President Bola Ahmed Tinubu has disclosed a common practice Nigeria will terminate and announced the date it will officially end. The video surfaced on Friday.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country's economy will grow "like never before."
The US has long been considered a financial safe haven. This week, the volatility spread to the US Treasury market, long considered by global investors to be a refuge.
Canada and the United States will start talks on a new trade deal in early May, Prime Minister Mark Carney said Friday, warning President Donald Trump's trade war was already hitting Canada's labor market.
Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.
The Akanu Ibiam International Airport, Enugu is set to be concessioned under a n 80-year deal. Key provisions of the 64-page agreement are now in the public.
An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs. A baseline 10-percent levy remains in place for all countries, along with higher tariffs on Chinese imports to the United States -- scrambling decades of global trade policy.
Shaken by Donald Trump's tariff blitz, the EU has embarked on a charm offensive to diversify its alliances in Asia and beyond, with summits lined up back-to-back and trade talks launched in all directions. This week alone, the EU agreed to launch talks for a free trade deal with the United Arab Emirates and confirmed a high-level summit in China in July, hot on the heels of a meeting in Japan.
Policymakers at the US Federal Reserve on Friday warned of higher inflation and slower growth ahead due to Donald Trump's tariff policy, which has sent shock waves through global markets.
Vast pharmaceutical factories pepper the green landscape in southern Ireland, but the wind turbines next to the plants outside Cork are in the eye of Donald Trump's global trade storm. "If tariffs were to become a permanent feature of global trade, and if there are changes, we'll see it further down the line with pipeline decisions about next investments," he said. pmu/jkb/jhb
Economy
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