US Cuts Nigerian Crude Imports By Nearly 50%
The United States has significantly reduced its crude oil imports from Nigeria, with a sharp drop of about 47% in January 2026. According to official trade data, imports fell from over 3 million barrels in December 2025 to about 1.66 million barrels in January 2026. This decline also affected Nigeria’s earnings, as the value of […]
Naira Records Second Straight Appreciation Against US Dollar
Nigeria’s currency, the naira, has recorded a second consecutive day of improvement against the United States dollar in the official foreign exchange market. This positive movement suggests a slight return of confidence and improved liquidity in the forex space. Market watchers say the appreciation is linked to increased dollar supply and recent monetary policies aimed […]
Modi, Putin approve India-Russia visa-free policy, citizens’ employment
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin have approved a new visa-free agreement between India and Russia. The policy allows citizens of both countries to travel without a visa for short-term visits. Officials say this move will strengthen tourism, trade, and cultural exchange between the two nations. The leaders also agreed to […]
Ekiti Agro-Allied International Cargo Airport Receives NCAA Approval
The Ekiti Agro-Allied International Cargo Airport has received full operational approval from the Nigerian Civil Aviation Authority (NCAA). This development marks a major milestone for Ekiti State as it positions itself to boost agricultural exports and regional trade. The approval allows the airport to begin full commercial operations, including the handling of both passenger and […]
Trump to impose new tariffs on Mexico, Canada and China on Saturday – White House
President Donald Trump has confirmed that new tariffs will be imposed on Mexico, Canada, and China, starting on February 1. The White House reaffirmed the deadline, which could significantly impact the economy. White House press secretary Karoline Leavitt stated that Trump would keep his promise to implement these tariffs. The new duties will include a […]
Trump responds to Trudeau resignation by suggesting Canada merge with U.S.
After Canadian Prime Minister Justin Trudeau announced his resignation, former U.S. President Donald Trump shared his thoughts in a post on his Truth Social platform. Trump suggested that Canada should merge with the United States, claiming many Canadians would love to become the 51st state. He argued that this move would help solve Canada’s trade […]
Ghana Scraps Visa Requirement, Allows Free Entry For Africans
In a significant move, Ghana is set to remove its visa requirement for all African nationals starting in early 2025. This decision was approved by President Nana Akufo-Addo in December 2024, fulfilling a commitment he made during the Africa Prosperity Dialogues. The new policy aims to strengthen connections between African countries by making it easier […]
ECOWAS Ministers Meet In Abuja Over Trade, Security
ECOWAS (Economic Community of West African States) ministers gathered in Abuja for their 93rd ordinary session to address critical issues facing the region. The meeting, chaired by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, covered topics ranging from trade and security to governance and regional integration. In his opening speech, ECOWAS President Omar Touray praised […]
Nigerian Borders Set to Reopen for Trade, Announces Lawmaker
Lawmaker Sesi Whingah, who represents Badagry in Nigeria’s House of Representatives, recently shared promising news for local traders and business owners. During a Badagry Stakeholders and Youth Engagement event on August 31, Whingah revealed that Nigeria’s borders will soon reopen for commercial activities. The prolonged border closure has significantly impacted businesses in the region, leading […]