New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
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All you need to know as FG says no tax ID, no bank account by January 1, 2026
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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Dollar falls in all markets as naira trades at new Rate, experts task FG to take action
The naira experienced an improved performance against the US dollar in all foreign exchange markets on Wednesday, February 19, 2025 compared to the previous day.
FG bans 60,000-litre fuel tankers, others from Nigerian roads, gives date for implementation
To keep Nigerians safe from fuel tanker-related accidents, the federal government has banned all 60,000-litre fuel tankers from carrying petroleum products...
Airbus proft climbs in 2024, aims to accelerate output
European aircraft maker Airbus said Thursday net profits rose in 2024 as it boosted plane deliveries and set a goal of accelerating them further. Net profit rose 12 percent to 4.2 billion euros ($4.4 billion), overcoming a massive writedown in the value of its space business earlier in the year.
Trump says trade deal with China 'possible'
US President Donald Trump suggested on Wednesday that a trade deal was "possible" with China -- a key target in the US leader's tariffs policy. In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters.
FG disburses $68m to 28 states to implement business reforms, engages independent monitoring firm
As part of plans to improve the ease of doing business in the country, the Federal Government of Nigeria has given 28 states a total of $68 million.
Mercedes-Benz profits plunge as German carmakers reel
Mercedes-Benz said Thursday it planned hefty cost cuts after its 2024 profits plunged by almost a third amid a slump in China and weak electric car sales, as Germany's auto sector reels. German manufacturers all invested heavily in China in recent decades and came to rely on the world's biggest auto market for a hefty chunk of their sales and profits.
Renault revs up profitability in 2024
Renault confirmed on Thursday it defied headwinds in the car industry by boosting revenue and attaining record profitability in 2024 thanks to the success of its new line up of vehicles, although net profit sank as it scaled back its partnership with Nissan. However net profit sank to 800 million euros due to a 1.5-billion-euro loss it booked on the sale of Nissan shares.
Japan's trade minister arranging US trip: reports
Japan's trade minister is arranging a visit to the United States in coming weeks to seek exemptions from President Donald Trump's tariffs, local media said Thursday. Vehicles represented 28 percent of all Japan's exports to the United States last year.
Eyeing China and US, EU hopes clean tech boost will spark growth
How do you solve Europe's lagging economic growth and reverse its industrial decline? Europe's answer to bring its economy back to life is a battery of measures to be announced next week including boosting its clean tech sector and supporting energy-intensive industries by slashing red tape and costs.
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