Aluminium prices in the United States have surged to record levels, far exceeding what import levies and transport costs alone would justify. Tight global supplies, combined with tariffs and low domestic inventories, are driving the spike. Used extensively in automotive, aerospace, packaging, and construction industries, aluminium’s rising costs are pushing up manufacturing expenses, squeezing margins, …
The Rivers State chapter of the All Progressives Congress (APC) has rejected moves by the State House of Assembly to impeach Governor Siminalayi Fubara and his deputy, Professor Ngozi Odu, describing the development as untenable and a threat to the stability of the state government. The party cautioned lawmakers against actions capable of plunging the …
Britain is preparing measures to soften the impact of a planned business rates increase on pubs, following warnings from hospitality groups that the tax hike could force closures. Pubs, long central to communities across the UK, sought relief after Finance Minister Rachel Reeves announced changes to business rates—a property tax on commercial premises during her …
Companies worldwide found it harder to do business in 2025 due to declining global cooperation on trade, climate, technology, and security, according to a survey published by the World Economic Forum (WEF) on Thursday. Released ahead of the WEF’s annual Davos gathering, the online poll of 799 executives across 81 economies showed that 43% reported …
Zambia has withdrawn request for a one-year extension of its Extended Credit Facility (ECF) with the International Monetary Fund (IMF), the Fund confirmed on Wednesday with no reason provided for the reversal. The ECF, agreed in 2022, aimed to help Zambia stabilize its finances after defaulting on international debt in 2023. A one-year extension would …
Senegal’s oil production reached 36.1 million barrels in 2025, exceeding initial projections of 30.53 million barrels and the mid-year estimate of 34.7 million, the Ministry of Energy, Oil and Mines reported on Wednesday. Authorities credited the overperformance to well-maintained reservoirs, robust operational performance, and effective well maintenance. READ ALSO: Senegal Unveils Bold Economic Recovery Plan …
The Federal Capital Territory (FCT) Police Command, in collaboration with sister security agencies, has impounded 21 commercial motorcycles and arrested their riders for violating the ban on motorcycle operations along major roads and highways. The enforcement action, conducted today as part of Operation Sweep, saw combined teams of police officers and Vehicle Inspection Officers patrol …
The Federal Competition and Consumer Protection Commission (FCCPC) has listed 521 digital lending companies under its regulatory oversight as Nigeria’s digital credit sector faces stricter enforcement. The January 5, 2026, deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 has now passed. Of the 521 companies, 457 have full …
U.S. President Donald Trump has directed the withdrawal of the country from 66 international organisations, saying they no longer serve American interests. The decision, announced in a White House memorandum on Wednesday, aligns with Trump’s “America First” policy. The list includes 31 United Nations bodies and 35 non-UN organisations, many focused on climate change, global …
Company executives, customs brokers, and trade lawyers are preparing for a potential Supreme Court ruling on the legality of President Donald Trump’s global tariffs, which could trigger a fight over up to $150 billion in refunds for duties already paid. The tariffs, imposed under the International Emergency Economic Powers Act (IEEPA) of 1977, have faced …
