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...

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy.

AfDB Warns of Disaster if US Tariffs Spark Retaliatiry Measures President of the African Development Bank Group (AfDB), Akinwummi Adesina, has warned African countries not to impose retaliatory tariffs against the United States’ Government, as such an action could only bring disaster to their economy. Adesina...