By Rafiyat Sadiq President Donald Trump has announced a 90-day extension to the current trade arrangement with Mexico, delaying the imposition of steep new tariffs. The announcement came on his social media platform, Truth Social, following talks with Mexican President Claudia Sheinbaum. Under the proposed terms, the revised agreement includes a 25% tariff on fentanyl-related …
By Esther Ososanya The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has issued a cautionary appeal to the Dangote Refinery, urging the industrial giant to reconsider its entry into direct fuel distribution, which the association says poses a significant risk to the survival of thousands of small and medium-scale oil marketers across Nigeria. …
Seplat Energy Plc, Nigeria’s leading independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its unaudited results for the first half of 2025, posting impressive growth across revenue, production, and profitability. The company recorded revenue of ₦2.167 trillion for the six months ended June 30, 2025, a significant …
The Securities and Exchange Commission (SEC) has declared invalid the purported Annual General Meeting (AGM) of The Tourist Company of Nigeria (TCN) Plc, reportedly held on July 25, 2025, stating that all resolutions passed during the meeting are null and void. In a public notice, the Commission criticised actions taken by certain majority shareholders who …
By Esther Ososanya The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned traders across Lagos State against arbitrary price hikes and the sale of expired or substandard products. The warning was issued during a market engagement forum organised by the commission in Lagos. Mr Tunji Bello, the FCCPC Executive Vice Chairman and Chief Executive …
By Esther Ososanya U.S. President Donald Trump on Wednesday imposed a 25% tariff on all goods imported from India, effective August 1, citing the country’s “unfair trade barriers” and continued defence and energy ties with Russia. The announcement was made via a post on Trump’s Truth Social account, where he also warned of an additional, …
By Esther Ososanya President Donald Trump has renewed pressure on the Federal Reserve to slash interest rates following a stronger-than-expected 3% growth in U.S. GDP for the second quarter. “2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! ‘Too Late’ MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!” Trump …
By Esther Ososanya A powerful 8.8-magnitude earthquake off Russia’s Kamchatka Peninsula sent tsunami waves sweeping across the Pacific on Wednesday, disrupting maritime trade, halting port operations, and triggering emergency alerts as far as Hawaii, Japan, and California. The quake, the region’s strongest since 1952, rattled global logistics chains already grappling with inflation and fuel volatility. …
By Esther Ososanya Former Nigerian Head of State, Gen. Yakubu Gowon (Rtd), has urged African leaders to place affordable housing at the centre of their national development plans. He warned that the shortage of decent homes is weakening progress in health, education, and economic growth across the continent. Prof. Suleiman Bogoro, former Executive Secretary of …
By Esther Ososanya The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Dr Olufemi Ogunyemi, receives a U.S. Congressional Commendation for transparency and economic reform. The commendation jointly presented by South Carolina Representative Rosalyn Henderson-Myers and Georgia Representative Dee Dawkins-Haigler comes as international recognition of Nigeria’s ongoing transformation of its Free Trade Zones (FTZs) …
