The Federal Government has declared Nigeria fully ready to trade under the preferential terms of the African Continental Free Trade Area (AfCFTA) Agreement. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the country has met all key requirements under the agreement. She confirmed that Nigeria has gazetted the legal instruments covering trade in …
The U.S. Federal Reserve is expected to announce another quarter-point interest rate cut this week, its second this year as policymakers move to cushion a slowing labour market and maintain economic stability. Analysts predict the rate reduction will bring the federal funds rate to between 3.75% and 4.00%, with more cuts likely in December or …
America’s small businesses are bracing for a rough patch. According to new data released by the National Federation of Independent Business (NFIB), confidence among U.S. small business owners fell sharply in September, as inflation worries, tariff pressures, and growing policy uncertainty weighed heavily on Main Street. The NFIB Small Business Optimism Index dropped 2.0 points …
President Donald Trump on Thursday unveiled a sweeping round of new tariffs targeting key imports, including branded pharmaceuticals, heavy-duty trucks, and furniture, in what he described as a move to safeguard U.S. manufacturing and national security. The measures, announced on Trump’s Truth Social handle, include a 100% duty on branded drugs, 25% on heavy-duty trucks, …
The Federal Government has ordered the immediate suspension of the four per cent Free on Board (FOB) charge earlier imposed by the Nigeria Customs Service (NCS) on all imported goods. The directive, issued by the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, was contained in a letter addressed to the Comptroller-General …
By Esther Ososanya Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips, a U.S. official said on Sunday, in an unusual move likely to unsettle U.S. companies. U.S. President Donald Trump's administration halted sales of H2O chips to China in April, but Nvidia …
By Esther Ososanya The U.S. Federal Reserve may be forced to delay cutting interest rates until at least October after fresh inflation data revealed that tariff-driven price increases are reigniting consumer costs across multiple sectors, complicating the central bank’s battle to restore price stability. The Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation …
