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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25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
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CBN sends warning to those spraying, hawking naira, advocates clean naira note
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FG opens registration for free financial training on investing, forex trading, entrepreneurship
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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Rebrand of US culture 'fixture' Cracker Barrel sparks backlash
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Channel tunnel strike blocks train travel
A wildcat strike by workers operating the Channel tunnel has blocked train travel between France and Britain since midday Thursday, train operator Eurostar said. The strike at Eurotunnel operator Getlink has blocked Eurostar trains as well as the trains shuttling trucks and cars as the peak holiday travel season gets underway.
Another country overtakes India as Nigeria’s crude oil buyer
India has been displaced by the Netherlands as Nigeria's top crude oil buyer followed by France and India as Nigeria moves to increase its crude oil production.
Angola to quit OPEC over oil production quotas disagreement
Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year. Azevedo told state broadcaster TPA that Angola is unhappy with OPEC's decision last month to further slash production next year in an effort to prop up volatile prices.
Italian MPs vote against reform of eurozone rescue fund
Italy's lower house of parliament, including members of Prime Minister Giorgia Meloni's party, rejected an opposition motion to approve a reform of the eurozone's bailout fund on Thursday. Meloni's post-Fascist Brothers of Italy party voted against the opposition motion on Thursday, as did the far-right League party of Deputy Prime Minister Matteo Salvini.
Benin's president urges renewal of ties with coup-hit Niger
Benin President Patrice Talon on Thursday called for relations to be swiftly re-established between his country and neighbouring Niger, which is now controlled by military rulers after a coup. In his annual address to the nation before parliament, Talon expressed the "wish to see relations between Benin and the countries where coups have happened quickly re-established".
Turkey's central bank delivers smaller rate hike
Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation. This compares to five-point hikes in previous months.
“What we suffered:” How the naira redesign policy threatened Nigeria’s economy
The naira redesign policy of the Central Bank of Nigeria (CBN) threatened the economic survival of many businesses, households, and individuals in Nigeria
FG devises plan to improve purchasing power of Nigerians through access to credits
The federal government is seeking to improve access to credit finance for Nigerian citizens to boost market efficiency and productivity for economic growth.
Argentina's Milei orders major deregulation of economy
Argentina's new leader Javier Milei unveiled Wednesday a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices. Among the changes announced Wednesday are the elimination of a law regulating rent, as well as rules preventing the privatization of state enterprises.
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