The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
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Depot owners protest as Dangote slashes petrol price by N259
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Mixed fortunes as naira reverses two-week gain amid surge in reserves
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Shoprite stores close in two states as Lagos, Abuja outlets struggle with empty shelves
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
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US Fed opens key meeting after Trump aide sworn in as governor
The US Federal Reserve started a key interest rate meeting Tuesday, hours after Donald Trump's new appointee narrowly won confirmation to join the central bank -- while another top official fights her removal by the president.
Thyssenkrupp says India's Jindal Steel makes bid for steel business
India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan. It confirmed in a statement that it had received a "non-binding" offer from Jindal Steel International for the purchase of Thyssenkrupp Steel Europe (TKSE).
US retail sales beat expectations in August despite tariffs
Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite. A separate report Tuesday showed that industrial production rose 0.1 percent in August, reversing a 0.4 percent decline in July.
FG launches special 'TV' for Nigerian youths seeking opportunities
As part of efforts to achieve Youth Economic Intervention and De-Radicalization Programme, a new digital platform has been launched by federal government.
Europe slow to match economic rivals US, China: Draghi
The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, a key report's author said Tuesday. "They see us failing to match the speed of change elsewhere," said Draghi, a former Italian prime minister.
Naira gains massively as Nigeria’s external reserves hit $41.7 billion
Nigeria's external reserves rose to $41.7bn, driven by diaspora remittances and improved crude oil production. Experts say the development is affecting the naira.
Asian markets rise as traders prepare for expected US rate cut
Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a US interest rate cut this week, while they are also keenly eyeing flagged talks between Donald Trump and Xi Jinping.
Lower US tariffs on Japan autos to take effect Tuesday
Lower US tariffs on Japanese autos are set to take effect this week, a Commerce Department notice confirmed Monday, as Washington implements a recent trade pact it had negotiated with Tokyo.
Protesting Peru residents block trains to Machu Picchu
Train services to the Inca citadel of Machu Picchu, Peru's main tourist attraction, was suspended Monday as protesting residents placed logs and rocks on the tracks, police and PeruRail said. Residents are demanding that a new company be chosen to run the buses that ferry visitors from the Aguas Calientes train station at the foot of Machu Picchu, to the site itself.
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