
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
The N4 trillion debt that has long clogged the wheels of Nigeria's power sector is about to be cleared. The FG has spoken about its recent resolutions on the debt.
China told Washington on Wednesday to "stop threatening and blackmailing" after US President Donald Trump said it was up to Beijing to come to the negotiating table to discuss ending their trade war.
Nigerians rejoice as imported fuel becomes the cheapest in Nigeria. The landing cost of imported fuel has dropped below Dangote and NNPC refineries price.
US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer. Parker, who quipped that US tariff policy might have changed since he last checked his phone, described the company's strategy as "quite simple."
The Central Bank of Nigeria (CBN) has injected an additional $150 million into the foreign exchange market as the naira crashed to N1,604 per dollar.
Amid high lending rates, the Nigerian government is set to launch a de-risking fund in May 2025 to help micro, small, and medium entreprises (MSMEs) access funding.
Forecast-beating growth in China's first quarter may have offered Beijing's economic planners some much needed good news -- but analysts warn they should strap in for tariff-induced woes further down the line. A top economic planner also stressed that more "proactive and effective macro policies" would be needed to boost growth.
Heineken said Wednesday its beer sales were down in the first quarter but kept profit forecasts for the year unchanged despite noting increased uncertainty from tariffs. "Additionally, there are broader uncertainties, including recent tariff adjustments and potential increases, as we go forward," added Heineken.
As Margriet Mantingh gazes at flowers stretching as far as the eye can see at the world's biggest flower market near Amsterdam, all she sees is a huge bouquet of pesticides. At Aalsmeer, near the Dutch capital, dozens of staff on electric scooters weave through the world's biggest flower market.
Economy
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