Federal government bans open grazing to reduce farmers-herders conflicts. Minister Maiha urges cattle rearers to embrace ranching for safety and profit.
The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise the naira and repay foreign debts.
The US trade gap swelled last year to nearly $920 billion, according to government data released Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House. This was wider than values for the trade gap with North American neighbors Canada and Mexico combined, and more than the gap with the European Union as well, according to government numbers.
The Nigerian currency depreciated slightly in the official and parallel foreign exchange markets on Tuesday, February 4, 2025, after a week-long gain.
Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas. On Wednesday, several thousand workers marched through Brussels, waving trade union flags and holding signs reading "European Union, wake up!"
The Association of Bureau de Change Operators of Nigeria (ABCON) has expressed joy following the deadline extension by the CBN for dollar sales to BDCs
The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.
French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits. TotalEnergies said Wednesday it would reduce its investments in low-carbon energy, mainly for electricity, by $500 million -- from $5 billion to $4.5 billion.
It is a contradiction to see a sharp increase in internet data consumption, even as the number of active phone connections and internet users continue to dwindle.
Beijing accused the United States Wednesday of "suppression" after its postal service said it was suspending parcels from China and Hong Kong, a move that could hit e-commerce giants Temu and Shein. A postal services worker at the General Post Office in Macau told AFP that parcels could still be sent to the United States from the semi-autonomous Chinese city.
Economy
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