The naira continued its decline against the dollar in the official foreign exchange market, concluding the week on a negative note. According to data from the Central Bank of Nigeria, the naira weakened further to N1,567.02 per dollar on Friday, a drop from Thursday’s trading. This represents a daily decrease of N14.49, down from the…
International Monetary Fund (IMF) has raised alarms regarding the new tariffs introduced by the United States, cautioning that they could negatively affect the global economy. On April 2, designated as “Liberation Day” by President Donald Trump, he announced a minimum baseline tariff of 10 percent, along with various reciprocal tariffs. In light of this development,…
By Ajibola Olarinoye The Renewed Hope Ambassadors (RHA), a socio-political pressure group, stated on Thursday that ongoing reforms in Nigeria’s oil and gas sector will establish the country as the top investment destination in Africa. In response to recent developments in the sector, including the leadership transition at the Nigeria National Petroleum Company Limited (NNPCL),…
President Donald Trump has announced that a 14% tariff will be applied to exports from Nigeria to the United States. This decision, revealed during a “Make America Wealthy Again” event in the Rose Garden on Wednesday, is part of a broader strategy to rebalance global trade and address perceived unfair trade practices. The introduction of…
