The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
In the Canadian city of Windsor, which survives on the cross-border auto industry, the start of a trade war with the United States has opened a period of fear and uncertainty. The president said this week that auto companies that want to avoid the consequences of tariffs should open plants in the United States.
The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline. Despite being a major oil producer, Nigeria's state-owned refineries have long been run-down, leading the country to rely heavily on imported petrol.
Mexico's targeting by US President Donald Trump's tariffs has put its economy at risk of a recession with a regional free-trade deal in limbo, experts say. - In theory, Mexico and Canada should be protected against US tariffs by a regional free-trade agreement that was renegotiated during Trump's first term.
Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk's alliance with US President Donald Trump. The electric auto maker sold 30,688 vehicles in China in February, down 49 percent from the year-ago period, according to data from the China Passenger Car Association.
The Comptroller General of the Nigeria Customs Service, Bashir Adeniyi noted that these smugglers continue to undermine government's effort to stabilise fuel price.
The first phase of the implementation is immediate and will activate automatic deduction and remittance of all naira payments including VAT, withholding tax, others.
Italian luxury fashion house Prada reported a bumper set of results for 2024 on Tuesday, defying analysts' expectations and the crisis in luxury markets. Founded in 1978 by designer Gianni Versace and his brother Santo, Versace is an icon of Italian fashion, known for its luxurious and sensual style.
As the world's biggest wireless technology fair, the Mobile World Congress in Barcelona is packed with manufacturers showing off their latest gadgets and inventions. Demonstrator models at their stand show off proofs of concept for each of the capabilities that co-founder Roman Axelrod says they want to pack into a single prototype device "by the end of 2026".
The Nigerian naira continued its gain against the US dollar on Monday, March 3, 2025, trading at N1,499 per dollar, from N1,500 it traded the previous day.
Economy
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