Oil Prices Jump After Iranian General Killed By US

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...
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Trump Becomes Third President To Be Impeached

Trump Becomes Third President To Be Impeached

Trump is impeached, becoming third US president to face Senate trial Donald Trump has become the third US president in history to be impeached by the House of Representatives, setting up a trial in the Senate that will decide whether...
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U.S-Nigeria Trade Council Faults $3b Power Sector Loan

U.S-Nigeria Trade Council Faults $3b Power Sector Loan

The U.S.-Nigeria Trade Council has advised the Federal Government to stop taking fresh loans, pointing out that the country “can’t afford it any longer”.  Reacting to the proposed $3billion power sector loan from the World Bank, the council explaine...
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WFE Explains Proposal On Registration, Alternative Compliance For Non-U.S. Derivatives

WFE Explains Proposal On Registration, Alternative Compliance For Non-U.S. Derivatives

The World Federation of Exchanges (WFE) has published a letter to the Commodity Futures Trading Commission (CFTC) concerning two proposals that stand to impact the supervision of non-US central counterparties (CCPs) – namely, its Proposal on the Registration...
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Nigeria Reduces Visa Fee For US Citizens

Nigeria Reduces Visa Fee For US Citizens

The Interior Minister, Ogbeni Rauf Aregbesola, has approved reduction in Visa charges payable by U.S. citizens in line with reciprocity policy as recommended by a committee set up to conduct due diligence. The minister, who announced this in a statement...
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Osinbajo Leaves For United States

Osinbajo Leaves For United States

Vice President Yemi Osinbajo will be visiting the United States where he will be meeting with his US counterpart, Mr. Mike Pence, and other key groups and interests in the country. Ahead of his meeting with the US Vice President...
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Ford Sacks 7,000 Workers

Ford Sacks 7,000 Workers

The management of Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs. Under the arrangement, the company will reduce Ford’s salaried workforce by 10% and will be made through...
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US Imports Hit Two Million Containers In One Month

US Imports Hit Two Million Containers In One Month

Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from...
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US Postpones Deportation Of Deaf Nigerian Immigrant

US Postpones Deportation Of Deaf Nigerian Immigrant

 The United States immigration officials have postponed the deportation of a deaf immigrant from Nigeria in the U.S. illegally. The Detroit Free Press reports that 48-year-old Francis Anwana and his attorneys met with Immigration and Customs Enforcement offic...
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Buhari Mourns Kofi Annan

Buhari Mourns Kofi Annan

President Muhammadu Buhari has commiserated with the government and people of Ghana over the passing of former UN Secretary General, Kofi Annan, in the early hours of Aug. 18. A statement issued by Mr Femi Adesina, the President’s Special Adviser...
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Robin Sanders Endorses 2nd U.S.-Nigeria AgriBusiness Investment Summit

Robin Sanders Endorses 2nd U.S.-Nigeria AgriBusiness Investment Summit

Ambassador Robin Renee Sanders, former U.S. Ambassador to Nigeria, ECOWAS, Republic of Congo, former Africa Director at the National Security Council at the White House; and current CEO of FEEEDS Advocacy Initiative & FE3DS, LLC has addressed a Goodwill me...
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Nigerian To Sue US Customs Over $41,000 Seizure

Nigerian To Sue US Customs Over $41,000 Seizure

A Nigerian woman is suing the US customs agency after it seized tens of thousands of dollars which was earmarked to build a free medical clinic in Imo state.  According to the Washington Post, Anthonia Nwaorie was carrying $41,000 (£30,000)...
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US Pulls Out Of Iran Nuclear Deal

US Pulls Out Of Iran Nuclear Deal

US President Donald Trump says he will withdraw the US from an Obama-era nuclear agreement with Iran. Calling it “decaying and rotten”, he said the deal was “an embarrassment” to him “as a citizen”. Going against advice from...
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US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty

US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty

citybusinessnews@yahoo.com The US-Nigeria Trade Council has urged Foreign Affairs Ministry and the United States Secretary of States to expand U.S. Visa validity period from two to ten years.       Reviewing the recent visit of President Muhammadu Buhari ...
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