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CATEGORY

Economy

It’s always about the economy, stupid…

Business

Dele Alake: US Tariffs Could Be a Blessing in Disguise for African Economies

Jackson Kachi | Senior News Editor -
ABU DHABI, UAE - Dele Alake, Nigeria's Minister of Solid Minerals Development, has suggested that the recent wave of tariffs introduced by the United...
Business

Elumelu Reveals Nigerian Government Owes Transcorp N600 Billion

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - Tony Elumelu, the chairman of Transcorp Group, has disclosed that the Nigerian government owes his company over N600 billion for electricity...
Economy

Dangote Refinery Cuts Ex-Depot Petrol Price to N867 Per Litre

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria — Dangote Petroleum Refinery and Petrochemicals has reduced its ex-depot loading cost of petrol from N880 to N867 per litre, a move...
Economy

EU Approves Retaliatory Tariffs on US Imports Amid Ongoing Trade Tensions

Jackson Kachi | Senior News Editor -
BRUSSELS — The European Union has taken a significant step in its trade dispute with the United States, approving the first phase of retaliatory...
Business

Dangote, NNPCL Officials Meet as Nigeria Pushes Ahead With Naira-for-Crude Oil Transactions

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Nigerian federal government has confirmed that the naira-for-crude oil deal will continue, following the conclusion of its first phase on...
Economy

Nigeria Faces Fiscal Crisis as Crude Oil Price Drops to $59 Per Barrel

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Crude oil prices have plummeted to $59 per barrel, marking the first time since February 2021 that prices have dipped this...
Economy

China Escalates Global Trade War with Retaliatory 84% Tariff on US Goods

Jackson Kachi | Senior News Editor -
BEIJING, China — In a direct response to U.S. President Donald Trump’s sweeping tariffs, China has announced it will impose an 84% tariff on...
Business

Donald Trump Slams China With 104% Tariffs as US Stocks Continue to Sink

Jackson Kachi | Senior News Editor -
WASHINGTON D.C, USA — In a significant escalation of his trade war, President Donald Trump's administration announced on Tuesday, April 8, 2025, that it...
Economy

China Hits Back With 34% Tariffs on U.S. Goods, Escalating Global Trade War

Manny Akpan | Business & Economy Editor -
BEIJING, China - China announced on Friday it will impose sweeping 34% tariffs on all imports from the United States starting April 10, in...
Business

Global Market Reels as Trump’s Tariffs Trigger $6 Trillion Wipeout

Jackson Kachi | Senior News Editor -
WASHINGTON D.C, USA - United States President Donald Trump has brushed off the turmoil caused by his sweeping tariffs, calling the measures “medicine” for...
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