Author: Ogochukwu Ndubuisi

U.S. Hits Nigeria, 80 Other Countries With New Tariffs Citing ‘Forced Labour’ The U.S. has imposed new tariffs of 10 and 12.5 per cent on goods from more than 80 countries, including Nigeria, over alleged forced labour. The new tariffs, which take effect at 12:01 a.m. on Friday, replace a global 10 per cent duty imposed earlier by President Donald Trump and expires at midnight on Friday. The new duties follow a five-month investigation into trading partners’ efforts to root out products made with forced labour from their supply chains, the Office of the U.S. Trade Representative (USTR) says. The…

BUA Cement Plc grew profit by 80% year on year amidst a tough operational environment…

The global energy crisis deepened as Oil prices surged past $100 a barrel Thursday over threats

AfDB Approves $400m Loan for South Africa’s Municipal Utility Reforms The African Development Bank (AfDB) Group has approved a 400 million dollar loan to support South Africa’s Mpumalanga Municipal Utility Reform Programme aimed at improving electricity and water services. The bank said in a statement on Thursday that the programme would enhance the quality, reliability and financial sustainability of utility services in selected municipalities across Mpumalanga Province. It said the initiative would support South Africa’s Just Energy Transition by helping municipalities affected by the country’s gradual shift away from coal. According to the bank, the programme will reduce electricity and…

Nigeria to Narrow Trade Imbalance with China, Leverage Zero-Tariff Policy Nigeria Government has pledged its commitment to narrow its trade imbalance with China by maximising the country’s zero-tariff policy and increasing the country’s exports to the Chinese market. Nigeria’s Ambassador to China, Abdulrahman Dambazau, disclosed this during an interview with the members of the Nigerian delegation participating in the African Mainstream Media Workshop organised by the International Department of the Communist Party of China in Beijing on Thursday. Dambazau said bilateral trade between Nigeria and China currently stood at about 28 billion dollars, but noted that Nigeria accounted for only…

The average yield on Nigerian government bonds declined in the secondary market as investors increased their bets in the local debt capital market.

Reps Probe Mining Marshals Over N2bn Allegation The House of Representatives has resolved to investigate the activities of the Mining Marshals Corps, comprising more than 2,200 personnel drawn from the Nigeria Security and Civil Defence Corps (NSCDC). The resolution followed the adoption of a motion by Rep. Abdulmaleek Danga (APC-Kogi) during plenary on Wednesday. Danga recalled that the Federal Ministries of Solid Minerals Development and Interior inaugurated the specialised security unit on March 21, 2024. He said the unit was established under Section 3 of the NSCDC Act and the regulatory framework of the Nigerian Minerals and Mining Act, 2007.…

The European Commission’s (EC) push to improve banks’ cross-border fungibility of capital and liquidity could remove

Senate Moves to Regulate, Coordinate Foreign Aid, Grants, Donations A bill to coordinate and ensure transparency and disclosure in the management of foreign aid, grants and donations in Nigeria, on Wednesday, scaled second reading in the Senate. The Bill, sponsored by Sen. Ibrahim Dankwambo (PDP-Gombe North), is entitled: “A Bill for an Act to Provide for the Regulation, Coordination, Transparency and Disclosure of Foreign Aid, Grants and Donations in the Federal Republic of Nigeria, 2026 (SB. 1034).” Leading the debate during plenary, Dankwambo said the proposed legislation was aimed at bringing order, accountability and strategic coordination to the management of…

NCC, African Regulators Push Stronger Collaboration for Smarter Digital Governance The Nigerian Communications Commission (NCC) has called for deeper collaboration among African Telecommunications and Communications Regulators to strengthen the use of data, evidence and market intelligence in driving more effective and responsive regulation across the continent. Speaking at the Heads of Regulators Roundtable during the African Telecommunications Union (ATU) Conference of Plenipotentiaries (CPL-26) in Abuja, Dr. Maida said communications regulation has become increasingly central to economic growth, digital transformation, and national development across Africa. He observed that although regulators operate within different market environments and legal frameworks, they face many…