Court Dismisses MultiChoice’s Suit Against FCCPC
Justice James Omotosho of the Federal High Court Abuja has dismissed a suit filed by MultiChoice Nigeria, owners of DStv and GOtv, challenging the Federal Competition and Consumer Protection…
$220m fine: Meta can’t flee from justice, says FCCPC
The Federal Competition and Consumer Protection Commission has said Meta’s exit threat from Nigeria does not shield the social media giant from liability. According to the FCCPC, the outcome…
US report calls out Nigeria’s trade barriers, port corruption
The United States government has faulted Nigeria for the continued delay in approving import permits for American agricultural products, describing the situation as a longstanding trade barrier that has…
Tribunal upholds FCCPC’s $220m fine against Meta, WhatsApp
The Competition and Consumer Protection Tribunal has upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission on Meta Platforms Inc. and WhatsApp LLC for…
Air Peace suspends flight operations nationwide
Air Peace Ltd has announced the suspension of all flight operations nationwide due to the ongoing strike by the Nigerian Meteorological Agency. This is contained in a statement signed…
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- Business , International
- April 14, 2025
- 35 views
OPEC Cuts 2025 Oil Demand Forecast Over US Tariffs
The Organization of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its…
- Business , International
- April 11, 2025
- 41 views
China hits US with 125% retaliatory tariffs as trade war escalates
China has increased its retaliatory tariffs on imports from the United States to 125 percent, escalating the trade war between the economic powerhouses. In his first public comments on…
Dangote Refinery Slashes Ex-Depot Petrol Price
Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and…
US-China tariff war could cut trade between both countries by 80% — WTO chief, Okonjo-Iweala
The World Trade Organization chief 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…
Trump pauses tariffs for several countries but raises China’s rate to 125%
In a retaliatory move, United States President Donald Trump has raised China’s tariff rates from 104 percent to 125 percent. Trump announced his decision on Wednesday while pausing tariffs…
FEC orders full implementation of naira-for-crude deal
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this on its official X handle…
Tariff: U.S. Faults Nigeria’s Import Ban On 25 Products
Nigeria’s import ban on 25 different product categories impacts U.S. exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods, the United States Trade Representative said in a statement on…
CBN Spends $669m To Defend Naira In Q1 2025 — Report
The Central Bank of Nigeria (CBN) deployed approximately $669 million in foreign exchange (FX) interventions during the first quarter of 2025. A report by investment firm, AIICO Capital Limited,…
Oil Declines As CBN Sells $198 Million To Support Naira
Crude oil prices have weakened, declining by over 12% to approximately $65.50 per barrel, following sweeping trade tariffs by President Donald Trump against countries. Oil trade above $70 per…
Nigeria imports N11.8bn apples — Report
Latest data by the National Bureau of Statistics revealed that Nigeria imported N11.8bn worth of apples in the fourth quarter of 2024. This is as the prices of apple…