Latest news on business

US Manufacturing Slips Further Into Contraction In June

Manufacturing activities in the United States further dropped in June, owing to what was attributed to a decline in demand. The Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI), recorded 48.5

Victor Ezeja

4 months ago

Business·Finance & Economy

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Nigeria’s Banking Sector recorded the highest inflow with $2.06 billion, representing 61.24% of total capital imported in the first quarter (Q1) of 2024. According to a report on capital importation in the

Victor Ezeja

4 months ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Oil & Gas

OPEC Predicts High Oil Demand In 2024

OPEC outlined roles for economic growth in 2024, expecting a surge in global oil demand by 2.2 million barrels per day (mb/d) year-on-year (y-o-y).

Emmanuel Ochayi

10 months ago

Business·Latest News·World News

TikTok’s Revenue Rises To $10bn In App Stores – Report

TikTok, the popular short video platform by Bytedance, has had its revenue earnings rise to the $10 billion milestone in consumer spending, marking an unprecedented achievement for a non-game application. Revealed in

Emmanuel Ochayi

11 months ago

Business·Latest News·World News

Air Freight Pilots’ Strike Risks Amazon’s $117B Logistics Revenue

In a move that could disrupt Amazon’s extensive delivery network, pilots from Air Transport International (ATI), a crucial air freight provider for the tech giant, have voted to authorize a potential strike. This

Emmanuel Ochayi

11 months ago

Elon Musk Now Twitter's Biggest Shareholder

Elon Musk Loses $24bn, 9% Of Tesla Stock Yet Remains World’s Richest

Tesla’s stocks plummeted by 9%, causing Elon Musk’s net worth to shrink by $24 billion. Despite this setback, Musk still holds the title of the world’s wealthiest individual, with a net worth

Emmanuel Ochayi

1 year ago

Business·Oil & Gas·World News

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Global crude oil prices have surged following the Hamas attack on Israel, resulting in a tragic loss of over a thousand lives on both sides. This incident follows a previous dip in

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

Fuel: We Adjust Prices According To Market Realities – NNPC Boss

As Nigerians lament further hike in price of Premium Motor Spirit (PMS), the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has attributed it to market

Victor Ezeja

1 year ago

Business·World News

‘Unstoppable’ High Inflation Hinders UK Cost-of-living Fight

Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed on Wednesday, piling pressure on the Bank of England and government

Ifeanyi Ibeand

Admin

1 year ago

Business·Oil & Gas

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

Nigeria’s Ambassador to Burundi, Mr Elijah Onyeagba, has urged the Federal Government to adhere to the provisions of the Petroleum Industry Act (PIA) on deregulation to allow private sector players to come

Victor Ezeja

1 year ago

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US Manufacturing Slips Further Into Contraction In June

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

OPEC Predicts High Oil Demand In 2024

TikTok’s Revenue Rises To $10bn In App Stores – Report

Air Freight Pilots’ Strike Risks Amazon’s $117B Logistics Revenue

Elon Musk Loses $24bn, 9% Of Tesla Stock Yet Remains World’s Richest

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Fuel: We Adjust Prices According To Market Realities – NNPC Boss

‘Unstoppable’ High Inflation Hinders UK Cost-of-living Fight

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

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