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Economy

It’s always about the economy, stupid…

Economy

WTO Chief Okonjo-Iweala Warns Trump’s Tariffs Will Shrink Global Trade in 2025

Jackson Kachi | Senior News Editor -
GENEVA, Switzerland - The World Trade Organisation (WTO) has revised its global trade forecast for 2025, predicting a significant decline in global trade, largely...
Economy

Nigeria’s Petrol Still Cheaper Than Other West African Countries – NMDPRA

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has revealed that despite the removal of the petrol subsidy, the estimated...
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...
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