HomeBusiness

Business

Nigeria Hit with 14% U.S Import Tariff

Nigeria Hit with 14% U.S Import Tariff The United States President, Donald Trump, has slammed Nigeria's export to U.S with 14 per cent tariff. Trump said the U.S. will implement “reciprocal tariffs” on all countries of “approximately half” of what they charge us". Under the tariff plan,...

Lesotho Leads with 50%, as Trump Slams South Africa with 30% Tariffs

Lesotho Leads with 50%, as Trump Slams South Africa with 30% Tariffs African Countries of Lesotho, Botswana and South Africa have been hit with U.S President Donald Trump's “red hot” import tariff of 50%, 37% and 30 percent respectively. This announcement was made on Wednesday, speech...

NCAA Vows to Suspend Intl Carriers over Deportation of Passengers, Others 

NCAA Vows to Suspend Intl Carriers over Deportation of Passengers, Others  Nigeria Civil Aviation Authority (NCAA) has declared that it will suspend, fine and carry out other regulatory actions against foreign airlines who sell tickets to passengers only to airlift them halfway their destinations and...

FG, UNIDO Partner to Boost Industrial Development with $174.59m

FG, UNIDO Partner to Boost Industrial Development with $174.59m The Federal Government and the United Nations Industrial Development Organisation have signed a $174.59m Programme for Country Partnership agreement to boost Nigeria’s industrial development. According to a press statement by Mrs Julie Osagie-Jacobs, Director of Information and...

FG Launches Algiers-Abuja Flight Operations 

FG Launches Algiers-Abuja Flight Operations  The Ministry of Foreign Affairs on Wednesday announced the launch of Air Algérie’s inaugural direct flight service from Algiers to Abuja, scheduled for April 6, 2025. This marks a step in strengthening the diplomatic and economic ties between Nigeria and Algeria. According...

W’Bank Approves $1.08bn for Education, Nutrition, Economic Boost in Nigeria 

W’Bank Approves $1.08bn for Education, Nutrition, Economic Boost in Nigeria  The World Bank has approved three financing operations totalling $1.08bn to support education, nutrition, and economic resilience in Nigeria. According to a statement on the bank’s website on Wednesday, the concessional loans are aimed at improving...