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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Brazil's Lula threatens 'reciprocity' in US steel tariff row
Brazil's President Luis Inacio Lula da Silva on Friday vowed "reciprocity" in response to a 25-percent levy on steel imports announced by US President Donald Trump. He has signed executive orders for 25 percent tariffs on steel and aluminum imports starting March 12.
Russian central bank sharply raises inflation forecast
Russia's central bank sharply raised its inflation forecast for 2025 on Friday, warning there was no sign rocketing price increases would go into reverse. Prices are now expected to go up between seven to eight percent this year, compared with an earlier forecast for 2025 of between 4.5 to five percent, the central bank said in a statement.
US retail sales see biggest drop in nearly two years on harsh weather
US retail sales plunged by the most in almost two years last month as cold weather hit the country alongside wildfires in California, data showed Friday, reflecting broad declines while President Donald Trump returned to office.
Tunisian startup takes on e-waste challenge
Engineer turned social entrepreneur Sabri Cheriha hunches over a washing machine at a small depot in a suburb of Tunisia's capital, the unassuming home of a startup he launched to tackle the country's mounting electronic waste problem.
Valentine’s Day: 12% of Nigerians have budgeted 200k to 500k for gifts and outings
A new survey has revealed details of Nigerians' budget and plans for the 2025 Valentine's Day celebration, with about 12% of Nigerians to spend between 200k and 500k
Bordeaux wine harvest drops to lowest level since 1991
Cold weather, disease and capacity cuts pushed wine production in France's Bordeaux region last year to a low not seen in three-and-a-half decades, the local industry body said Friday. Unfavourable weather, especially episodes of frost, weighed on production, while a high level of rainfall in the spring favoured the spread of disease, notably mildew.
CBN releases contact to report banks as it plans new N100 charge for N20,000 transaction
The newly published regulation on ATM transaction fees, which is scheduled to take effect on March 1, 2025, has been further clarified by the CBN.
Alibaba shares soar on reports of potential Xi meeting with Jack Ma
Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut's co-founder Jack Ma. Alibaba, which has already surged more than 40 percent in 2025, piled on 6.3 percent after also being given an extra leg-up Thursday when its chairman said it would supply AI technology to power Apple's iPhones in China.
Japan to release emergency rice reserves to fight runaway inflation
The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a "megaquake" warning nearly doubled prices over a year. To prevent the distorting effect, the government is required to buy back the same amount of rice it released within a year.
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