Business
EU Imposes Heavy Tariffs on Chinese Electric Vehicles To ‘Level Competition’
The European Union has imposed tariffs of up to 37.6% on Chinese electric vehicles (EVs) starting July 5. The tariffs range from 17.4%...
India’s X Alternative, Koo, Shuts Down Due to Funding Shortages
Koo, India’s local alternative to X (formerly Twitter), has announced its shutdown, leaving millions of users stranded. Launched in 2020, Koo offered a...
Meta Announces Monetisation For Nigerian, Ghanaian Facebook Creators
Meta Platforms Inc., more commonly known as Meta, has announced that content creators in Nigeria and Ghana can now earn money on Facebook...
EU Accuses Meta of Violating Antitrust Rules Over Ad-Supported Subscription Model
On Monday, the European Commission accused Meta Platforms, Inc., the parent company of Facebook and Instagram, of violating EU antitrust rules with its...
Prominent French Filmmakers Detained Over Sexual Abuse Allegations
French police have detained renowned filmmakers Benoît Jacquot and Jacques Doillon for questioning on Monday over accusations of historical sexual abuse. Both directors,...
Despite Takeover By Local Firm, Poor Sales Force Shoprite To Shut Down Operations In Abuja
Shoprite has announced the closure of one of its business outlets in Abuja, citing economic decline as the reason for the closure. This...
Dangote Refinery Accuses Int’l Oil Companies Of Price Manipulation
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of...
Nvidia Becomes World’s Most Valuable Company Amid AI Boom
Nvidia, a key artificial intelligence (AI) sector player, has become the world’s most valuable company. On Tuesday, its market capitalisation soared to $3.34...
Nigeria’s Oil Field, OML 29 Shuts Down Due To Pipeline Leak
The Nembe Creek oil field in Bayelsa State, which produces about 150,000 barrels of crude oil per day (bpd), has been shut down...
TotalEnergies Announces 20% Drop In Profits Due To Nigeria’s Exchange Rate Woes
TotalEnergies Marketing Nigeria Plc has, on Saturday, reported a 20% increase in profits amid the country’s ongoing economic challenges. In its 46th Annual...
MultiChoice Reduces Prices For DStv, GOtv After Court Order
In response to a court order mandating the reversal of a recent price hike, MultiChoice Nigeria has reduced its subscription rates for DStv...
Chinese Automakers Surpass U.S. Counterparts In Global Sales For First Time
Chinese automakers have outpaced their U.S. rivals in vehicle sales for the first time, driven by solid performances from brands like BYD and...