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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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Food prices: Rice, beans, garri crash in markets as Tinubu gives order to FEC
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Trump declines to rule out 2025 US recession
President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year. But Trump's commerce secretary, Howard Lutnick, was more definitive when asked Sunday about the possibility of a recession.
ALGON BoT raises alarm over CBN control of local government accounts, asks AGF to intervene
Local goeverment chairmen, via the Board of Trustees of the Association of Local Governments of Nigeria (ALGON) has raised alarm of CBN plans to control its funds.
US ends waiver for Iraq to buy Iranian electricity
Washington has declined to renew a sanctions waiver that allowed Iraq to buy electricity from neighbouring Iran, a spokesperson for the American embassy in Baghdad said on Sunday. "On March 8, the U.S. Department of State did not renew the waiver for Iraq to purchase Iranian electricity," the US embassy spokesperson said.
China-US trade war heats up with Beijing's tariffs to take effect
Trade tensions between the world's two leading economies are set to escalate on Monday, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for President Donald Trump's latest hike on Chinese imports. After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.
US takes rivalry with China to the high seas
The United States may still have the world's most powerful navy but it seems to have realised that this is no longer sufficient to reassert US supremacy over the high seas. - Gaps in US presence - While the United States may have the world's most powerful navy, its merchant fleet is not in such good shape, said Quintin.
New LIV CEO O'Neil predicts golf will 'open up again'
The new CEO of LIV told AFP the world of golf will eventually "open up again" and the Saudi-bankrolled league has an important role in growing the game around the world. "Eventually, I believe that golf will open up again," he told AFP. "We would like player movement.
US shipbuilders, a shadow of what they were, welcome Trump's support
Shipbuilding has been in steady decline in the US since the end of the Cold War but some in the industry now hope for a revival of the sector, as was promised last week by President Donald Trump. Trump has now promised to reverse this, declaring in an address to Congress on Tuesday that he would "resurrect" the sector and create an Office of Shipbuilding in the White House.
Nigeria seeks to cash in on soaring cocoa prices
Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. - 'Full-sun' monocrop - Ivory Coast is by far the world's top grower, producing more than two million tonnes of cocoa beans in 2023, followed by Ghana at 650,000 tonnes.
China consumption slump deepens as February prices drop
Consumer prices in China fell last month for the first time since January 2024, official data showed Sunday, as authorities in the world's second-largest economy struggle to kickstart spending. It also reversed the 0.5 percent uptick recorded in January, when a surge in spending during the Lunar New Year boosted inflation to its highest rate in months.
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