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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Lula warns Maduro as South America nervously eyes Guyana-Venezuela row
Brazilian President Luiz Inacio Lula da Silva urged his counterpart Nicolas Maduro Saturday against escalating Venezuela's border row with neighboring Guyana, as South American leaders nervously monitored the deepening dispute. "Lula emphasized the importance of avoiding unilateral measures that could escalate the situation," the Brazilian presidency said.
Official and black market exchange rates gap closes as naira sets new record
The official market foreign exchange market plunged to its lowest on Friday, November 8, 2023, closing the disparity with the parallel market by N99 per dollar
China sees progress at climate talks as OPEC fights for fossil fuels
China said on Saturday it saw progress in reaching a climate deal at a key United Nations summit in Dubai, despite a last-minute push by the OPEC oil cartel to resist a phase-out of fossil fuels. A third draft deal released on Friday offers various ways to phase out fossil fuels but it also includes the option to not mention them at all in the final text.
Departure of GSK, P&G, others to force 20,000 Nigerians out of jobs
NECA has sounded an alarm over potentially massive job cuts and resultant insecurity in Nigeria as a result of the recent divestment of some foreign companies.
Nigeria loads first crude at huge new Dangote refinery
Nigeria's huge oil refinery built by Africa's richest man Aliko Dangote received its first crude deliveries, the company said on Saturday, in the latest step to starting up the delayed megaproject. Dangote Petroleum Refinery received an initial shipment of one million barrels of crude from Agbami deepwater field and began loading on Friday, the company spokesman said Saturday.
Nearly two years into war, is Russia's economy out of the woods?
As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy? "We have overcome all problems that arose after the sanctions were imposed on us and we have started the next stage of development," Putin announced in October.
Led by Taylor Swift's $1 bn tour, 2023 concerts set new record
Led by Beyonce and Taylor Swift, whose "Eras Tour" was the first to bring in more than $1 billion, ticket revenues from the top 100 concert tours of 2023 jumped to a record $9.17 billion, industry magazine Pollstar said Friday. Swift's tour broke new ground, becoming the first in history to surpass the symbolic $1 billion mark in ticket sales in 60 dates from March to November 2023.
Oil at the root of Guyana-Venezuela border row
The discovery of vast oil deposits is blamed for reigniting a decades-old territorial dispute between Venezuela and Guyana that fast worsened as Guyana started granting licenses to multinationals to exploit crude in waters claimed by both countries. - Can Venezuela issue oil licenses?
Stellantis warns thousands in US of potential job cuts
Stellantis has notified thousands of workers in the US states of Ohio and Michigan of potential layoffs, attributing the move partly to California rules that limit where vehicles can be sold. The European automaker on Thursday notified 2,455 workers in Detroit and 1,225 in Ohio of potential job loss under the federal Warn Act, which requires early notification of major layoffs.
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