President Bola Ahmed Tinubu has sent a message to Donald Trump, 47th President of the United States (US) as America's military action threat looms.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.
Opportunities and investment have surged for European defence startups since Russia's invasion of Ukraine, industry players say, with shifts by governments and investors shaking up a sector long a byword for ponderous development. But the urgent need to develop state-of-the-art battlefield tech -- a constantly moving target in the crucible of Ukraine -- continues to run into hurdles.
US agricultural exports, fuels and manufactured goods are set to take a hit from China's blanket retaliation against President Donald Trump's sharp tariffs, with both sets of measures due to take effect next week. But China likely has more confidence to retaliate this time compared with Trump's first presidency, when he engaged in a tit-for-tat tariff war with Beijing.
California Governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US President Donald Trump's tariffs. "Donald Trump's tariffs do not represent all Americans, particularly those that I represent here in the fifth largest economy in the world, the state of California."
In unleashing global tariffs, President Donald Trump has vowed to remake the world to benefit US workers. "Unlike previous presidents, President Trump fully understands the nature and scope of the problem -- and the existential threat posed by China -- and what needs to be done," Smith said.
The NERC report reveals that electricity distribution in Nigeria still has teething challenges that must be addressed to ensure safe transmission of energy.
The naira-for-crude deal commenced on October 1, 2024, for an initial six-month period, and enabled local refineries like Dangote Refinery to buy crude with naira.
It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war. But it said things could get worse if a tit-for-tat trade war began, and on Friday China announced retaliatory tariffs on US goods of 34 percent.
A US top investment banker, JP Morgan, has predicted that the Nigerian currency will exchange for N1,450 per dollar due to changes in NNPC and CBN's FX reserve.
Economy
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