The National Security Adviser, Nuhu Ribadu, has mentioned foreign countries supporting the Federal Government in its efforts to tackle insurgency and terrorism.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
The Central Bank of Nigeria (CBN) has injected about $81 million into the foreign exchange market amid renewed volatility to stabilise the local currency.
The deal between the United States and the European Union may have averted a transatlantic trade war, but worries persist in Ireland where crucial sectors are dependent on US multinationals. But "higher tariffs than there have been" will make transatlantic trade "more expensive and more challenging," he added.
UK Prime Minister Keir Starmer will press Donald Trump on ending "the unspeakable suffering" in Gaza, and also talk trade, when they meet Monday at the US president's golf resort in Scotland, Downing Street said. Starmer is expected to "welcome the president's administration working with partners in Qatar and Egypt to bring about a ceasefire in Gaza," a Downing Street spokesperson said.
Hong Kong conglomerate CK Hutchison said Monday it was considering inviting a Chinese "major strategic investor" to join a US-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal.
The Chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, has lamented the loss of revenue by the government through illicit financial inflows.
Dutch brewer Heineken sold less beer in the first half of the year, it announced Monday, as a slump in sales in Europe and the US failed to offset better performance in Asia. Heineken said total sales were 14.2 billion euros in the first half year, compared with 14.8 billion euros in the first six months of 2024.
Most stock markets rose with the euro Monday after the European Union and United States hammered out the "biggest-ever" deal to avert a potentially damaging trade war.
French wine producers, already reeling from a downturn in their market, still do not know how bitter a taste the US tariffs on wine will leave on their palates. Sunday's announcement of a trade deal between the United States and the European Union did not clear up what tariffs European wine and spirits producers will face in the United States.
Top economic officials from the United States and China are set to renew negotiations Monday -- with an extension of lower tariff levels on the cards -- as President Donald Trump's trade policy enters a critical week.
Economy
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