The US government is proposing a law to impose a 3.5% tax on remittances to other countries, including Nigeria from the US, which experts say will affect the naira.
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US, China seek to extend trade truce with London talks
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Chinese consumer prices continue to fall as US trade talks loom
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Asian markets rally ahead of latest China-US trade talks
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UK releases new salary requirements for skilled worker visas
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After finding new oil blocs, Niger seeks Dangote Group’s partnership to unlock crude oil potential
FG to boost economic ties with commencement of direct flights between Nigeria and Brazil
Nigeria is set to establish direct air routes with South America and boost economic and diplomatic relations. A delegation from Nigeria is discussing the details.
No signs of US recession, Treasury Secretary says
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
Retailers react as FG reopens some filling stations in border communities, leaves others shut
Since 2019, over 400 filling stations in border communities have been shut down, but the federal government recently lifted the restriction, allowing some to resume.
UK, India strike trade deal amid US tariff blitz
The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats. His Labour government added it is "the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU".
EDF complaint blocks Czech-Korean nuclear deal
A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.
US trade deficit hit fresh record before new Trump tariffs
The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout. The trade gap was the result of a 4.4 percent rise in imports to $419.0 billion, as people rushed to buy goods ahead of the introduction of the widely trailed tariffs.
US Fed starts rate meeting under cloud of tariff uncertainty
The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout. This is a challenging situation for the Fed's rate-setting committee, which began its two-day meeting in Washington at 8:30 am local time (1230 GMT).
FG waives value-added tax on CNG, other energy sources amid N2 billion loss to poor power supply
Nigeria is making her strides to join the rest of the world in the transition to clean energy, and has waived VAT on Compressed Natural Gas (CNG) and others.
Tesla sales fall again in Germany as drivers steer clear of Musk
Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk. Some German Tesla drivers have put "I bought this before Elon went crazy" stickers on their vehicles and the backlash has also taken more forceful forms.
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