Asia-Pacific Markets Mixed as Investors React to U.S. Tariff Postponement and Global Economic Signals
Asia-Pacific markets showed a mixed performance on Tuesday as investors digested the implications of U.S. President Donald Trump’s decision to…
Category: Trade
Nigeria Strengthens Strategic Ties with China to Boost Industrialisation
The Federal Government of Nigeria has reiterated its strong commitment to deepening its strategic partnership with China, emphasizing that the…
Tinubu at Two: Between Painful Reforms and Hopes of Economic Revival
In his first two years in office, President Bola Tinubu has embarked on a sweeping wave of economic reforms aimed…
Foreign trade payment rises to $267.96m – CBN
Nigeria’s foreign trade payments through Letters of Credit (LCs) increased by 3.68 percent year-on-year to $267.96 million in the first…
Cardoso: Stronger Naira Set to Boost Nigeria’s Non-Oil Exports and Attract Investment
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that recent monetary reforms have made the…
Japan’s Super-Long Bond Yields Hit Record Highs Amid Fears Over Weak Demand and BOJ Policy Shift
Yields on Japan’s super-long government bonds surged to historic highs on Tuesday, fueled by investor concerns over weak demand following…
Cornelius Renews Push for Canada-Nigeria Investment Pact Ratification Ahead of 2025 Fintech Summit
Pan-African economic strategist and faith leader Cornelius Olajide Babalola has issued a renewed call for the final ratification of the…
Landmark achievements in health, trade under Governor Bisi Onabanjo (1979–1983): Timothy Odeyemi’s role
During Nigeria’s Second Republic, the government of Chief Victor Olabisi “Bisi” Onabanjo (1979–1983) marked a transformative era in Ogun State’s…
Trump Heads to Gulf With Bold Agenda: Oil, AI, Trade, and Nuclear Talks in Focus
President Donald Trump is heading to the Gulf for a high-stakes diplomatic visit, making stops in Saudi Arabia, the UAE,…
US-China Agree to Slash Tariffs in Breakthrough Deal, Easing Global Economic Fears
In a major development, the United States and China have agreed to cut tariffs to a 10% baseline for 90…
Autos Drive European Markets Up as Trump Hints at Tariff Relief
European markets opened on a strong note Tuesday, with the Stoxx 600 up over 1.2% by mid-morning, powered by a…
Trump’s Escalating Trade War with China Poses High Stakes for U.S. Economy
President Donald Trump’s trade war with China has reached a critical juncture, as rising tariffs threaten to push the U.S.…
Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility
Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and…
Japan’s Stocks Drop Amid Trade War Tensions as U.S.-China Relations Sour
Asian markets experienced mixed trading on Friday, with Japan’s Nikkei 225 falling nearly 3% amid escalating trade war tensions between…
Xi Jinping Breaks Silence on U.S. Trade War: “China Is Not Afraid”
In his first public statement since tensions reignited between the United States and China, President Xi Jinping declared that China…
Trump’s 14% Tariff Imposes Risks on N323.96bn Nigerian Non-Oil Exports to the US
US President Donald Trump’s newly implemented Universal Baseline Tariff, announced on April 2, 2025, has placed a significant portion of…
African Trade Ministers to Convene on April 14 to Address Impact of U.S. Tariffs
African trade ministers will meet on April 14, 2025, to discuss the potential impact of new tariffs imposed by the…
Nigeria’s exports to ECOWAS hit N1.5tn – NBS
Nigeria’s exports to the Economic Community of West African States (ECOWAS) surged to N1.54 trillion in the third quarter of…
Nigeria Needs Robust Policies To Boost Foreign Trade – Analysts
Analysts have urged Nigeria’s fiscal and monetary authorities to adopt strategic policies aimed at enhancing domestic production and reducing reliance…
CBN Implements $100,000 Minimum Trade for Banks in FX Market
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange trading through the Electronic Foreign Exchange…
Nigeria’s Used Car Imports Drop by 83% Due to New Tax
Nigeria’s spending on used vehiclears, fell significantly by 83% in the first half of 2024 compared to the same period…
Equity market halts gaining streak with N267bn loss
On Thursday, the Nigerian Exchange faced a setback, losing N267 billion and ending its three-day rally. This drop was mainly…
$3.5bn business deals sealed at Indonesia-Africa Forum 2024
The 2nd Indonesia-Africa Forum held in Bali, Indonesia, resulted in the signing of 32 business partnership deals worth over $3.5…
Firm, UKAid, others plan yam exports
Evolvecrest Global Company Limited, in collaboration with UK Aid and South West Nigerian state governments, has launched a multi-million naira…
Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
Ivory Coast has become Nigeria’s largest trade partner in Africa by importing N2.05 trillion worth of crude oil in the…
Nigeria, China sign $3.3 billion deal for brass industrial park
Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex in Bayelsa…
Japaul Gold & VenturesLists N20bn Worth of Shares on NGX
Japaul Gold & Ventures Plc has received approval from the Securities & Exchange Commission (SEC) for a special placement of…
WazirX hacker moves $6.5 million in Ethereum to under fire mixer Tornado Cash
India’s largest cryptocurrency exchange, WazirX, has suffered a devastating security breach, resulting in the theft of $235 million in crypto…
Nigeria, Belgium deepen bilateral ties
The Nigerian Ports Authority (NPA) and the Kingdom of Belgium have agreed to strengthen their bilateral relationship to boost efficiency…
Naira closes at 1,596.60/$ as dollar liquidity declines
The naira closed at N1,596.60 per dollar on Monday, marking a 1.66% depreciation from Friday’s rate of N1,570.14 at the…