The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
Economy
Most viewed
Popular
-
FG opens registration for free financial training on investing, forex trading, entrepreneurship
-
Petrol prices fall, NBS shows 10 cheapest states to buy fuel
-
FG invites Nigerians to apply for N50k for their business, releases link
-
CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
-
25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
Economy Latest News
Trump to name hedge fund manager Scott Bessent as Treasury chief: US media
US President-elect Donald Trump is expected to pick billionaire Scott Bessent as his Treasury secretary, media outlets reported Friday, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
Amazon invests another $4 bn in AI firm Anthropic
Amazon is doubling its investment in Anthropic to $8 billion in a deepened collaboration on artificial intelligence, the companies said Friday. Amazon is investing the additional $4 billion in Anthropic as part of an expanded alliance that includes working together on "Trainium" hardware to optimize machine learning, according to the companies.
Court grants Chinese firm right to seize another Nigerian asset worth $25 million in another country
Zhongshan Fucheng has obtained a court order to seize Nigeria's assets in the British Virgin Islands worth $25 million as Nigeria battles vacate the order.
Russian ruble hits lowest level against dollar since March 2022
The Russian ruble slumped on Friday to its lowest level against the US dollar since March 2022, a day after Moscow fired a hypersonic missile on Ukraine and Washington sanctioned a key Russian bank. The latest lurch lower came hours after Russian President Vladimir Putin said Moscow had fired a new generation hypersonic missile at Ukraine.
Investors seek 750 mn euros in damages over Wirecard collapse
A lawsuit by Wirecard investors claiming 750 million euros ($780 million) in compensation over the German payment company's collapse in a 2020 fraud scandal had its first hearing on Friday. Some 8,500 investors are hoping to rake back some of the money they lost when it was revealed Wirecard had a two-billion-euro hole in its accounts.
Naira depreciates by N38/dollar despite increase in FX market turnover
According to the FMDQ Exchange, the naira depreciated against the dollar in October 2024 as the forex market remained volatile during the period of time.
Spain fines 'abusive' budget airlines 179 mn euros
Spain's leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million) for "abusive practices" such as charging passengers for hand luggage. Irish no-frills carrier Ryanair, which was the first to start charging extra for hand luggage in November 2018, was slapped with the biggest fine of 107.8 million euros.
Naira finally recovers against dollar as traders quote new rates in official window
The Nigerian naira has bounced back after several days of depreciation in the official and parallel markets. It traded at N1,658.99/$ on Thursday, November 21, 2024
German GDP downgraded in new blow for struggling economy
German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds. The growth data laid bare how far Germany is lagging behind other major economies.
Economy
Load more