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Business
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Trump Media Posts $238 Million Loss Amid Cryptocurrency Market Decline
Trump Media and Technology Group recorded a $238 million loss last quarter, citing the volatility of its cryptocurrency investments despite modest revenue growth from its social media platform.
Drivers abandon NNPCL stations as private retailers lower fuel costs
Drivers in Abuja are steering clear of NNPCL gas stations due to high costs, choosing instead to patronize private retailers that have lowered fuel prices following a reduction by the Dangote Refinery.
Finance Minister Oyedele Challenges NAICOM on Insurance Recapitalization Levies
Finance Minister Taiwo Oyedele has intervened in a dispute between insurance companies and NAICOM over capital injection fees and escrow requirements.
NERC Removes Kaduna DisCo Board Over N456bn Debt and Names Administrator
NERC has dissolved the board of the Kaduna Electricity Distribution Company due to a N456 billion debt burden and poor performance, appointing an administrator to manage the utility for six months.
Thames Water issued £1m recruitment bonus to finance head
Struggling utility giant Thames Water issued a £1 million signing bonus to its finance chief while grappling with £20 billion in debt and the threat of temporary nationalisation.
Nigerian Breweries Reports 9% Revenue Growth to N804 Billion
Nigerian Breweries Plc achieved N804 billion in revenue during the first half of 2026, marking a 9% year-over-year increase while successfully restoring positive retained earnings.
Globacom Celebrates 23 Years of Market Dominance Under Mike Adenuga
As Globacom marks 23 years of operation, founder Mike Adenuga continues to maintain sole ownership and strategic control, cementing his status as a key figure in African telecommunications.
Supermac’s Fails in EU Trademark Bid Against McDonald’s
The EU intellectual property board has rejected an attempt by Irish chain Supermac's to register its name as an EU trademark, citing a high likelihood of consumer confusion with the McDonald's Big Mac brand.
Ubi Franklin Proposes Scaling Small Food Businesses into Billion-Naira Ventures
Entrepreneur Ubi Franklin outlines an investment strategy using working capital for small food vendors to generate significant wealth in Nigeria.
Dispute Arises Over Multi-Billion Naira Shop Allocation in Nnewi Market
Disagreements over the multi-billion naira Agbedo Motor Parts Market project have led to accusations of financial misconduct, though local officials and market leadership deny any government involvement.