China said Monday it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up. "China firmly rejects these unreasonable accusations," its commerce ministry said in a statement.
Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank. Powell has said he has no plans to step down early, adding this week that he considers the bank's independence over monetary policy to be a "matter of law."
The Aliko Dangote Foundation has extended its N16 billion food programme to the Federal Capital Territory, Abuja and Kogi State to ease the standard of living.
The World Bank and the Nigerian government are planning another $17 billion loan for poverty reduction through various social investment programmes.
Amid calls to offset N4 trillion electricity debt, the FG has shared the payment plan. Minister of Power Adelabu insists that a tariff review must happen soon.
With many Nigerians still lamenting lost investments in the recent CBEX collapse, the CBN has ordered banks and fintech to do tighten their compliance framework.
NNPC’s newly appointed GCEO, Bayo Ojulari, shares ambitious plans to increase Nigeria’s crude oil production to 3mbpd and attract $60 billion investments by 2030.
The Google Startup Accelerator Africa programme is an annual programme for startups across Africa. It exposes them to trainings, resources and tools.
Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week -- with some fearing business may never return. "It's a new round in the trade war," Andy Lin, the firm's business development manager, told AFP at one of its factories in nearby Zhongshan.
The facility was constructed in a record 22 weeks and was ready for operations by the end of 2024. Many new jobs are expected to up in the coming months.
Economy
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