It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
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Shakeup looms in the civil service as FG begins workforce audit, skills gap analysis
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FG rolls out nationwide livestock empowerment programme, targets 1000 youths per state
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Naira appreciates, Nigeria’s FX reserves rise as crude price hits $81 per barrel
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White House says Canada 'caved' to Trump on tech tax
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FG invites Nigerians to apply for N50k for their business, releases link
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Samsung Q3 operating profits soar to $6.6 bn, miss forecast
South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers. The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
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.
Argentina hit by massive transport strike
Planes, trains, trucks and taxis ground to a halt in Argentina on Wednesday in a major one-day strike over President Javier Milei's austerity policies. The unions called the protest over Milei's plans to privatize national flag carrier Aerolineas Argentinas and to denounce spiraling poverty levels since he took office late last year.
Economist reveals real naira rate as currency emerges among top worst-performing
According to Bloomberg in a new report, one of the top 10 underperforming currencies in the world is the naira, which is the currency used in Nigeria.
Ghana’s Springfield begins oil well appraisal after Nigeria’s Dangote refinery begins production
Ghana's first deepwater oil business, Springfield Exploration and Production Limited, said it had started well evaluation work at the Afina-1x offshore oil field.
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