U.S wheat shipment worth $15m arrives in Lagos
A major wheat shipment valued at $15 million has arrived in Lagos, bringing relief to Nigeria’s food supply chain. The delivery, which came from the United States, is expected to support millers and help stabilise the cost of flour-based products across the country. Stakeholders say the arrival is timely, especially with rising demand in the […]
Trade Exports Hit $50 Billion As FG Policies Boost Trade Balance
Nigeria’s total trade exports reached $50.4 billion in 2024, marking a strong recovery for the country’s economy. This growth was largely due to the depreciation of the naira and the removal of fuel subsidies, which helped improve the trade balance. According to the National Bureau of Statistics (NBS), Nigeria recorded N138 trillion in total trade, […]
Tariffs: Trump to meet Canada, Mexico
US President Donald Trump may soon find a middle ground on tariffs with Canada and Mexico. US Commerce Secretary Howard Lutnick shared this update on Tuesday, saying an announcement could come as early as Wednesday. Trump’s decision to impose a 25% tariff on imports from Canada and Mexico took effect on Tuesday. At the same […]