The United States (US) says it has killed an Iranian leader linked to an alleged plot to assassinate Donald Trump, escalating tensions with Iran.
Nigeria's naira faces renewed pressure, trading at N1,384/dollar amid high demand. External reserves near $50bn may stabilise the currency as oil prices rise.
The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs. "The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations," the central bank said in a statement.
Haulage costs at Lagos seaports have dropped by over 60% in just one week. Truckers and cargo operators have different explanations for this price drop.
Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.
The Nigerian government has signed and submitted its ECOWAS Tariff Offer to the African Continental Free Trade Area, establishing a 90% duty waiver on the continent.
Google on Wednesday said it would "vigorously" defend itself after some 250,000 UK businesses filed a multi-billion-pound legal claim against the US tech giant for allegedly overcharging for online advertising.
Nigeria's federal, state, and local governments face declining revenue as federal allocations decrease again. FAAC allocations breakdown gives the details.
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.
Economy
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