Trump Drops Tariffs for 90 Days, Hits China Harder with 125% U.S. President Donald Trump has announced a 90-day pause on his sweeping tariffs targeting dozens of countries only days after they took effect. But the truce doesn’t extend to China. Instead, Trump raised duties on...

Nigeria's Payment Surplus Balance Hits $6.83bn - CBN The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. The BOP measures the country’s financial transactions with the rest of the world and how the...

FG, Chinese Firm Sign $328.8m Electricity Transmission Deal  The Federal Government on Wednesday signed a $328.8m contract with Chinese firm China Machinery Engineering Corporation to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative. The pact was for engineering, procurement,...

Nigeria’s Fuel Price Cheapest in West Africa, 13th Globally - Report A report has shown that Nigeria has the cheapest petrol price in West Africa and the 13th in the world. According to globalpetrolprices.com, the price of a litre of petrol in Nigeria is far below...

FEC Directs Full Implementation of Naira-for-Crude Deal, Projects Cut in Fuel Price The Federal Executive Council, on Wednesday, directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. It said the initiative with local refineries is not a temporary measure but a “key policy...

FG Vows to Continue Naira-for-Crude Deal The Federal Government has confirmed that crude and refined product sales in Naira initiative will continue as a national policy. This assurance was contained in the official X (formerly Twitter) handle of the Federal Ministry of Finance on Wednesday morning...