The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
Economy
Most viewed
Popular
-
Depot owners protest as Dangote slashes petrol price by N259
-
FG disburses N330bn: 7 million poor households to get cash transfers before year-end
-
Mixed fortunes as naira reverses two-week gain amid surge in reserves
-
Shoprite stores close in two states as Lagos, Abuja outlets struggle with empty shelves
-
Dollar falls to N1,484 in official window, naira appreciates in parallel market
Economy Latest News
Indie game studios battle for piece of Switch 2 success
Players line up inside Nintendo's booth at a Japanese game fair to try upcoming Switch 2 titles, but, for once, the company's chirpy red-capped mascot Mario is nowhere to be seen.
Naira nears equal exchange rate at banks and black market as oil output surges
The official foreign exchange window and the parallel market have finally converged to less than N2 as the naira depreciated to N1,533.11 and N1,532, respectively.
BUA, Dangote Cement, 28 others push NGX Market cap past N82 trillion as investors make gains
A total of 30 stocks performed impressively in the trading session, making investors richer at the end of the day. The major cement manufacturers topped the list.
Full lst:10 most affordable Nigerian states to Live In as inflation drops to 22.22 per cent
Nigeria's headline inflation has dropped from 22.97% in May to 22.22% in June, representing a 0.75 per cent decline, with some states recording low inflation.
North Korea bars foreign tourists from new seaside resort
North Korea has barred foreigners from a newly opened beach resort, the country's tourism administration said this week, just days after Russia's top diplomat visited the area. But following Lavrov's visit, the North's National Tourism Administration said "foreign tourists are temporarily not being accepted" without giving further details, in a statement posted on an official website this week.
China mulls economy-boosting measures to counter 'severe situation'
China is prepared to take measures and has a "plentiful" toolbox to avoid an economic slump in the second half of the year, its commerce minister said Friday as he admitted it faced a "very severe and complex situation". "We are still facing a very severe and complex situation.
Asian markets on course to end week on a positive note
Asian markets headed into the weekend on a broadly positive note Friday, as investors took up New York's latest record highs sparked by healthy US retail data and upbeat earnings from some of Wall Street's big names. "Cost-of-living concerns have dominated the campaign for this weekend's upper house election," wrote Stefan Angrick, head of Japan and frontier markets economics at Moody's Analytics.
Japan's SMEs ready to adapt to Trump tariffs
Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan's economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump. With 100 employees, Mitsuwa Electric is not a household name.
California to sue Trump govt over axed high-speed rail funds
California will sue President Donald Trump's administration over its decision to cancel billions of dollars in federal funding for the construction of a long-delayed high-speed rail line, the state's governor said Thursday.
Economy
Load more