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Monday, March 31, 2025

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Manny Akpan | Business & Economy Editor

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China’s Richest Tycoon Zhong Shanshan Blasts E-Commerce Price Wars

BEIJING, China – Zhong Shanshan, China’s wealthiest businessman and founder of Nongfu Spring, a leading beverage company, has launched a rare and pointed critique of...

Adani Group Loses $20 Billion in Market Value Amid US Corruption Charges

MUMBAI, India - Gautam Adani’s corporate empire suffered a devastating blow this week, with over $20 billion in market value wiped out after US...

Bitcoin Breaks Records Again Amid Political Tailwinds: Is Now the Time to Invest?

NEW YORK, USA - Bitcoin, the world’s first and most recognised cryptocurrency, has shattered records in 2024, driven by groundbreaking regulatory developments and a...

Low-Cost Spirit Airlines Files for Chapter 11 Bankruptcy

DANIA BEACH, USA – Spirit Airlines announced on Monday, November 18, 2024, that it has filed for Chapter 11 bankruptcy protection following years of...

Trump Media Shares Plunges 20% Post-Election Rally Amid Mounting Losses

NEW YORK, USA — The stock of Trump Media & Technology Group, TMTG, President-elect Donald Trump’s media company, dropped by more than 20% on...

Fuel Scarcity Looms as Labour Unions Threaten Nationwide Strike in Nigeria

ABUJA, Nigeria – Nigeria is on the brink of another wave of fuel scarcity as the Nigeria Labour Congress, NLC, has vowed to support...

Nigeria’s Power Minister Directs Urgent Reforms to Address Frequent Grid Failures

ABUJA, Nigeria – Nigeria’s Power Minister, Adebayo Adelabu, has issued a directive mandating immediate action to stabilise the country’s national grid amid repeated failures...

US Stock Markets Surge After Trump Election Victory, Dow Soars Over 1,300 Points

NEW YORK, USA - U.S. stock markets surged Wednesday, November 6, 2024, morning following former President Donald Trump’s return to the White House in...

Dangote Group to Withdraw ₦100 Billion Lawsuit Against Petroleum Regulatory Authority

LAGOS, Nigeria — Dangote Group has announced that it will withdraw its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority,...

Nigerian Banks Lost N42.6 Billion to Fraud in Q2 2024, Says AMMBAN

BENIN CITY, Nigeria — Nigerian banks lost a staggering N42.6 billion to fraud in the second quarter of 2024, according to the Association of...

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