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BREAKING: Prominent PDP House of Reps member defects to APC
After deal with Dangote refinery, marketers move to crash petrol prices, ask Nigerians to be patient
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed optimism that the current pump price of petrol and scarcity will soon end.
More headache for CBN as naira becomes 3rd worst performing currency in the world
The Nigerian currency, the naira, has got a new position in the list of worst-performing currencies in the world as the value continue to depreciate in FX market.
Tinubu’s govt makes major demand from Nigerian media
The Bola Ahmed Tinubu government has made a major demand from the Nigerian media. Minister Mohammed Idris Malagi conveyed the government's request.
Atiku reacts as court stops CBN from releasing allocation to Rivers: "Warning was ignored"
Atiku reacted after a high court stopped the CBN from releasing allocation to Rivers. The verdict came amid a lingering feud between Nyesom Wike and Sim Fubara.
Asian stocks uneven after shaky Wall Street lead
Asian stocks got off to an uneven start on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing. Tokyo followed that lead on Thursday, dragged down by a drop in stocks linked to the semiconductor industry, which also saw a drop on Wall Street.
China factory output expands for first time in six months
China's manufacturing output expanded this month for the first time since April, official data showed Thursday, rare good news for leaders struggling to boost activity in the world's second-largest activity. The NBS said Thursday's data release showed the "business climate of the manufacturing industry has rebounded".
Striking Boeing workers aim to restore old retirement program
Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts, with the latest rejected offer featuring a 35 percent wage hike. Under the latest contract offer, which workers rejected on October 23, Boeing included a provision increasing the employer match.
Meta shows strong growth as AI spending surges
Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors. Like its Big Tech peers, Meta is rushing into artificial intelligence as it tries to build revenue streams away from its social media core business.
Microsoft beats expectations, but AI concerns force shares down
Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom. During the quarter, Microsoft also returned $9.0 billion to shareholders through dividends and share repurchases, helping pump up share value.
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