By Frank Ulom CALABAR (CONVERSEER) – Cross River State has been ranked as the fifth most indebted state in terms of foreign loans in Nigeria, only behind Lagos, Ogun, Kaduna, and Edo. The data was made available by the Debt Management Office (DMO), according to The Guardian. According to the DMO data, the state also…
By Our Reporter LAGOS (CONVERSEER) – The Lagos operations of Africa Independent Television (AIT), one of Nigeria’s foremost private broadcast stations, have been shut down following severe operational and financial constraints, Radio Reporter NG has learnt. According to insiders, the management of Daar Communications Plc — owners of AIT, RayPower FM, and Faaji FM —…
By Christian Njoku CALABAR (NAN, CONVERSEER) – The Standard Organisation of Nigeria (SON) has moved to ensure quality compliance for products produced by investors in the Calabar Free Trade Zone (CFTZ). This was the case when a team from SON commenced sensitisation of operators within the CFTZ on its new Special Economic Zone Conformity Assessment…
BERLIN (DPA, CONVERSEER) – Seventeen out of the European Union’s 27 member countries exceeded the bloc’s self-imposed limits for budget deficits and public debt last year, according to data published on Tuesday by the EU’s statistics office Eurostat. Twelve countries had a deficit of at least 3% of their total economic output, breaking the bloc’s…
BERLIN (DPA, CONVERSEER) – The new head of Deutsche Bahn (DB) plans to completely restructure the company and significantly improve the quality of the state-run rail operator. “We are turning the company upside down: I am aiming for a complete fresh start,” Evelyn Palla told the Sunday newspaper Bild am Sonntag. “For this, we need…
BERLIN (DPA, CONVERSEER) – Beer in Germany could soon become more expensive, with a majority of major brewers hiking their prices, an analysis has found. Six of the 10 most consumed beer brands in Germany are currently, or will be, affected by price increases, analysis by trade magazine Inside has found. Many small breweries have…
By Julian Weber, dpa STUTTGART (DPA, CONVERSEER) – Oliver Blume is to step down as chief executive of German sports carmaker Porsche, the Stuttgart-based company said on Friday. Blume also serves as chief executive of Porsche’s parent company, the Volkswagen Group, a dual position that has attracted significant criticism amid years of struggles for the…
By Frank Ulom NEW YORK (CONVERSEER) – Apple has retained its position as the world’s most valuable brand for the 13th consecutive year, according to Interbrand’s 2025 Best Global Brands report released on Tuesday. Despite topping the chart with a brand value of US$470.9 billion, Apple’s value declined by 4% compared to last year. The…
By Frank Ulom NEW YORK (CONVERSEER) – Nvidia Corporation has set a new milestone, with its stock price reaching an all-time high of $193 and its market capitalisation climbing to $4.7 trillion, driven by surging demand for artificial intelligence (AI) technologies and gaming. On Thursday, 9 October, the chipmaker’s shares rose by more than 2.5%…
By Christian Njoku CALABAR (CONVERSEER) – Mr Richard Inoyo, a Human Rights Activist, has called on Nigerians not to vilify the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG). Inoyo, who was reacting to the recently resolved impasse between the unions and…
