Category: International

OPEC Cuts 2025 Oil Demand Forecast
April 15, 2025 No Responses

OPEC Cuts 2025 Oil Demand Forecast

The Organization of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its Monthly Oil Market Report (MOMR) for April, the Secretariat now...
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Okonjo-Iweala: Tariff War Could Cut US-China Goods Trade By 80%
April 10, 2025 No Responses

Okonjo-Iweala: Tariff War Could Cut US-China Goods Trade By 80%

Director General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump raise...
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Champions League: Arsenal Defeats Real Madrid 3-0
April 9, 2025 No Responses

Champions League: Arsenal Defeats Real Madrid 3-0

Arsenal stormed to a stunning 3-0 win over Champions League holders Real Madrid as Declan Rice’s free-kick masterclass left the Gunners within touching distance of a place in the semi-finals. Rice scored two majestic free kicks in the second half...
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Trump Threatens 50% Tariffs On China
April 8, 2025 No Responses

Trump Threatens 50% Tariffs On China

US President Donald Trump on Monday threatened huge additional tariffs on imports from China if Beijing did not withdraw its retaliation plans, adding that Washington would begin talks with other countries that want negotiations. The fresh action would stack o...
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Nnamdi Azikiwe International Airport Welcomes Inaugural Direct Flight From Algiers
April 7, 2025 No Responses

Nnamdi Azikiwe International Airport Welcomes Inaugural Direct Flight From Algiers

Nnamdi Azikiwe International Airport, Abuja, on Sunday, April 6th, 2025,welcomed the inaugural direct flight from Algiers, operated by Air Algérie.The Boeing 737 (registration: 7T-VJR) landed at 16:05HRS, with dignitaries from the Nigerian Embassy in Algiers ...
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Seplat Energy Joins EITI As Supporting Company
April 4, 2025 No Responses

Seplat Energy Joins EITI As Supporting Company

Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices.  This milestone was recognized on th...
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US Slams 14% Tariff On Nigerian Exports
April 3, 2025 No Responses

US Slams 14% Tariff On Nigerian Exports

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EU, UK Fine Carmakers $600m Over Recycling Cartel
April 2, 2025 No Responses

EU, UK Fine Carmakers $600m Over Recycling Cartel

Antitrust authorities in the EU and Britain on Tuesday fined a cartel involving some of the world’s biggest carmakers about 550 million euros ($594 million) for preventing competition on vehicle recycling.  The European Commission said 15 manufacturers,...
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Shippers’ Council: WACT Tariff Increment Within Industry Benchmark
April 1, 2025 No Responses

Shippers’ Council: WACT Tariff Increment Within Industry Benchmark

The Nigerian Shippers’ Council  (NSC) on Monday, defended the proposed tariff increment by the West Africa Container Terminal (WACT), a subsidiary of APM Terminal. The Onne Port- based terminal operator had given its customers a notice to increase ...
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Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others
April 1, 2025 No Responses

Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others

Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving...
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Nigeria, EU Discuss €1.3b Trade Investments In Nigeria
March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the...
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IMF Appoints Elumelu To Advisory Council On Entrepreneurship,  Growth
March 28, 2025 No Responses

IMF Appoints Elumelu To Advisory Council On Entrepreneurship,  Growth

Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leadi...
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US Imposes 25% Tariffs On Imported Vehicles, Parts
March 27, 2025 No Responses

US Imposes 25% Tariffs On Imported Vehicles, Parts

The United States automakers and their global rivals were rocked on Wednesday by President Donald Trump’s announcement that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States. Trump said the duties an...
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Pope Francis Returns To Vatican
March 24, 2025 No Responses

Pope Francis Returns To Vatican

Pope Francis returned home to the Vatican on Sunday after more than five weeks in hospital with pneumonia, taking time before leaving to thank well-wishers for their support. Looking tired and worn, the 88-year-old Catholic leader waved to a crowd...
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