New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
Economy
Most viewed
Popular
-
All you need to know as FG says no tax ID, no bank account by January 1, 2026
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
-
Finally, Dangote free fuel distribution begins, new petrol prices emerge
-
Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
-
Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
Economy Latest News
Five things to know about Panama Canal, in Trump's sights
US President-elect Donald Trump has threatened to demand control of the Panama Canal be returned to Washington, complaining of "unfair" treatment of American ships and hinting at China's growing influence.
Trump's TikTok love raises stakes in battle over app's fate
President-elect Donald Trump's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the United States, though the path forward remains unclear. Even with Trump's decisive election victory and incoming Republican-led Congress, acquiescing to the president-elect's desire and preventing the ban faces significant hurdles.
Volkswagen boss hails cost-cutting deal but shares fall
Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday. Even without shuttering factories, Blume said the agreement would lead to a reduction in production capacity of around 730,000 vehicles a year.
US probes China chip industry on 'anticompetitive' concerns
The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.
Year in review: How naira crash affected local, Foreign Companies in Nigeria in 2024
The naira crash and devaluation dealt a devastating blow to local and foreign companies operating in Nigeria in 2024, with most companies shutting down.
"No one will buy from you”: oil marketers urge members to reduce fuel prices ahead of Christmas, New Year
IPMAN has urged its members to reduce their pump price to reflect the price reduction from Dangote. IPMAN says no fuel queues or scarcity expected this yuletide.
FG's 50% discounted trips from Lagos, Abuja to other locations to commence on Christmas eve
The FG-sponsored discounted road trips, earlier billed to start on December 20, may now commence on December 24 running from Lagos and FCT to other locations.
UK economy stagnant in third quarter in fresh setback
Britain's economy was stagnant in the third quarter, according to revised official data released Monday, dealing a fresh blow to the Labour government. The ONS also revised down its second quarter growth reading to 0.4 percent from 0.5 percent.
Billionaire Tony Elumelu distributes bags of rice to Nigerian families for Christmas
Tony Elumelu, Group chairman of UBA has donated 1800 bags of rice to his home community in Delta state as an act of giving back to the society...
Economy
Load more