South Korea’s Q1 Slump Signals Trade War Fallout
In a sobering blow to Asia’s economic powerhouse, South Korea’s economy contracted by 0.2% in the first quarter of 2025, as escalating global trade tensions battered its export-driven growth, the
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Stunning Financial Triumph: Unilever Nigeria Posts N15.1bn Profit in 2024
Unilever Nigeria Plc has achieved a remarkable financial milestone, reporting a net profit of N15.1 billion for the 2024 financial year, a robust 79% increase from the N8.4 billion recorded
Bullish Run! NGX Skyrockets with N318bn Gain Post-Easter
The Nigerian Exchange (NGX) recorded an extraordinary N318 billion gain in market capitalization in the trading week following the Easter break, concluding on April 22, 2025, signaling a robust recovery
Tesla Profits Crash 71% Amid Political Backlash
Tesla, the electric vehicle giant, reported a devastating 71% plunge in profits for Q1 2025, with net income dropping to $409 million from $1.39 billion the previous year, as announced
Customs Service Rakes in ₦1.75tn in Q1 2025
In a stunning economic achievement, Nigeria’s Customs Service announced on April 22, 2025, that it generated an unprecedented ₦1.75 trillion in revenue during the first quarter of 2025, surpassing expectations
Bitcoin Rockets to $88,000: Nigeria Joins 2025 Crypto Surge
Bitcoin surged to $88,000 on April 20, 2025, marking a 15% weekly gain and 110% annual rise, driven by US policy shifts and institutional investment, per Reuters. Contrary to Channels
Nigeria’s Mining Fees Hit ₦6.9B in 2025: Alake’s $10B Vision
Nigeria’s Federal Government collected ₦6.9 billion in mining fees and royalties in Q1 2025, a 25% increase from ₦5.5 billion in Q1 2024, driven by digital licensing and enforcement, Solid
Edun’s Mission: Nigeria Targets $1.5B at 2025 IMF Spring Meetings
Finance Minister Wale Edun will lead Nigeria’s delegation to the IMF/World Bank Spring Meetings in Washington, DC, from April 28-30, 2025, aiming to secure $1.5 billion in loans to address
Ford Halts China Exports as US-China Tariff War Hits Hard
Ford Motor Company halted all vehicle exports to China on April 17, 2025, in response to escalating US-China trade tensions, driven by President Donald Trump’s 125% tariffs on Chinese imports
Volvo Slashes 800 US Jobs as Trump’s Tariffs Cripple Auto Industry
Volvo Cars announced on April 18, 2025, plans to cut up to 800 jobs at its US manufacturing facility in Ridgeville, South Carolina, citing the severe financial strain caused by
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