5 h. ago Recapitalisation, tariff war: No cause for alarm, banks on sound footing –CBN

• UBA GMD lists hurdles to achieving $1trn economy From Uche Usim and Adanna Nnamani, Abuja As the race for commercial banks’ recapitalisation peaks and the global commerce landscape quakes in the face of the raging US-China tariff war, the Central Bank of Nigeria (CBN) has assured Nigerians not to panic as the local financial […] The post Recapitalisation, tariff war: No cause for alarm, banks on sound footing –CBN appeared first on The Sun Nigeria.

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27 h. ago Infrastructure projects to suffer as international oil prices decline – Adelabu

…seeks further collaboration With EU Adebayo Adelabu, Nigeria’s minister of power has decried the impact of the continuous drop in read more Infrastructure projects to suffer as international oil prices decline – Adelabu

Politics

31 h. ago Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence

By Chinwendu Obienyi Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and protectionist trade measures from the United States, continue to exert pressure on the naira and the nation’s external reserves. Daily Sun gathered that despite demand pressures and intervention by the Central […] The post Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence appeared first on The Sun Nigeria.

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3 d. ago Oil Prices Regain 3% After Trump’s Pause On Tariffs Increase

Oil prices rose on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Trump authorised a 90-day pause as part of his tariff plan but also raised the […]

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4 d. ago Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced read more Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Politics

4 d. ago Oil prices fall further, throwing Nigeria’s budget in turmoil

Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he read more Oil prices fall further, throwing Nigeria’s budget in turmoil

Politics

5 d. ago Oil prices hit pandemic level in threat to Nigeria’s revenue

Nigeria’s economy is facing a renewed strain as global oil prices plummet, reaching levels reminiscent of the devastating downturn experienced read more Oil prices hit pandemic level in threat to Nigeria’s revenue

Events

5 d. ago Petrol price, oil imports to drop as FG announces continuation of naira

By Adewale Sanyaolu Hopes of a further drop in fuel price brightened yesterday as the Federal Government announced the continuation of the Naira-for-Crude policy. In a statement, the ministry of finance announced that the decision to sustain the initiative was taken after a meeting of the technical sub-committee on the crude and refined product sales […] The post Petrol price, oil imports to drop as FG announces continuation of naira-for-crude deal appeared first on The Sun Nigeria.

Politics

5 d. ago Nigeria’s oil revenue threatened by price drop to $59 per barrel

The price of crude oil has dropped to $59 per barrel, the first decrease since February 2021. According to reports on Wednesday, Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 WAT, while the US West Texas Intermediate fell by 5.54 percent to $56.28 per barrel. The fall in […] The post Nigeria’s oil revenue threatened by price drop to $59 per barrel appeared first on The Sun Nigeria.

Politics

5 d. ago Trump: China hits back with 84% retaliatory tariffs on US goods

China has responded to Donald Trump’s tariff policies by increasing its levies on U.S. imports to more than 80%. The move was announced by China’s Office of the Tariff Commission of the State Council, and it disclosed that the tariffs on US goods would increase from 34% to 84% beginning April 10. China’s retaliation comes […] The post Trump: China hits back with 84% retaliatory tariffs on US goods appeared first on The Sun Nigeria.

Politics

5 d. ago China retaliates with 84% tariffs on US goods, pushes oil price below 2021 levels

China’s finance ministry has announced an 84% tariff on all goods imported from the US. The ministry says that these read more China retaliates with 84% tariffs on US goods, pushes oil price below 2021 levels

Politics

6 d. ago Goldman Sachs Slashes Oil Price Forecast To $58/b On Recession Fears

Goldman Sachs has slashed its oil prices forecasts again and now expects Brent Crude to average below $60 per barrel next year, at $58, amid recession risks, slowing demand, and more supply from the OPEC+ producers. The investment bank had previously forecasted oil demand growth at 600,000 barrels per day (bpd) this year but now […]

Economics

6 d. ago China Rejects U.S. Tariff Strategy As Trump Hints At Potential Deal

President Donald Trump has indicated that he is awaiting a response from China before proceeding with tariffs exceeding 100%, a move that could signal the possibility of last-minute negotiations. The United States has already imposed a 10% tariff on nearly all imports, with additional tariffs of up to 50% on various trading partners set to […] The post China Rejects U.S. Tariff Strategy As Trump Hints At Potential Deal appeared first on Information Nigeria.

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7 d. ago Crude crash: FG’s 2025 budget jerks again, marketers anticipate price cut

The global crash in crude oil prices has put Nigeria’s 2025 budget under more threat, even as fuel marketers await a possible reduction in the prices of petroleum products. According to experts who spoke with our correspondent, the crude oil crash occasioned by the tariffs imposed on countries by United States President, Donald Trump, has Read More

Events

8 d. ago Crude price crash: Petrol can drop below N400/litre — Refiners

Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current crash in crude oil prices. CORAN argued that there is no reason petrol should not be sold at NN350 per litre if crude prices eventually fall to $50 per Read More

Events

1 week ago China to impose additional 34% tariff on US goods from April 10

Tribune Online China to impose additional 34% tariff on US goods from April 10 The Chinese government on Friday, said it would slap 34 per cent tariff on all imports of US goods from April 10, after Washington imposed steep new levies on Chinese products. China to impose additional 34% tariff on US goods from April 10 Tribune Online

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