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US Hits Nigeria with 15% Import Tariff in Revised Trade Policy

US Hits Nigeria with 15% Import Tariff in Revised Trade Policy Nigeria and a raft of African countries have been hit with a 15 percent import tariff following a sweeping executive order from United States President Donald Trump. The White House announced the modified reciprocal tariff...

FEC Approves N145bn Electrification Projects for ABU, OAU, Others

The Federal Executive Council (FEC) on Thursday approved ₦145 billion for electrification projects in eight federal universities and one teaching hospital.

FG, WCO to Train Three million Exporters on AfCFTA Rules

The Federal Government, in preparation to take advantage of the African Continental Free Trade Area (AfCFTA) agreement, has partnered with the World Customs Organization (WCO.

Forex Traders Attribute Naira Gains to Dollar Surplus, Enhanced Security

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

NCAA to Airlines: Pay Compensation for Delayed Baggage or Face Sanction

The Nigerian Civil Aviation Authority (NCAA) has issued a strong warning to both local and international airlines operating in the country.

Power Minister Reveals What 4trn GenCos Debt Means for Nigeria

The Minister of Power, Adebayo Adelabu, has warned that Nigeria’s power sector could face imminent collapse if urgent liquidity support is not provided to offset the N4tn debt owed to power generation companies.