Author: Ogochukwu Ndubuisi

HM Treasury hosted representatives from the U.S. Treasury and regulatory agencies in London on January 26, 2026, to conduct joint senior-level industry engagement for the Transatlantic Taskforce for Markets of the Future, established last September. According to U.S Treasury, the discussions explored opportunities to improve links between the countries’ capital markets and to collaborate on digital assets. This engagement is part of the Taskforce’s efforts to seek input from industry partners to ensure that its work is informed by what matters most to industry on both sides of the Atlantic. In September 2025, as part of President Trump’s state visit…

Russia says that Cuba is experiencing a severe fuel shortage and accused the United States (U.S.) of attempting to strangle the island nation’s economy through sanctions and other restrictive measures. Kremlin spokesman Dmitry Peskov described the fuel situation in Cuba as “indeed critical” when asked about reported shortages of jet fuel and the potential impact on Russian tourists planning to leave the country. He said on Tuesday that Moscow was maintaining intensive contact with Havana through diplomatic and other channels. “The suffocating tactics employed by the United States are indeed causing many difficulties for the country. “We are discussing with our Cuban friends possible ways to resolve these…

  Canadian political and business leaders have pushed back strongly against U.S. President Donald Trump’s threat to delay the opening of the nearly completed Gordie Howe International Bridge. This is according to Canadian media reports on Tuesday.  The bridge, which links Windsor, Ontario, with Detroit, Michigan, will become the third crossing at the Windsor-Detroit gateway.  The corridor accounts for roughly 25 per cent of total trade between Canada and the U.S. and is a key route for the North American automotive industry. Windsor Mayor Drew Dilkens criticised Trump’s remarks, saying they disregard the shared economic interests of both countries.  “It’s just insane. When I read that…

  The U.S. has listed 18 Nigerians for deportation from the country, in addition to 79 others earlier earmarked, bringing the total number of those to be deported to 97.  This is contained in a statement published on the website of the U.S. Department of Homeland Security (DHS) seen on Tuesday. It explained that the arrests were part of a coordinated crackdown across several U.S. states carried out by Immigration and Customs Enforcement (ICE) officials. According to the DHS, the new names were added as part of an expanded nationwide enforcement operation targeting immigrants convicted of serious crimes. It said…

The total deposits by deposit money banks (DMBs) at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose to N2.52 trillion on Monday, reinforcing strong liquidity in the market.

FG Generated $500m in Export Revenue in 2025 – Minister The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, says the ministry generated over $500 million dollars in export revenue in 2025 from industrial development and diversification of the economy. Oduwole made the disclosure, when she appeared before the Senate Committee on Trade and Investment on Monday to defend the ministry’s 2026 budget. According to her, the ministry’s programmes had also created more than 20,000 direct jobs. Oluwole said activity on Nigeria Commodity Exchange expanded sharply with traded volumes up by over 500 per cent. According to her, the…

CAC Approves Free Business Registration for 3,500 SMEs The Corporate Affairs Commission (CAC) has approved free business name registration for 3,500 small businesses across the 36 states and the Federal Capital Territory. The Registrar-General, Mr Hussaini Magaji, disclosed this on Monday in Abuja during the Commission’s 35th anniversary celebration. Magaji said the initiative underscored the Commission’s commitment to entrepreneurship, reduced business costs and inclusive economic growth. According to him, the programme aims to encourage formalisation of small enterprises and broaden access to government services and economic opportunities. “Distinguished guests, the CAC journey at 35 is a story of vision, courage,…

NACCIMA Commends Tinubu on Samiya Border Reopening The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended President Bola Tinubu for ordering the immediate reopening of the Samiya International Border in Kebbi. The border links Nigeria with the Republic of Benin and had remained closed, limiting formal trade and economic activities along the corridor. NACCIMA President, Mr Jani Ibrahim, disclosed this on Monday in Lagos through a statement made available to journalists. The News Agency of Nigeria reports that the directive was announced during a visit by the Comptroller-General of Customs, Bashir Adeniyi, to the Nigeria…

FAAC Disburses N22.4trn to FG, States, Local Govts. in 2025 Federal Account Allocation Committee (FAAC)disbursed N22.44 trillion among the three tiers of governments in 2025, a significant year-on-year push up from the previous record. Allocations to the Federal Government, State Governments, and Local Governments rose strongly year on year, with increases of 55.73%, 42.21%, and 43.09% respectively, according to data from the Office of the Accountant General of the Federation. The year-on-year surge, boosted by petrol, subsidy removal and increased federally generated revenue collection marked a substantial expansion in public sector liquidity and fiscal capacity. In its review, investment firm…

Nigeria Sweep Uzbekistan in Lagos Davis Cup Tie Nigeria’s doubles pair, Canice Abua and Michael Emmanuel, defeated Uzbekistan’s Denis Istomin and Khumoyun Sultanov 7–6, 6–4 at the ITF Davis Cup tie in Lagos. The closely fought encounter saw the Nigerians edge a tie-break first set before asserting control in the second to win in straight sets. The victory boosted Nigeria’s Davis Cup campaign and drew loud cheers from home supporters at the Lagos venue. In singles action, Daniel Adeleye beat Uzbekistan’s Khumoyun Sultanov 6–3, 6–4 in a reverse singles match. Adeleye delivered a confident display, breaking serve at crucial moments to dominate both sets and secure…