Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
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Trump says Venezuela airspace should be considered 'closed in its entirety'
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Apply now: FG opens portal for entrepreneurs to get up to N50m grant
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FG moves to boost MSMEs with $500m World Bank loan, DBN to disburse to millions of Nigerians
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Travel chaos fears ease after Airbus intervenes on software fix
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Air travel disrupted over Airbus A320 software switch
Economy Latest News
Several Canadian provinces ban US alcohol in tariff response
Multiple Canadian provinces, including Ontario and Quebec, banned the sale of US alcohol on Tuesday, part of a broad national retaliation against import tariffs imposed by US President Donald Trump. The LCBO's website was down Tuesday, with a notice saying the store was removing "US products in response to US tariffs on Canadian goods."
US stocks fall again as more Trump tariffs take effect
Wall Street stocks tumbled Tuesday after the United States proceeded with new tariffs on Canada, Mexico and China, exacerbating worries that higher inflation will prompt a recession. "Investors are worried that we are headed for a recession and a bear market."
'We will endure': Mexican truckers stoic in face of Trump tariffs
Stuck in a queue at the Mexican-US border, truck driver Juan Diego Mendoza said he was worried about the fallout of President Donald Trump's tariffs, but believed Mexicans were resilient enough to cope. We're happy with a plate of beans and an egg," the 31-year-old told AFP. Mendoza woke earlier than usual to hear Mexican President Claudia Sheinbaum's response to Trump's 25-percent tariff.
Trade war brings fear, uncertainty to Canadian border city
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.
Competition drives down Nigeria petrol prices
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.
How will Mexico respond to Trump's tariffs?
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.
Tesla shares fall on weak China auto sales
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.
Nigeria Customs intercepts, seizes N238 million worth of smuggled fuel
The Comptroller General of the Nigeria Customs Service, Bashir Adeniyi noted that these smugglers continue to undermine government's effort to stabilise fuel price.
Goodbye to Remita as FG’s new revenue collection system goes live
The first phase of the implementation is immediate and will activate automatic deduction and remittance of all naira payments including VAT, withholding tax, others.
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