It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
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Trump says will 'take a look' at deporting Musk
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CBN boosts dollar supply, naira strengthens in official and parallel markets
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FG partners billionaire's firm to distribute 5 million LPG cylinders as cooking gas prices crash
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UK govt faces major rebellion in welfare vote
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FG invites Nigerians to apply for N50k for their business, releases link
Economy Latest News
US Fed Chair warns of 'tension' between employment, inflation goals
Tariffs are likely to push up prices and could put the US Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the bank's chair said Wednesday. Most economists have warned that tariffs will push up prices -- at least temporarily -- while acting as a drag on growth.
Trump touts trade talks, China calls out tariff 'blackmail'
US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy. The multiple negotiations the Trump administration says are underway are running parallel to a full trade war against top US economic rival China.
TikTok tests letting users add informative 'Footnotes'
TikTok on Wednesday said it is testing a feature that would let people add "Footnotes" providing informative context to videos that might be misleading. "Footnotes will draw on the collective knowledge of the TikTok community by allowing people to add relevant information to content on our platform," Presser said.
Global uncertainty will 'certainly' hit growth: World Bank president
The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.
The Trump adviser who wants to rewrite the global financial system
One of the architects of US President Donald Trump's tariff blitz has advocated a shake-up of the global trade and financial systems, centred on a radical strategy to weaken the dollar. - 'Mar-a-Lago Accord' - For Miran, tariffs and moving away from a strong dollar could have "the broadest ramifications of any policies in decades, fundamentally reshaping the global trade and financial systems".
Warning: Adulterated palm oil enters markets, dealer shares tips to recognise them
NAFDAC confirms that adulterated palm oil samples with high acid and carcinogenic elements are now in six Nigerian states. Learn how to identify them.
Canada central bank holds interest rate steady amid tariffs chaos
The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs. "The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations," the central bank said in a statement.
Haulage costs crash by over 60% at Apapa, Tin-can ports, Operators give reasons
Haulage costs at Lagos seaports have dropped by over 60% in just one week. Truckers and cargo operators have different explanations for this price drop.
Global trade uncertainty could have 'severe negative consequences': WTO chief
Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.
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