The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
Economy
Most viewed
Popular
-
25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
-
CBN sends warning to those spraying, hawking naira, advocates clean naira note
-
FG opens registration for free financial training on investing, forex trading, entrepreneurship
-
CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
-
How the National Single Window transforms Nigerian commerce
Economy Latest News
Musk regrets controversial post but won't bow to advertiser 'blackmail'
Elon Musk apologized Wednesday for endorsing a social media post widely seen as anti-Semitic, but accused advertisers who are turning away from his social media platform X of "blackmail" and said anyone who does so can "go fuck yourself." "I'm sorry for that tweet or post," Musk said Wednesday.
US slaps sanctions on crypto mixer used by N.Koreans for laundering
The United States on Wednesday slapped sanctions on a crypto mixer that it said was serving as a money laundering tool for hackers affiliated with the North Korean government. Crypto mixers are software allowing users to obfuscate transactions, and have been used by hackers in attempts to convert crypto into traditional currency.
US Fed finds signs of slowing economic activity
US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation. "On balance, economic activity slowed since the previous report," the Fed announced in its regular survey of US economic conditions, known as the "beige book".
With auto strike over, GM announces big share buybacks
General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion. GM estimated the total cost increase from new labor contracts at $1.5 billion in 2024 compared with the prior contracts.
Ikea net profit surges in 2023 as sales rise
Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday. Ingka accounts for more than 90 percent of Ikea's sales, which totalled 47.6 billion euros in 2023.
Austrian property tycoon's Signa to file for insolvency
Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon. Signa said it would initiate insolvency proceedings at a Vienna court on Wednesday.
UAE to pump CO2 into rock as carbon capture debate rages
High in remote mountains in the oil-rich United Arab Emirates, a new plant will soon take atmospheric CO2 and pump it into rock -- part of controversial attempts to target planet-heating emissions without abandoning fossil fuels. Jaber, the COP28 president and head of ADNOC, has said climate diplomacy should focus on phasing out oil and gas emissions -- not necessarily the fossil fuels themselves.
OECD trims global growth forecast, warns of conflict risk
The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works.
Banking consolidation leads investors to inject N110bn in UBA, First Bank, Zenith, Access, others
The Nigerian government has thrown its full weight behind CBN's plan for commercial banks in Nigeria to raise fresh capital to withstand shocks and stress
Economy
Load more