Showing posts with the label BusinessShow all
Anthropic Nears $50B Round at $900B Valuation Before IPO
Anthropic's $50B funding round could value the Claude-maker above $900B, overtaking OpenAI ahead of a highly anticipated IPO. Anthropic is moving quickly t…
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Dangote Refinery Hikes Petrol Price, Suspends Sales
Dangote Refinery has increased its petrol price to N1,275 per litre and halted sales due to operational disruptions. There is fresh anxiety in the fuel sector …
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Air Peace Cuts Abuja-London Flights Over Jet Fuel Crisis
Air Peace slashes Abuja-London flights to three weekly as the Jet A1 fuel crisis bites. Passengers face delays and rescheduling Air Peace has just made a tough…
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Aliko Dangote's Wealth Surges $3.2bn on Refinery Success
Aliko Dangote has seen his wealth rise by $3.21 billion in 2026, cementing his position as Africa’s richest man. Africa’s richest man, Aliko Dangote, has start…
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SpaceX Secures $60B Option For AI Startup Cursor
SpaceX Cursor deal: Elon Musk's firm gets a $60 billion acquisition option for the AI coding startup, shifting the AI market. There is a major shift happen…
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Lufthansa Suspends 27 Jets Over Strikes, Fuel Costs
Lufthansa grounds 27 aircraft as rising fuel costs and labor strikes force immediate cost-cutting measures. Lufthansa has announced a drastic reduction in its …
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IMF Cuts Nigeria’s 2026 Growth Forecast to 4.1%
The IMF reduces Nigeria's 2026 economic growth forecast to 4.1% as rising fuel costs and global instability weigh heavily. The International Monetary Fund …
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FG Slashes Import Duties on Cars, Rice in 2026 Policy
The Federal Government has reduced import duties on cars and essential food items in the new 2026 Fiscal Policy Measures. The Federal Government has officially…
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The 10 Industrialists Topping Anambra’s 2026 Wealth Ranking
Anambra State has long held its place as one of Nigeria’s foremost commercial hubs, driven by a deeply rooted culture of enterprise and private capital fo…
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Jeff Bezos Targets $100bn to Automate Global Industry with AI
Jeff Bezos is reportedly raising $100bn to acquire and automate manufacturing giants via AI, marking a seismic shift in global industry. Jeff Bezos is mobilisi…
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Quince Raises $500m, Hits $10.1bn Valuation
Quince secures $500m funding, doubling its valuation to over $10bn as revenue tops $1bn despite ongoing legal challenges. Quince, the online shopping platform,…
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Dangote Refinery Hikes Petrol Price to N1,175
Dangote Refinery raises petrol price to N1,175 per litre, sparking fears of higher costs for Nigerian motorists. Hard Economic times are here as Dangote Petrol…
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Oil Prices Hit Two-Year High Amid Middle East Crisis
Crude oil prices have skyrocketed to a two-year high following fresh warnings of a production halt in the Middle East. Global oil markets are witnessing a sha…
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Global Oil Prices Could Hit $150 as Middle East Crisis Deepens
A massive surge in global oil prices to $150 is looming if the Strait of Hormuz remains a no-go zone for tankers. The world is bracing for a massive spike in e…
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Petrol Prices Set to Hit N1,000 as Dangote Hikes Rates
Get ready for a jump in petrol prices as Dangote Refinery raises rates to N874/litre following global oil shocks. The cost of Premium Motor Spirit (petrol) is …
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Russia Supreme Court Upholds $1.2 Quintillion Fine on Google
Google has lost its final appeal in Russia, with the Supreme Court upholding a fine larger than all the money on Earth. The Russia’s Supreme Court has official…
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MTN Group Set to Acquire IHS Towers in $6.2 Billion Deal
Telecom giant MTN Group is set to buy IHS Towers in a massive $6.2 billion deal to boost African digital infrastructure. In a massive shake-up of Africa’s tele…
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States Pay N455bn Foreign Debt Service in 2025 – FAAC Data
Foreign debt service Nigeria rises sharply as states pay over N455bn in 2025, reducing funds available for projects and salaries. Nigerian states spent a total…
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Nigeria Fuel Prices May Drop as Import Costs Fall Below Dangote
Relief may be coming to the pump as fuel prices in Nigeria are expected to drop due to market competition. There is a glimmer of hope for motorists and busines…
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Why CBN, Spotify, and Canon are Choosing Managed Offices
Top firms like the CBN and Spotify are moving to managed office spaces in Nigeria to cut costs and boost flexibility. Big corporations in Nigeria are changing …
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