
The Nigerian currency has continued its winning streak against the US dollar, rising to an eight-month high in the official window at N1,485 per dollar.
The Nigerian currency has continued its winning streak against the US dollar, rising to an eight-month high in the official window at N1,485 per dollar.
The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would struggle to "disentangle" how those changes affect inflation from other factors impacting the American economy, a senior bank official said Wednesday.
US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, a major blow to the wobbly economy run by leftist adversary Nicolas Maduro. Former president Joe Biden in 2022 eased sanctions and gave Chevron permission to operate in Venezuela in return for a promise by Maduro to allow fair elections.
President Donald Trump said Wednesday that the European Union was born to "screw" the United States, laying bare his hostility to the longtime US partner as he detailed new tariffs. "Look, let's be honest, the European Union was formed in order to screw the United States," Trump told reporters as he gathered his cabinet for the first time.
The Nigeria Customs Service (NCS) Comptroller General pointed out several clauses in the Tax Reform Bills 2024 that will cause conflict in its activities.
US lawmakers voted Wednesday to confirm lawyer Jamieson Greer as Donald Trump's trade envoy, rounding out the president's top economic team with a key figure in tariff policy as the president threatens levies on friend and foe alike. Greer, a partner at law firm King & Spalding, served as chief of staff to Trump's top trade negotiator Robert Lighthizer during the president's first term.
US pharmaceutical giant Eli Lilly announced Wednesday that it will build four additional new manufacturing sites in the United States in a committment designed to influence upcoming Trump administration decisions on trade and other issues.
Online retail behemoth Amazon on Wednesday announced a new version of its Alexa voice assistant that is powered by generative artificial intelligence, giving the device more human-like qualities. Panos Panay, senior vice president of devices and services at Amazon, said that Alexa Plus opens a new age for voice devices.
Britons will have to pay more to fly and should forego two-steaks worth of meat a week if the country is to meet net zero targets, the government's advisory body said Wednesday. The average reduction required to hit the targets would equate to consumers eating two fewer meat mains per week, said the report.
The Standard Organisation of Nigeria (SON) will also be taking the quality assurance drive to all geographical zones with the regional laboratories set up.
Economy
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