U.S. 15% Tariff on Nigerian Goods Takes Effect Thursday, Threatening $12bn Exports The United States will begin enforcing a new 15% tariff on Nigerian exports next week Thursday, a move expected to hit the country’s oil-dependent economy and strain its trade ties with Washington. President Donald...

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...

President Donald Trump has announced that Nigeria will be among countries facing an additional 10% tariff for aligning with what he described as the “anti-American policies of BRICS.”

Senior diplomats from BRICS countries will meet on Monday in Brazil to present a united front in the face of threats emerging from US President Donald Trump's aggressive trade policies.

The Central Bank of Nigeria (CBN) has taken decisive steps to cushion the impact on the country’s foreign exchange (FX) market, amid growing concerns over naira depreciation and macroeconomic instability.

'US Tariff May Slow Nigeria’s Economic Growth Prospects'   Nigeria’s economic growth prospects in 2025 face a potential slowdown due to a newly imposed 14 per cent reciprocal tariff by the United States on Nigerian imports. This was indicated in the latest ‘Nigeria Economic Outlook – April...