
The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
President Bola Tinubu's request for a fresh $8.6 billion loan will balloon Nigeria's external debt to close to N100 trillion as the current debt stands at N87rn.
Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in London's Heathrow Airport to a French private equity group and Saudi Arabia's sovereign wealth fund.
The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation. The more dovish comments, combined with falling yields and rate expectations has dragged on the dollar, and it extended losses Wednesday.
Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed. Berkshire Hathaway, where Munger served for decades as vice chairman under Buffett, announced it was "advised by members of Charlie Munger's family that he peacefully died this morning at a California hospital."
Ogun State Government, Federal Ministry of Aviation, and other stakeholders are expected to meet for the planned concession of International Airport in ogun states.
The US Federal Reserve is making good progress in its fight against inflation, senior bank officials said Tuesday, while voicing differing opinions on the chances of another interest rate hike.
Panama's Supreme Court on Tuesday declared that a contract allowing a Canadian company to continue operating Central America's biggest copper mine was "unconstitutional." "We have unanimously decided to declare the entire law 406 unconstitutional," said Supreme Court president Maria Eugenia Lopez, referring to the law governing the contract with the Canadian mining firm.
The Federal Executive Council (FEC) has approved $1 billion budget support loan from the Africa Development Bank (AfDB), according to the Minister of Finance.
The host of the 2030 World Expo will be chosen on Tuesday, with Rome in Italy, the Saudi capital Riyadh and South Korea's Busan contending to welcome the showpiece event held every five years. This year's event has been the subject of particularly intense lobbying from Italy, Saudi Arabia and South Korea, whose governments are all keen to have the honour of the 2030 World Expo.
Economy
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