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Economy

It’s always about the economy, stupid…

Economy

Tariffs: Ngozi Okonjo-Iweala Warns Trump of ‘Cycle of Retaliation’

Jackson Kachi | Senior News Editor -
GENEVA, Switzerland - Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), has expressed deep concern over the recent tariffs imposed by the...
Economy

Exporting Raw Materials is ‘The Door to Poverty’, AfDB’s Adesina Warns

Jackson Kachi | Senior News Editor -
ABIDJAN, Cote d'Ivoire - Akinwunmi Adesina, the president of the African Development Bank (AfDB), has emphasized that internal investments within Africa are the key...
Economy

Liberation Day: Trump Imposes 14% Trade Tariff on Nigeria

Jackson Kachi | Senior News Editor -
WASHINGTON, USA - On Wednesday, April 2, 2025, U.S. President Donald Trump enacted significant new tariffs in a bold move he termed “liberation day,”...
Economy

Trump Escalates Global Trade War, Imposes Sweeping 10% Tariffs on All Countries

Hope Sampson | Sub Editor -
WASHINGTON, USA — President Donald Trump has announced sweeping new tariffs on imports from nearly every country, escalating his global trade war in what...
Business

Cryptocurrencies Enter Mainstream as Nigeria’s New Investment Law Takes Effect

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - Nigeria’s recently passed Investments and Securities Act (ISA) 2024 has introduced significant reforms to the capital market, including the formal classification...
Economy

World Bank Set to Approve $632 Million in New Loans for Nigeria

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - The World Bank is expected to approve fresh loans totalling $632 million to Nigeria on Monday, March 31, 2025, marking the...
Economy

Nigerians Face Economic Crisis as Petrol Prices Jump 8% Overnight

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - Following the recent suspension of petroleum product sales in naira by the Dangote refinery, MRS Oil & Gas has implemented a...
Business

Dangote Refinery Reshapes Global Energy Markets with Landmark U.S. Shipments

Jackson Kachi | Senior News Editor -
SANGOTEDO, Nigeria - The Dangote Petroleum Refinery, the world’s largest single-train refinery, has made a significant mark on the global energy market with over...
Crime

Nigerian Customs Intercepts $193,000 Concealed in Yoghurt Carton at Abuja Airport

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Nigeria Customs Service, NCS, has intercepted $193,000 in undeclared foreign currency at the Nnamdi Azikiwe International Airport, Abuja, concealed inside...
Business

Petrol Prices Increases After Dangote Refinery’s Supply Shift

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria - The Nigerian downstream petroleum sector has been thrown into turmoil following Dangote Refinery’s decision to temporarily suspend the sale of refined...
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