Business

Bitcoin Surges to $90,000 Mark as Trump Signals Eased Crypto Regulations

Bitcoin reached an unprecedented milestone on Wednesday, surpassing the $90,000 mark for the first time in history, driven by growing investor optimism following President-elect Donald Trump’s support for cryptocurrency. The…

August 14, 2025

Business

Hardship: 65% of Nigerian Households Struggle to Afford Healthy Meals – NBS

As Nigeria grapples with worsening economic challenges, a staggering 65% of households across the country are unable to afford healthy food, a new report by the National Bureau of Statistics…

August 14, 2025

Business

Alleged Sale Of Blended Fuel: CSO Challenges NNPCL Over Port Harcourt Refinery

The civil society organization, Concerned Citizens of Nigeria, expressed concerns on Wednesday over the announcement by the Nigerian National Petroleum Company Limited (NNPCL) that the Port Harcourt Refinery has begun…

August 14, 2025

Business

Clarification: AGF’s Audit report not for the current PAP Administration

The Presidential Amnesty Programme (PAP) has issued a statement clarifying that the Auditor-General of the Federation's audit report, which highlighted alleged infractions in managing funds, does not relate to the…

August 14, 2025

Business

Reps Order CBN to Immediately Address Cash Scarcity

The House of Representatives has ordered the Central Bank of Nigeria to provide solution to the ongoing cash scarcity in commercial banks across the country. According to the lawmakers, the…

August 14, 2025

Business

World Bank Approves $500m for Nigeria’s Rural Roads

The World Bank has approved a $500 million concessional loan to tackle Nigeria's worsening rural road infrastructure. The funding will be directed towards the Rural Access Agricultural Marketing Project-Scale Up…

August 14, 2025

Business

FG Allocates N6.21bn For Salaries Of Moribund Ajaokuta Steel Workers

The Federal Government has allocated N6.21 billion for salaries of workers at the moribund Ajaokuta Steel Company in the proposed 2025 budget. This represents a 44.76% increase from the N4.29…

August 14, 2025

Business

Global Food prices decline by 2.1 percent in 2024 – FAO

World food commodity prices declined by 2.1 percent in 2024 compared to year 2023. The FAO's overall Food Price Index averaged 122.0 points in 2024, a 2.6-point drop from the…

August 14, 2025

Business

Apple Faces £1.5bn Lawsuit in UK Over App Store Charges

Apple is facing a £1.5 billion lawsuit in the UK for allegedly overcharging users on the App Store. The lawsuit claims that Apple's 30% commission on app purchases is a…

August 14, 2025

Business

Petrol Pump Price Surges To N1,150 After Dangote Hike

The pump price of petrol has surged to between N1,050 and N1,150 per litre. The refinery increased its PMS price from N899/litre to N955/litre at its loading gantry. Oil marketers…

August 14, 2025