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.
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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How the National Single Window transforms Nigerian commerce
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US govt protests import bans on 25 products by Nigerian govt, shares lists
Economy Latest News
Panama deal allows US to deploy troops to canal
US troops will be able to deploy to a string of bases along the Panama Canal under a joint deal seen by AFP Thursday, a major concession to President Donald Trump as he seeks to reestablish influence over the vital waterway. Trump vow to take back the canal, and his claim of Chinese influence have prompted mass demonstrations.
US auto union praises some Trump tariffs
The head of the US auto workers union endorsed car tariffs Thursday as a way to address the "free trade disaster" while rejecting use of the levies for "political games." "We don't support the use of tariffs for political games about immigration or fentanyl.
Tesla opens first showroom in oil-rich Saudi
The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia -- where hybrid cars remain a rare sight. Mainly young Saudis gathered to look at the Tesla cars, even though demand for electric vehicles is low in Saudi Arabia.
Lagos state set to publish names of Land Use charge defaulters, gives date
The Land Use Charge is a key revenue source for the government, and may be paid by the property owner or the tenant. Failure to pay can attract heavy fines.
US-China trade war surges, overshadowing Trump climbdown
The US-China trade war intensified Thursday, sending the global economy into unknown territory and dampening relief after President Donald Trump's earlier climbdown from a wider tariff onslaught against the rest of the world. But realization that Trump's splashy about-face on Wednesday masked the reality of a surging trade war with China dampened spirits.
OpenAI countersues Musk as feud deepens
Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without him.
CBN breaks new record under Cardoso with dollar inflows as naira trades at new rates
The Central Bank of Nigeria has broken a new remittance inflows as dollar inflows into Nigeria hit a five-year high at $20.98 billion in 2024 under Cardoso.
Miuccia Prada's path from activist to top designer
As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women's rights wearing an Yves Saint Laurent suit. Ironically, her first women's ready-to-wear show in Milan in 1988, all in black and white, was not well received, with critics considering it too austere.
Elumelu finally opens up, shares how much FG owes Transcorp Group for electricity supplied
The federal government owes huge sums to the electricity generation and distribution companies, and these debts are inhibiting the players from investing.
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