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.
Economy
Most viewed
Popular
-
FG to train 100,000 construction workers, provide job opportunities nationwide for artisans
-
How the National Single Window transforms Nigerian commerce
-
Inflation rate drops in August as report shows relief for Nigerians
-
Trump concerned S. Korean arrests could 'frighten' investors
-
Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
Economy Latest News
Spain moves to slash working week to 37.5 hours
Spain's minority leftist government on Tuesday approved a plan to reduce the working week to 37.5 hours in one of the world's fastest-growing developed economies. The Socialists committed to reduce the working week from 40 hours to 37.5 hours without any loss of salary by the end of 2025 as part of their 2023 coalition deal with the far-left party Sumar.
Nigeria Customs gets approval to spend N20 billion on CNG vehicles, facilities in remote areas
Nigeria Customs Service is set to spend N20 billion on the purchase of CNG-powered vehicles, and others after receiving approval from the federal government.
Ferrari reports another record-breaking year
Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year. Ferrari had already posted a net profit for 2023, up 34 percent to 1.25 billion euros.
Ordinary Chinese stoic in the face of escalating US trade war
After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war. "The United States has been carrying out some very severe measures and policies against China.
Scottish whisky makers fear return of Trump tariffs
At the end of a wild peninsula battered by winds in west Scotland is a zero-carbon whisky distillery that's bracing for the possible return of US tariffs. Geopolitical trade tensions feel far away from the small Nc'nean distillery, tucked away in Drimnin on the sparsely populated Morvern peninsula, western Scotland.
Private depots crash petrol price by N27 after Dangote's Refinery decision
Major Oil Marketers Association of Nigeria (MOMAN) has revealed that the price of petrol at various depots has been reduced by N27 following Dangote's decision
Rare earths: strategic metals key to future technologies
Rare earths, which President Donald Trump hopes to secure from Ukraine as part of a deal for US aid, are strategic metals essential for industries developing computers, batteries, and cutting-edge energy technology.
Tequila maker Diageo axes sales target on Trump tariffs
Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits. Diageo said the tariffs would hit its tequila portfolio, given it must be made in Mexico, as well as Canadian whisky.
Where things stand in China-US trade tensions
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts. Tariffs of 15 percent will be imposed on imports of coal and liquefied natural gas from the United States.
Economy
Load more