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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Offshore wind power giant Orsted changes CEO
Denmark's struggling offshore wind power group Orsted said Friday it was replacing its CEO with his deputy as the sector faces an "increasingly challenging situation".
South Korea watchdog to question DeepSeek over user data
South Korea will ask Chinese AI startup DeepSeek to clarify how it manages users' personal information, its data watchdog said Friday, joining a number of countries seeking answers.
CBN says only verified claims will be paid from $7bn Forex backlog
The Central Bank of Nigeria (CBN) has announced that the verification process is complete and only verified claims will be paid. The unverified claims will...
CBN crashes dollars for Customs exchange rate for cargo clearances as naira gains in all markets
The Central Bank of Nigeria (CBN) has adjusted the Customs exchange for the third time in a week following the naira's massive rally in the forex markets.
US newspaper popularized by 'The Sopranos' to cease printing
Two longstanding US city newspapers, including one immortalized in "The Sopranos," will vanish from newsstands leaving Jersey City without printed news as the media struggles against headwinds nationwide. According to the latest report from Northwestern University's Medill School of Journalism, more than one-third of newspapers -- 3,300 in all -- have gone out of print since 2005.
World awaits Trump tariff deadline on Canada, Mexico and China
With less than 24 hours before President Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners -- Canada, Mexico and China -- the global economy is bracing for impact. Trump's commerce secretary nominee Howard Lutnick said Wednesday "there will be no tariff" if Canada and Mexico acted on immigration and fentanyl.
Asian markets mostly rise but worries over tariffs, AI linger,
Most Asian markets edged up Friday at the end of a week beset by volatility after China's DeepSeek unveiled a groundbreaking chatbot, while sentiment was dampened after Donald Trump confirmed he hit Canada and Mexico with hefty tariffs. As such, we view the advancements made by DeepSeek as promising and healthy for the overall ecosystem."
Chipmaker Intel beats revenue expectations amidst Q4 loss
Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution. The company's Client Computing Group, which includes PC chips, saw revenue fall 9 percent to $8 billion in the fourth quarter.
Samsung Electronics posts 129.85% jump in Q4 operating profit
Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. But the company's Q4 operating profit was lower than that of the previous quarter, which stood at 9.18 trillion won.
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