The newly introduced National Single Window has been touted as a -means to eliminate a lot of bureaucracy and consolidate all trade-related processes.
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Luxury carmaker Lotus to slash UK jobs amid US tariffs
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Naira strengthens as FX reserves hit $41.2bn: Fresh dollar inflows boost confidence
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Meet 10 African countries with the lowest debt to IMF in 2025, Nigeria missing
Economy Latest News
British economy stalls in third quarter
Britain's economy stagnated in the third quarter, official data showed Friday, weighed down by elevated inflation and interest-rate hikes. The data comes one week after the Bank of England froze interest rates at a 15-year high of 5.25 percent to tackle high inflation, and forecast the economy would flatline next year.
Bangladesh PM rejects further pay hike after garment worker protests
Bangladesh's Prime Minister Sheikh Hasina has rejected any further pay hikes for protesting garment workers demanding a nearly tripled wage increase, after violent clashes with police and factories were ransacked. The protests have left at least three workers dead and more than 70 factories ransacked since last week, according to police.
Building coal-fired power plants 'irresponsible': US climate envoy
Building and funding coal power plants is "irresponsible," US climate envoy John Kerry said Friday, calling "greed" the biggest impediment to climate action. Speaking in Singapore, the former US chief diplomat said it was now "irresponsible to be funding or building a coal-fired power plant anywhere in the world."
Equities in retreat as Powell warns rate hikes still on table
Asian stocks sank Friday and the dollar held gains after Federal Reserve boss Jerome Powell warned he "will not hesitate" to hike interest rates further in his quest to bring inflation to heel. The dollar rallied against its key peers after the remarks, and it held those in Asia on Friday.
NWSL 'celebrates' landmark media rights deal
The National Women's Soccer League announced an historic new media rights deal on Thursday worth $240 million over four years in partnership with multiple media outlets.
Biden revs up union support against Trump
US President Joe Biden donned the signature red T-shirt of America's biggest car workers union and lashed out at Donald Trump Thursday as he tried to fire up their support for his 2024 reelection bid. A long-term union supporter who became the first US president to visit a picket line in Michigan in September, Biden appeared to relish UAW's backing on Thursday.
Hollywood celebrates strike end as actors get back to work
Hollywood celebrated Thursday after actors agreed to end a crippling months-long strike, kicking off a race to get the cameras rolling and salvage next year's movies and television shows. The deal comes just in time for studios to finish movies still pencilled in for next summer's blockbuster season, and some television shows can even be completed in time for spring.
US Fed could hike rates again if 'appropriate': Powell
The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two-percent target, Fed Chair Jerome Powell said Thursday. "We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes," Powell told a conference in Washington in prepared remarks.
US, China finance chiefs open talks with eye on curbing tensions
US Treasury Secretary Janet Yellen opened talks Thursday with Chinese counterpart He Lifeng ahead of a key Asia-Pacific leaders' summit, seeking to limit tensions despite looming national security concerns.
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