The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
Economy
Most viewed
Popular
-
25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
-
Naira hits strongest level in 2025 as external reserves climb to $43.17 billion
-
French fraud watchdog reports Shein for 'childlike' sex dolls
-
How to apply for FG’s YEIDEP programme and Get N500,000 funding
-
Shein bans sex dolls after France outrage over 'childlike' ones
Economy Latest News
FG waives N97 billion import duties on rice, others, predicts 18% price drop by year-end
The federal government has waived import duties of almost N100 billion on food items like rice and maize. Certain food prices are expected to crash as a result.
Spotify posts record profit in first quarter
Music streaming giant Spotify on Tuesday reported a 12-percent rise in paying subscribers in the first quarter to 268 million, along with a record operating profit. The number of paying subscribers, which account for most of Spotify's revenue, grew to 268 million, slightly higher than its guidance of 265 millions.
GM profits top estimates, but automaker reviewing outlook due to tariffs
General Motors reported a dip in first-quarter profits but topped estimates Tuesday as the automaker said it was reexamining its 2025 outlook in light of uncertainty over US tariffs. Later Monday, the Wall Street Journal reported that Trump agreed to soften the impact of tariffs on automakers.
More worries as FG’s debt servicing gulps N696 billion in one month
Nigeria's revenue can no longer cover its debt servicing, raising concerns about how the government will finance recurrent and capital projects in the 2025 budget.
BP profit drops 70% amid pivot back to oil and gas
Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business. Under pressure from investors, BP is in the midst of a major reset that saw it shelve its once industry-leading carbon-reduction targets to focus on fossil fuel output deemed more profitable.
FIRS directs banks to close unauthorised tax collection accounts, reasons emerge
In line with the move to digitalise revenue collection in Nigeria, the Federal Inland Revenue Service (FIRS) is enforcing the use of the TaxPro Max platform.
Adidas warns US tariffs to push up prices
German sportswear giant Adidas on Tuesday warned that US President Donald Trump's tariffs will increase prices for its products in the United States, and the hardline trade policies could dent its ongoing recovery.
Nigeria’s non-oil exports reach $1.7 billion, as FG releases list of top commodities
Cocoa used to be Nigeria's major export before the discovery of oil in the 1950s, and recent data shows that this cash crop is rising again to prominence
FCCPC declares it is not the customers’ duty to buy transformers, orders DisCo to effect refunds
In response to several complaints raised by customers against the electricity distribution companies, the FCCPC has declared that customers should be refunded.
Economy
Load more