Vice President Kashim Shettima has restated the Federal Government’s determination to place micro, small, and medium enterprises (MSMEs) at the heart of Nigeria’s economic renewal agenda. He described MSMEs as the “lifeblood of the nation’s economy,” constituting about 80 per cent of businesses in the country. Shettima stated this while delivering his remarks at the …
The United States expects to seal trade deals with more Southeast Asian countries in the coming months, U.S. Trade Representative Jamieson Greer said Wednesday during a meeting with regional counterparts in Kuala Lumpur. Greer told economic ministers from the 10-member Association of Southeast Asian Nations (ASEAN) that negotiations on tariff rates are progressing, with some …
Global stocks fell on Wednesday as the dollar strengthened, following Federal Reserve Chair Jerome Powell’s cautious remarks on U.S. interest rates. Powell avoided committing to the sharp rate cuts investors expect in the coming months, dampening market sentiment. Traders still see a 92% chance of an October cut, according to CME FedWatch, but Powell stressed …
The National Pension Commission (PenCom) has introduced fresh guidelines on foreign currency (FCY) pension contributions, creating new opportunities for Nigerians at home and abroad under the Contributory Pension Scheme (CPS). Announcing the initiative in Abuja on Wednesday, PenCom’s Director-General, Omolola Oloworaran, described it as part of the ongoing “Pension Revolution 2.0” aimed at raising standards …
The Dutch government has agreed to sell a 46 per cent stake in TenneT’s German subsidiary to a consortium of global investors for up to €9.5 billion ($11.3 billion), marking a major step in its long-planned divestment of the power grid operator. The stake will go to Dutch pension fund manager APG, Norway’s Norges Bank, …
China has accelerated purchases of Argentine soybeans, booking about 20 cargoes, or 1.3 million tons, since Buenos Aires scrapped export taxes earlier this week, traders said on Wednesday. The surge makes Argentine beans more competitive and continues to erode U.S. market share, already hit by tariffs from the ongoing U.S.-China trade war. Most of the …
New Zealand has appointed Swedish economist Anna Breman as the next Governor of the Reserve Bank of New Zealand (RBNZ), marking a historic first for the country. She will assume office on December 1, 2025, becoming both the first woman and the first foreign national to lead the bank in its modern history. Finance Minister …
The U.S. cryptocurrency market is bracing for a surge of new exchange-traded funds (ETFs) after regulators streamlined approval standards, reducing hurdles for issuers. The U.S. Securities and Exchange Commission (SEC) last week approved new listing standards that allow crypto ETFs meeting predetermined requirements to launch without lengthy, case-by-case reviews. Approval timelines have decreased to as …
The Federal Road Safety Corps (FRSC) will establish a world-class trauma centre to treat road crash victims and support their families. Corps Marshal Shehu Mohammed announced the plan in Abuja during a briefing ahead of the International Road Crash Victims Africa Conference (IRCVAC), set for November. He said the project will run through a …
The Federal Inland Revenue Service (FIRS) has defended the federal government’s borrowing framework, describing debt as a legitimate component of every national budget. FIRS Chairman Zacch Adedeji stated this on Tuesday while addressing journalists during the Meet-the-Press series organised by the Presidential Communications Team at the Presidential Villa, Abuja. He explained that federal revenue collection …
