Nigerian government updates the banned import list, including cement and fertiliser, effective April 1, 2026, amid World Bank's calls to enhance competitiveness.
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SMEDAN raises alarm as Nigerian businesses refuse to apply for support funds
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Bag of pure water becomes costlier in major Nigerian state amid rising diesel, production expenses
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CBN introduces tougher BVN enrolment rule: What Nigerians must know before May 1
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FG disowns fake N500,000 YEIDEP grant circulating on social media
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FG reacts to World Bank report, clarifies secret spending claims
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Eurozone inflation holds above expectations in April
Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle. With inflation close to the two-percent target, the ECB shifted to cutting interest rates to boost the eurozone's sluggish economy.
Nigeria on track to finish repaying IMF loan by 2029, payment details emerge
Fitch ratings just upgraded Nigeria's credit rating to a B, showing that the country can meet its loan obligations. The IMF has confirmed the status of its loans.
FG repays China, World Bank, IMF, other loans as Nigeria’s debt hits N144.6 trillion
The Debt Management Office (DMO) has explained that Nigeria spent about N5.97 trillion on debt servicing in 2024, relative to N5.23 trillion in 2023.
TikTok fined 530 mn euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros ($600 million) Friday, accused of sending personal data of Europeans to China and failing to guarantee it was shielded from access by Chinese authorities.
Hong Kong posts 3.1% growth, warns of trade war 'risk'
Hong Kong's economy grew by 3.1 percent in the first quarter of the year, the city's government said Friday, though it warned US tariffs had heightened "downside risks" in the global economy. But officials warned that with the sharp increase in global tensions "the downside risks surrounding the global economy have heightened visibly".
German chemical giant BASF keeps outlook, warns on tariffs
German chemicals giant BASF stuck to its 2025 earnings outlook on Friday, despite the turmoil unleashed by hardline US trade policies, but warned of high levels of uncertainty.
AfDB launches economic support programme to give Nigeria over $6 billion in five years
Nigeria is set to see major changes in infrastructure and targeted support for certain groups of entrepreneurs, as the AfDB has pledged a yearly support.
Shell net profit sinks 35% in first-quarter as oil prices fall
British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns. BP this week reported that its net profit dropped 70 percent in the first quarter to $687 million, driven by weaker gas sales and lower refining margins. ajb/yad
Importers unable to break even as landing cost of Petrol rises again, higher than Dangote Refinery
The price war between Dangote Refinery and the petrol importers in Nigeria has now reached a stalemate. With the rise in landing costs, a clear winner has emerged.
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