Trump signs executive order to establish US Sovereign Wealth Fund
United States President Donald Trump signed an executive order directing the creation of a sovereign wealth fund within the next year, suggesting…
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Salesforce announces over 1,000 job cuts amid AI expansion
Salesforce is cutting more than 1,000 jobs while simultaneously hiring employees to support its artificial intelligence initiatives, Bloomberg News reported. Displaced employees…
Banks reported higher loan defaults in Q4 2024 – CBN
The Central Bank of Nigeria revealed that lenders, including commercial banks and other financial institutions, experienced increased default rates on secured, unsecured,…
Nigeria needs annual $20bn gas investment to boost production – NEITI
The Nigeria Extractive Industries Transparency Initiative announced on Monday that Nigeria, ranked as the ninth largest gas producer globally and the top…
China probes Google, blacklists two US firms amid trade tensions
China has launched an anti-monopoly probe into Google’s parent company, Alphabet Inc., and added two US companies—PVH Corp and Illumina—to its “unreliable…
Petrol price falls to N925 per litre at private depots
The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday, reflecting a N27 decrease from…
Banks settle N160bn USSD debt to avoid service disconnection
Nigeria’s telecom operators have maintained Unstructured Supplementary Service Data services active as banks make significant strides in repaying their outstanding debts, averting…
Nigeria, Uganda boost trade ties under AfCFTA
Nigeria and Uganda have strengthened their trade relations with the appointment of Ani Bassey-Eyo as Uganda’s Trade Representative to Nigeria. This move…
Oil prices drop as Trump delays tariffs on Mexico, Canada
United States West Texas Intermediate crude prices dropped by 1.1%, or $0.81, to $72.35 per barrel late Monday. The decline came after…
Apple knocks EU laws as first porn app arrives
Apple Inc. criticized the EU’s Digital Markets Act following the arrival of the first known adult content app on iPhones in the…
Samsung chief cleared of fraud in 2015 merger case
A South Korean court on Monday upheld the acquittal of Samsung Electronics Executive Chairman Jay Y. Lee in a high-profile case involving…
FCMB raises ₦147.5bn in oversubscribed public offer
First City Monument Bank Group has announced that it successfully raised ₦147.5 billion through its latest public offer, which was oversubscribed by…