Capital One acquires Discover…
More than a year after announcing its blockbuster acquisition of Discover Financial Services for over $35 billion, Capital One has finalized the deal, merging two major players in the credit card industry.
Business and Economy
Nigeria to collaborate with Australia, Rwanda on mining and gender reform initiatives
By advancing partnerships with Australian mining companies, we can enhance job creation
Soaring inflation: Abuja, 10 states grapple with over 30% price surge amid economic strain
The spike in inflation can be attributed to the significant contributions from food and non-alcoholic beverages, which saw a year-on-year increase to 40.01% in March, up from 37.92% the previous month
OPEC: Nigeria’s oil output declines to 1.486m bpd
Nigeria’s crude oil output, including condensate, fell to 1.486 million barrels per day (bpd) in April 2025 from 1.401 million bpd in March, according to OPEC’s May Monthly Oil Market Report.
Ghana and Nigeria growth, reforms drive MTN Group’s strong Q1 performance
According to its Q1 results, service revenue increased by 19.8%, supported by a 40.4% rise in Nigeria and 39.5% in Ghana. “Ghana and Nigeria were instrumental in our robust Q1 performance,” said MTN Group CEO, Ralph Mupita.
Emirates achieves $6.2 billion profit, tops global airline earnings
Emirates Group has released its 2024-25 Annual Report, with Emirates reporting the best result in its history to become the world’s most profitable airline.
Tinubu administration claims IMF debt cleared, but records show N274 billion still owed
Nigeria spent N696 billion on debt servicing in January 2025 alone.
Minister of Power voices opposition to construction of 4,800MW nuclear power plant
We should, however, ask ourselves how much of the conventional sources of energy we have exploited.
Nigeria’s oil production drops 64,000b/d to 1.401m/d in April 2025
The Organization of Petroleum Exporting Countries (OPEC) April Monthly Oil Market Report revealed this, saying the numbers are based on direct communication from the producing countries.
Ukraine may switch from dollar to euro as global alliances shift
Ukraine may shift its currency anchor from the U.S. dollar to the euro amid growing ties with Europe and global trade fragmentation, Central Bank Governor Andriy Pyshnyi said.