Category: Business

          China has pledged to retaliate after President Donald Trump unveiled significant new tariffs on its exports to the United States as part of his sweeping revision of American global trade policy. On Wednesday, Trump introduced 54% tariffs on all Chinese imports into the US, a move that is expected to …

        US President Donald Trump has announced a 14% tariff on exports from Nigeria to the United States. The decision, revealed during a “Make America Wealthy Again” event in the Rose Garden on Wednesday, is part of a broader plan to address global trade imbalances and what the U.S. sees as unfair …

      Nigeria’s oil production is facing a new crisis as host communities in Bayelsa State’s coastal region have issued a 14-day ultimatum to NNPC Exploration & Production Limited (NEPL). They have threatened to shut down operations at Oil Mining Leases (OMLs) 86 and 88 unless their concerns over security contracts are addressed. The …

The telecommunications industry across Africa is witnessing a remarkable shift as MTN Group and Airtel Africa, two of the continent’s largest telecom operators, have embarked on an ambitious plan to share network infrastructure in Uganda and Nigeria. The rationale behind this strategic partnership is to extend digital and financial inclusion across the continent, especially in …

            The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have signed a $174.59 million Programme for Country Partnership (PCP) agreement to boost Nigeria’s industrial development. The four-year program, set to run from 2024 to 2028, aims to enhance the country’s industrial capacity, promote technological innovation, and encourage …

            The National Institute for Policy and Strategic Studies (NIPSS) has forecasted a decline in the price of Premium Motor Spirit (petrol) as Dangote Refinery and other local refineries begin full operations. Speaking on Channels Television on Tuesday, April 1, NIPSS Director-General Ayo Omotayo expressed confidence that fuel prices would …

          Nigeria’s Net Foreign Exchange Reserves (NFER) reached $23.11 billion at the end of 2024, the highest level in over three years, according to the Central Bank of Nigeria (CBN). In a statement on Tuesday, the CBN highlighted that this marks a significant increase from $3.99 billion at the end of …

                The National President of the Petroleum Retailers Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has explained why fuel prices could rise above N1,000 per litre in the near future. According to Gillis-Harry, the price of petrol in Nigeria may hit N1,000 per litre due to the …

            The Delta Government has assured that the N1 billion soft loan approved for Micro, Small, and Medium Enterprises (MSMEs) in the state will be available soon. Mr. Olisa Ifeajika, the Executive Assistant to Governor Sheriff Oborevwori on Public Enlightenment (Projects and Policies), shared this update while addressing the media …

            Global economies were on edge Monday as they braced for US President Donald Trump’s “Liberation Day,” when he is expected to announce tariffs against multiple countries, potentially triggering worldwide economic instability. Trump, who has used presidential powers more aggressively since taking office in January, will reveal the specific tariffs …