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By Obinna Uballa The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to accelerate large scale trade in raw materials, minerals, and value-added goods across the continent. The initiative, announced on Tuesday during the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, aims to strengthen Africa’s role in global value…
September 9, 2025
The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…
September 8, 2025
The Nigeria Customs Service Board (NCSB) has announced the approval of a $300 de minimis threshold for low-value imports. This means low-value consignments valued below $300 have been exempted from import duties and taxes starting today, Monday, September 8, 2025. The customs explained that this policy shift aligns Nigeria with global best practices, adding that…
September 8, 2025
By Obinna Uballa Economic experts and government officials have described Nigeria’s scheduled hosting of the 2027 Intra-Africa Trade Fair (IATF) as a transformative opportunity for the country’s economy, predicting that the event will hepl unlock new markets, attract foreign investments, and position Nigeria as a leading hub for continental commerce. The announcement on Friday by…
September 8, 2025
By Obinna Uballa The Enugu State government has accused Olasijibomi Ogundele, Chief Executive Officer of Sujimoto Luxury Construction Limited, of defrauding the state of N5.7 billion in a contract to build 22 smart green schools. The allegation follows the decision of the Economic and Financial Crimes Commission (EFCC) to declare the Lagos-based real estate mogul…
September 6, 2025
By Obinna Uballa German automaker BMW is ramping up its focus on brand strength and advanced software as it prepares to roll out a new generation of electric vehicles, aiming to rival Elon Musk’s Tesla and fast-growing Chinese competitors. Speaking ahead of the Munich motor show next week, BMW CEO Oliver Zipse unveiled the company’s…
September 5, 2025
By Obinna Uballa Nigerians have expressed anger on social media following revelations that the Federal Government is seeking an additional $1.75bn loan from the World Bank, despite announcing that it had already met and exceeded its 2025 revenue target. The Presidency recently disclosed that revenue collections between January and August 2025 hit N20.59tn, a 40.5…
September 5, 2025
By Obinna Uballa Guaranty Trust Holding Company Plc (GTCO) has injected N365.9 billion into its banking arm, Guaranty Trust Bank Limited (GTBank), to meet the Central Bank of Nigeria’s (CBN) revised minimum capital requirement for lenders with international licences. In a filing with the Nigerian Exchange Limited and the London Stock Exchange on Friday, GTCO…
August 29, 2025
By Obinna Uballa Reliance Jio Infocomm, India’s largest telecom operator, is set to hit the stock market in the first half of 2026, in what could become the country’s biggest-ever initial public offering (IPO). The announcement was made on Friday by Mukesh Ambani, chairman of Reliance Industries and India’s richest man, during a virtual address…
August 29, 2025
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By Obinna Uballa The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to accelerate large scale trade in raw materials, minerals, and value-added goods across the continent. The initiative, announced on Tuesday during the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, aims to strengthen Africa’s role in global value…
September 9, 2025
The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…
September 8, 2025
The Nigeria Customs Service Board (NCSB) has announced the approval of a $300 de minimis threshold for low-value imports. This means low-value consignments valued below $300 have been exempted from import duties and taxes starting today, Monday, September 8, 2025. The customs explained that this policy shift aligns Nigeria with global best practices, adding that…
September 8, 2025
By Obinna Uballa Economic experts and government officials have described Nigeria’s scheduled hosting of the 2027 Intra-Africa Trade Fair (IATF) as a transformative opportunity for the country’s economy, predicting that the event will hepl unlock new markets, attract foreign investments, and position Nigeria as a leading hub for continental commerce. The announcement on Friday by…
September 8, 2025
By Obinna Uballa The Enugu State government has accused Olasijibomi Ogundele, Chief Executive Officer of Sujimoto Luxury Construction Limited, of defrauding the state of N5.7 billion in a contract to build 22 smart green schools. The allegation follows the decision of the Economic and Financial Crimes Commission (EFCC) to declare the Lagos-based real estate mogul…
September 6, 2025
By Obinna Uballa German automaker BMW is ramping up its focus on brand strength and advanced software as it prepares to roll out a new generation of electric vehicles, aiming to rival Elon Musk’s Tesla and fast-growing Chinese competitors. Speaking ahead of the Munich motor show next week, BMW CEO Oliver Zipse unveiled the company’s…
September 5, 2025
By Obinna Uballa Nigerians have expressed anger on social media following revelations that the Federal Government is seeking an additional $1.75bn loan from the World Bank, despite announcing that it had already met and exceeded its 2025 revenue target. The Presidency recently disclosed that revenue collections between January and August 2025 hit N20.59tn, a 40.5…
September 5, 2025
By Obinna Uballa Guaranty Trust Holding Company Plc (GTCO) has injected N365.9 billion into its banking arm, Guaranty Trust Bank Limited (GTBank), to meet the Central Bank of Nigeria’s (CBN) revised minimum capital requirement for lenders with international licences. In a filing with the Nigerian Exchange Limited and the London Stock Exchange on Friday, GTCO…
August 29, 2025
By Obinna Uballa Reliance Jio Infocomm, India’s largest telecom operator, is set to hit the stock market in the first half of 2026, in what could become the country’s biggest-ever initial public offering (IPO). The announcement was made on Friday by Mukesh Ambani, chairman of Reliance Industries and India’s richest man, during a virtual address…
August 29, 2025
