China urges caution amid rapid advances in assisted-driving tech
China has called on the auto industry to proceed with caution as assisted-driving technology advances rapidly. China’s automakers are outpacing global competitors…
Business
China exempts major cognac brands from EU brandy tariffs
China has excluded leading cognac makers Pernod Ricard, LVMH, and Remy Cointreau from new tariffs of up to 35% on EU brandy,…
Moody’s downgrades Afreximbank’s credit rating to Baa2
Moody’s has downgraded the African Export-Import Bank’s long-term issuer and senior unsecured ratings from Baa1 to Baa2, while changing the outlook from…
Expert applauds Nigeria’s bold economic reforms
The founder of the Research Alpha fund and a veteran investor in the Asia-Pacific region, Michael McGaughy, has commended Nigeria’s recent economic…
Nike faces pressure to raise prices after US-Vietnam tariff hike
Nike Inc. may be forced to hike prices more than anticipated after a new U.S.-Vietnam trade deal reportedly raised import tariffs, an…
FG approves 37 new oil routes to boost production, curb theft
The Federal Government has approved 37 new crude oil evacuation routes nationwide as part of ongoing reforms to enhance production and tackle…
Seplat CEO applauds NNPCL’s financial reforms, improved discipline
The Chief Executive Officer of Seplat Energy Plc, Roger Brown, says the Nigerian National Petroleum Company Limited has cleared its legacy debts…
Nigeria’s fiscal deficit could worsen without urgent reforms – IMF
The International Monetary Fund has raised alarm over Nigeria’s 2025 fiscal outlook, warning that the country must urgently adjust its budget targets…
FG, investors plan $60m green overhaul of Onne Port
Vice President Kashim Shettima has revealed that the federal government is in talks with private investors to mobilize nearly $60 million for…
US lifts export restrictions on chip-design software to China
The United States government has lifted its export restrictions on chip-design software to China. This was announced on Thursday by semiconductor software…
Dangote refinery adds more marketers to fuel distribution network
The Dangote Petroleum Refinery has announced the addition of several oil marketing companies to its distribution network. In a statement on Tuesday,…
Paramount to pay $16m, settling Trump’s ’60 minutes’ lawsuit
Paramount has agreed to a $16 million settlement in a lawsuit brought by United States President, Donald Trump, over the editing of…