Business

Oil Prices Fall as Traders Weigh Middle East Supply Risks and US Sanctions Plans

Leave a Comment / Business, Energy / Marylyn Oparaugo

Global oil prices fell in early trading on Thursday, 15 October 2026, as investors assessed the risk of further disruption to Middle Eastern energy shipments and possible US measures to reduce oil transport costs. According to Reuters , Brent crude futures were down $1.39, or 1.31%, at $104.67 a barrel by 01:16 GMT. US West Texas

Oil Prices Fall as Traders Weigh Middle East Supply Risks and US Sanctions Plans Read More »

Uganda’s Foreign Exchange Reserves Rise 56% to $6.7bn as Central Bank Expands Gold Plan

Leave a Comment / Business, Economy & Markets / Chidiebere Okereke

Uganda’s foreign exchange reserves increased by 56% in the year to June 2026, reaching approximately $6.7 billion, as the Bank of Uganda outlined plans to continue buying domestically produced gold to diversify its reserve assets. According to Reuters the reserves rose from about $4.3 billion a year earlier. The figures were released by the central bank

Uganda’s Foreign Exchange Reserves Rise 56% to $6.7bn as Central Bank Expands Gold Plan Read More »

US regulator reviews claims Tesla robotaxis exceeded speed limits in school zones

Leave a Comment / Business, Technology & Innovation / Chidiebere Okereke

The US National Highway Traffic Safety Administration (NHTSA) is reviewing allegations that Tesla robotaxis exceeded posted speed limits in active school zones. The agency opened a defect petition evaluation on 9 October 2026, following a complaint received on 23 September. The review will determine whether the allegations justify a formal safety investigation. According to NHTSA’s official

US regulator reviews claims Tesla robotaxis exceeded speed limits in school zones Read More »

AI investment helps global growth stay near 3 per cent, IMF chief says

Leave a Comment / Business, Economy & Markets / Marylyn Oparaugo

Spending on artificial intelligence (AI) infrastructure is helping global growth stay near 3 per cent despite high energy costs, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Monday, 12 October. Speaking at the IMF and World Bank annual meetings in Bangkok, she said Asian economies that supply AI hardware were among those benefiting,

AI investment helps global growth stay near 3 per cent, IMF chief says Read More »

NNPC petrol discount extended to 31 October as app payment requirement emerges

Leave a Comment / Business, Energy / Blessing Famose

NNPC Limited has extended its ₦66-per-litre petrol discount until 31 October, while new reporting indicates that motorists paying directly at filling stations may miss out on the offer. In a report published on Saturday, 10 October, Saturday PUNCH said checks at NNPC outlets in Abuja found that customers needed to use the company’s mobile application

NNPC petrol discount extended to 31 October as app payment requirement emerges Read More »

Venezuela authorises Starlink to provide satellite internet nationwide

Leave a Comment / Business, Technology & Innovation / Marylyn Oparaugo

Venezuela has authorised Starlink, the satellite internet service operated by Elon Musk’s SpaceX, to provide services throughout the country. The decision was announced on Friday 9 October. According to Reuters, interim President Delcy Rodríguez authorised the service as part of an agreement with the US company. (reuters.com) What the approval covers Venezuela’s telecommunications regulator, Conatel,

Venezuela authorises Starlink to provide satellite internet nationwide Read More »

AEDC launches MyPower platform and pledges wider metering

Leave a Comment / Business, Energy / Blessing Famose

Abuja Electricity Distribution Plc has launched mobile and web applications for managing electricity accounts, alongside assurances on customer data protection and a commitment to eliminate estimated billing through wider metering. The MyPower platform was unveiled in Abuja this week. AEDC serves customers across the Federal Capital Territory, Kogi, Niger, and Nasarawa. Payments and complaints move online

AEDC launches MyPower platform and pledges wider metering Read More »

UK 10-year borrowing costs reach highest level since 2007

Leave a Comment / Business, Economy & Markets, UK Affrairs, UK Economy / Blessing Famose

The UK’s benchmark 10-year government bond yield touched 5.527% on Thursday, 8 October, its highest level since July 2007, according to Reuters. Yields on 20-year and 30-year government bonds reached 6.00% and 6.05% respectively, their highest levels since early 1998. The increases formed part of a wider international sell-off in government debt. (reuters.com) The figures were

UK 10-year borrowing costs reach highest level since 2007 Read More »

Nigeria negotiates ₦1,350 ceiling on petrol supply costs

Leave a Comment / Business, Energy, Governance & Policy, Politics / Blessing Famose

Nigeria’s federal government is negotiating a ₦1,350-per-litre ceiling on the ex-gantry or landing cost of petrol as part of efforts to limit sharp changes in pump prices. Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele announced the proposal at a briefing in Abuja on Thursday, 8 October 2026. A presidency statement, signed by presidential

Nigeria negotiates ₦1,350 ceiling on petrol supply costs Read More »

MTN FibreX Outage Disrupts Internet Service in Lagos, Oyo, Rivers, Delta and FCT

Leave a Comment / Business, Technology & Innovation / Trivane News

MTN Nigeria has confirmed a service disruption affecting some customers in parts of Lagos, Oyo, Rivers and Delta states, as well as the Federal Capital Territory. The company said customers in the affected areas may experience temporary difficulty accessing its services while work continues to restore normal connectivity. At the time of publication, MTN

MTN FibreX Outage Disrupts Internet Service in Lagos, Oyo, Rivers, Delta and FCT Read More »