayi-Kadir emphasized that formalizing the procurement policy through legislation would ensure its consistent implementation across […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
Business

Tinubu unveils credit guarantee company with ₦100b, names board

President Bola Ahmed Tinubu has officially established the National Credit Guarantee Company Limited, a pivotal initiative aimed at enhancing access to credit for individuals and businesses across Nigeria. This development was confirmed in a statement released by the Presidency on Thursday. As part of the launch of the National Credit Guarantee Company Limited (NCGC), President […]

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Mauritania’s Tah to replace Nigeria’s Adesina as AfDB president

Mauritania’s Sidi Ould Tah has been elected as the ninth president of the African Development Bank Group. His election was officially announced on Thursday via the AfDB’s website. The announcement was made by Niale Kaba, Côte d’Ivoire’s Minister of Planning and Development and Chairman of the AfDB’s Board of Governors. Tah secured the presidency with […]

Oil and Gas

TotalEnergies sells Bonga oil field stake to Shell

TotalEnergies has announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML 118 Production Sharing Contract. In a statement released on Thursday, the company disclosed that the transaction is valued at $510 million. […]

Trump signs executive order establishing US Bitcoin reserve
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US to intensify visa revocations for Chinese students

The United States will intensify efforts to revoke visas of Chinese students, particularly those with ties to the Chinese Communist Party or enrolled in critical academic fields, Secretary of State Marco Rubio announced Wednesday. The policy shift marks a significant escalation in the Trump administration’s ongoing campaign targeting U.S. universities and international students. Rubio stated […]

Toyota’s global production declines for 10th consecutive month
Business

Toyota breaks sales records again amid US tariffs fear 

Toyota Motor Corp. reported record-breaking global sales for the second consecutive month, driven by robust demand in the United States and Japan, as buyers rushed to purchase vehicles ahead of U.S. President Donald Trump’s import tariffs. The automaker’s global sales, including subsidiaries Daihatsu Motor and Hino Motors, surged 12% year-over-year to 936,718 units in April, […]

DeepSeek focuses on research over profits amid US tensions
Tech

Chinese DeepSeek rolls out improved R1 AI reasoning model 

DeepSeek, the Chinese AI startup that rattled global markets earlier this year, has discreetly rolled out an upgraded version of its R1 reasoning model, according to a listing on the AI model repository Hugging Face. The company, which made waves with its cost-efficient, open-source R1 model that outshone offerings from Meta and OpenAI, continues to […]

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