The Nigerian government has commenced the distribution of ATM cards to millions of Nigerians for cash transfer of N75,000 under various initiatives.
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US Spirit Airlines files for bankruptcy again
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Naira strengthens across FX markets as reserves hit $41.2bn, investors bet big on Nigeria
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Naira gains ground as forex supply rises, external reserves hit $41.2 billion
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US banana giant Chiquita returns to Panama
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Tinubu pledges to tame inflation, strengthen transparency
President Tinubu vows to tackle inflation, boost transparency in governance. UK commends Nigeria's economic reforms, urges continued transparency & accountability
Ikeja Electric, Eko Electric, others report growth in revenues despite decline in billing efficiency
The discos made over half a trillion naira in revenue during the period, although there was no increase in electricity supplied to the customers in those months.
Bulgaria to get final green light to adopt euro in 2026
EU ministers are set to give the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, when the country would become the single currency area's 21st member. - Euro club gets bigger - Only 12 countries were part of the single currency area -- including France, Germany, Italy, Spain, and Greece -- when the first euro bills and coins were rolled out on January 1, 2002.
Major garment producer Bangladesh seeks deal after 35% US tariff
Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday. Trump hit Bangladesh with 37 percent tariffs in an April 2 announcement, but in a letter issued Tuesday, the US leader said it would now be 35 percent.
Most markets rise as Trump sends tariff letters, delays deadline
Most stocks rose Tuesday as traders cautiously welcomed Donald Trump's extension of his tariff deadline and indication he could push it back further, though uncertainty over US trade policy capped gains. While Wall Street's three main indexes ended down -- with the S&P 500 and Nasdaq back from record highs -- Asian markets mostly rose.
FIRS engages stakeholders as Netherlands begins renegotiation to cancel double taxation agreement
The Federal Inland Revenue Service (FIRS) has begun stakeholder engagement on how to double revenue for Nigeria under the newly signed tax laws by Tinubu.
CBN Releases Fresh FX rates for Access, UBA, Zenith as naira strengthens against dollar
The Nigerian currency. the naira has continued to surge against the dollar in the official and parallel markets despite falling crude oil prices and forex reserves.
BRICS criticism brings Trump 10% tariff threat
US President Donald Trump threatened China, India, and some of the world's fastest-emerging economies with higher import tariffs, hitting back at BRICS criticism of his trade policies as the bloc meets Monday. Now he is threatening to impose unilateral levies on trading partners unless they reach "deals" by August 1, with BRICS nations seemingly faced with higher tariffs than planned.
Trump steps up pressure for deals as US tariff deadline nears
Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.
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