China’s exports of rare earth magnets fell 6.1% in September, sparking renewed concerns that Beijing may again use its dominance in critical minerals as leverage in trade talks with the United States. Customs data showed shipments dropped to 5,774 tonnes from 6,146 tonnes in August, ending three consecutive months of growth and coming just before …
Global companies have incurred more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, though many are now scaling back earlier forecasts as new trade deals ease exposure to President Donald Trump’s levies. Trump’s trade war has driven tariffs to their highest levels since the 1930s, but recent bilateral agreements with the …
The U.S. Federal Reserve is preparing for its next policy meeting under an unusual cloud of uncertainty, with the ongoing government shutdown halting key economic data releases and leaving policymakers without a clear picture of the economy’s health. Official employment figures have not been published since the shutdown began on October 1, while limited private …
The National Drug Law Enforcement Agency (NDLEA) has dealt a major blow to drug traffickers, intercepting multiple consignments of illicit substances concealed in frozen snails, electrical bulbs, and female clothing. The shipments were destined for the United States, United Kingdom, and Democratic Republic of Congo. NDLEA confirmed the seizures and arrests through an official press …
The National Orientation Agency (NOA) has released official guidelines on the correct rendition and recitation of Nigeria’s national anthem and pledge at public and official events across the country. In a public notice shared on its official X (formerly Twitter) handle on Friday, the agency urged Nigerians to “kindly take note of the correct protocol …
Nigeria’s Super Eagles have climbed four places to 41st position in the latest FIFA men’s world ranking, moving back into Africa’s top five. The new FIFA rankings, released on Friday, marked a significant improvement for Nigeria's Super Eagles, which have climbed from 45th to 41st. The three-time African champions also moved ahead of Ivory Coast, now …
The United Bank for Africa (UBA) Plc has unveiled a new white paper focused on driving sustainable growth and economic transformation across the continent with a target to unlock $4 trillion of domestic capital, among others. The document, 'Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,' was unveiled on the sidelines of …
To address funding gaps for the over 40 million small businesses, the Securities and Exchange Commission (SEC) said it has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to improve access to long-term financing for small and medium enterprises (SMEs) through the Nigerian capital market. The …
Award-winning investigative journalist and Editor-in-Chief/COO of Premium Times, Musikilu Mojeed, has said that “great content is the key to survival in the media business.” He stated this during a lively panel session at Pinnacle Daily’s flagship lunch held in Abuja today. The event, themed “The Economics of Media Business: Understanding Revenue Models and Profitability”, explored …
Nigeria's leaders remain focused on macroeconomic stability, fiscal discipline, and a strong growth trajectory as the nation prepares for a 7% GDP growth target by 2027. The Nigeria Investors Forum, held on the sidelines of the IMF-World Bank 2025 Annual Meetings in Washington, DC, offered a key opportunity for Nigeria’s officials to update investors on …
