The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
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CBN sends warning to those spraying, hawking naira, advocates clean naira note
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25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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India's Modi dangles tax cuts as US tariffs loom
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FG opens registration for free financial training on investing, forex trading, entrepreneurship
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US to target banks that help Russia war in Ukraine
The United States said Friday it will sanction foreign banks that support Russia's war in Ukraine, in a new bid to exert economic pressure on Moscow as it diversifies from the West to China.
After 5 days of gain, the naira weakens against the dollar as CBN speaks on cash scarcity
The naira weakened against the US dollar in the official market to trade at N861/$ as the CBN said bank officials are responsible for cash scarcity.
UK economy shrinks before election year
Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year. "The latest (GDP) data... show the economy performed slightly less well in the last two quarters than our initial estimates," Morgan added.
Dangote Refinery Receives Second One Million Barrels of Crude
Dangote Refinery has commenced of production of refined petroleum products with receipt of an additional one million barrels of bonny light crude supplied by NNPCL.
Asian markets bounce with Wall St as US data fans rate-cut bets
Asian markets pressed ahead with their rally Friday as another round of US data further stoked expectations that the Federal Reserve will cut interest rates more than it has indicated next year.
Japan's hand-forged knives a slice of samurai metallurgy
Blacksmith Yoshihiro Yauji pulls a piece of glowing metal from the forge in a Japanese village, continuing a tradition dating back centuries to when the region was renowned for crafting swords carried by samurai. "Since ancient times, the Japanese sword is said to have been the soul of a samurai, and the knife the soul of a chef." ssy/stu/sco/cwl
Nike shares tumble as it cut costs amid 'softer' outlook
Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period. The sports giant's cost-cutting plan will simplify product offerings, increase automation and institute a "streamling" of the company organization, Nike said in a news release.
White House urges 'serious scrutiny' of US Steel takeover deal
A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. "This is a strongly positive development for American steel, American jobs and America's national security," US Steel added.
US Steel, Nippon Steel seek US security review of takeover deal
US Steel Corp and its potential buyer Nippon Steel of Japan are requesting a federal review of their proposed deal following congressional criticism that the transaction threatens US national security, US Steel said Thursday. "Japan is an important ally to the United States," US Steel said.
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