Business
Tesla Recalls 375,000 Cars After Dangerous Power Steering Issue
Tesla, the electric car giant founded by billionaire Elon Musk, is facing a new crisis after the recall of more than 375,000 vehicles due...
Business
Global Banking Scandal: Four Major Banks Face $132M Penalty for Market Manipulation
In a major development within the global banking community, four international banks, including Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada (RBC),...
News
NDIC Auctions Heritage Bank’s Assets, Moves to Repay Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has successfully auctioned off the assets of the defunct Heritage Bank, a move aimed at reimbursing depositors with...
News
US Tariff Plans May Lead to Higher Vehicle Prices in Nigeria
Nigerian vehicle importers are expected to face increased costs following a new tariff proposal by former US President Donald Trump. The proposed 25% tariff...
Business
Road Disasters: FG Bans 60,000-Litre Petrol Tankers from March 1
In a decisive move to enhance road safety and reduce tanker-related accidents, the Federal Government has announced a ban on 60,000-litre petroleum tankers from...
Business
CBN Orders Banks to Publish Dormant Accounts, Unclaimed
The Central Bank of Nigeria (CBN) has set in motion a sweeping financial transparency initiative aimed at bringing dormant bank accounts and unclaimed balances...
Business
Cross River to Reclaim 76 Oil Wells from Akwa Ibom
The battle over the ownership of 76 lucrative oil wells between Cross River and Akwa Ibom states has taken a dramatic turn. In a...
Business
Brazil Joins OPEC+, Move Describes As Game Changer
In a move that is sure to shake up the global oil market, Brazil has officially joined the Organization of the Petroleum Exporting Countries...