Washington, D.C. – United States President-elect Donald Trump has warned BRICS nations against plans to replace the U.S. dollar in global trade, threatening 100% tariffs on their exports to the United States. Writing on Truth Social, Trump demanded a commitment from the group—comprising Brazil, Russia, India, China, and South Africa—that they would not pursue a…
Calabar, Nigeria – The Accountant General of Cross River State Dr Glory Tony Effiong, the Special Adviser to Governor Bassey Otu on Project/Programmes, Monitoring and Evaluation (DPPME) Mr Raphael Morphy, the Managing Director of Cross River Tourism Bureau Mr Ojoi Ekpenyong, as well as the Special Adviser to the Governor on Security Operations Mr Austin…
Calabar, Nigeria – Most parts of the capital of Cross River State, Calabar, have been without electricity for about three weeks now since the heavy downpour that destroyed some properties in the city. The power outage has led to the downturn of economic activities in the first capital of Nigeria. Notable areas affected by this…
Abuja, Nigeria – The National Bureau of Statistics (NBS) has reported a 3.46% year-on-year growth in Nigeria’s Gross Domestic Product (GDP) for the third quarter of 2024, marking an improvement from the 2.54% recorded in Q3 2023 and the 3.19% achieved in Q2 2024. The growth was primarily driven by the Services sector, which expanded…
Lagos, Nigeria – Investors in the Nigerian Equities Market faced a loss of N142 billion on Thursday following a decline in the share prices of companies such as WAPIC, UPL, and Sovereign Trust Insurance, among others. At the close of trading, the equity capitalization dropped from N59.5 trillion on Wednesday to N59.3 trillion, while the…
As we near the close of the week, let’s look at the trending stories from Amazon, Apple, YouTube, as Bitcoin blasts toward $90K and Telegram Pavel Durov offers free IVF for future heirs and more. Stocks hit the brakes on Tuesday, stepping back from their postelection rally. The Dow shed 382.15 points (0.86%), settling at…
Berlin, Germany – German auto giant Volkswagen has officially launched a joint venture with US electric vehicle manufacturer Rivian, committing to a $5.8 billion investment, $800 million more than previously planned, to accelerate its electric vehicle transition. The partnership is expected to produce its first models based on Rivian’s advanced electric car technology from 2027,…
Lagos, Nigeria – The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Ikeja and Eko electricity distribution companies (IKEDC and EKEDC) regarding their planned replacement of Unistar meters. The commission cautioned that any attempt to proceed in defiance of FCCPC’s order will attract severe penalties, underscoring its commitment to protecting…
Abuja, Nigeria – Nigeria is pursuing a $5 billion trade facility from Saudi Arabia as part of its economic reform agenda, following discussions between President Bola Tinubu and Saudi Crown Prince Mohammed bin Salman in Riyadh during the joint Arab-Islamic Summit. The Presidency announced this potential deal, though specific terms and allocations are still under…
Calabar, Cross River State – The Port Harcourt Electricity Distribution Plc (PHED) has attributed the power outage in Calabar, Cross River State capital, to a heavy wind storm. Converseer reports that there was torrential rain with heavy wind and thunderstorms on Saturday night and Sunday morning that wreaked havoc in Calabar, destroying properties worth millions…
