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NMDPRA assures two-month aviation fuel sufficiency amid scarcity fears

Aviation
Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

Naira depreciates to ₦1,390/$ in parallel market amid widening

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Shipping crisis stalls Dangote fuel distribution

Dangote Refinery IPO offers US dollar dividends to attract

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Tag: United States

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Economy featured

US stocks slide as rate cut hopes linger

United States equities ended lower on Monday as investors weighed expectations of additional interest rate cuts by the Federal Reserve, while gold prices retreated from record highs in a week shortened by holidays. According to Reuters, the Dow Jones Industrial Average fell by 219.42 points, representing a decline of 0.46 per cent, to close at […]

News

US court upholds Trump’s $100,000 techie visa fee

A United States federal judge on Tuesday upheld President Donald Trump’s decision to impose a $100,000 fee for processing H-1B visa applications, despite acknowledging that the policy could “inflict significant harm on American businesses and institutions of higher education.” In a 56-page opinion, US District Judge Beryl Howell ruled that the president possesses “broad statutory […]

Nigerian bankers move to curb japa
News

US offers $3,000 incentive for voluntary deportation

The United States Department of Homeland Security has tripled the financial incentive offered to undocumented migrants who voluntarily leave the country, increasing the so-called exit bonus from $1,000 to $3,000 under its self-deportation programme. Under the revised policy, undocumented migrants who register with the US government and depart the country by the end of the […]

featured News

Trump recalls US ambassador to Nigeria, others

United States President Donald Trump has reportedly ordered the recall of the United States Ambassador to Nigeria, Richard Mills, alongside several other career diplomats serving as ambassadors across different regions of the world. According to a report by Politico, the decision is part of a broader effort by the Trump administration to realign US diplomatic […]

Scams

Nigerian-American, five others indicted over massive US stock fraud

A dual United States and Nigerian citizen, Izunna Okonkwo, has been indicted alongside five other individuals of different nationalities over an alleged $41m stock market fraud in the United States. A statement obtained from the United States Department of Justice website on Sunday disclosed that Okonkwo and the other defendants allegedly engaged in insider trading […]

featured News

US seizes oil tanker near Venezuela amid rising tensions

The United States has apprehended an oil tanker off the coast of Venezuela, a move the Venezuelan government has condemned as “theft and kidnapping,” marking the latest escalation in Washington’s pressure campaign against Caracas, according to US officials. The interception, which took place on Saturday, was the second time in two weeks that US forces […]

featured Helth

US commits $2.1bn to Nigeria health system

The United States has signed a five-year bilateral health agreement with Nigeria aimed at strengthening the country’s health system, with a particular focus on expanding faith-based healthcare services. According to the United States Department of State, the Memorandum of Understanding, signed on Saturday, commits nearly $2.1bn in US funding to support prevention and treatment programmes […]

United States Flag attached to a building
Travel

US halts Nigerians, others from applying for green card, citizenship

The United States government has expanded its sweeping pause on legal immigration applications to include filings from citizens of an additional 20 countries, including Nigeria, following President Donald Trump’s latest update to his “travel ban” proclamation this week. A United States official, who requested anonymity, disclosed the internal changes to CBS News, noting that the […]

TikTok launches campus verification to help students connect
featured Mobile phones

TikTok signs US deal to avoid ban threat

TikTok has announced that it has signed a joint venture agreement with a group of investors that will allow the company to continue operating in the United States and avert the threat of a ban linked to its Chinese ownership. According to an internal memo obtained by AFP, TikTok Chief Executive Officer, Shou Chew, informed […]

Nigerian bankers move to curb japa
Opinion

Why US placed Nigeria on travel ban — Ex-minister

Former Minister of State for Foreign Affairs, Nurudeen Mohammed, has stated the reason for the United States’ partial travel ban on Nigeria. Speaking during an interview on ‘Prime Time’, a programme on Arise Television on Wednesday, Mohammed said Nigeria has been without ambassadors for 2 years, adding that her side of the story was never […]

Abia gov Otti extends tribute eulogizing Herbert Wigwe
Economy featured

Otti partners US gov for Abia’s economic growth

Abia State Governor, Alex Otti, has expressed his readiness to collaborate with the Governor of Delaware, United States, Bethany Hall-Long, focusing on key economic areas to stimulate growth and development within the state. This intention was communicated in a statement released on Saturday by the governor’s Chief Press Secretary, Ukoha Njoku. The statement detailed that […]

Equity investors lose N1.5tn as bond yield rises
Economy featured

Asian stocks rise after US Fed rate cut

Asian equities experienced a rise on Friday as investors reacted to a record-breaking day on Wall Street, which occurred in the wake of the Federal Reserve’s latest interest rate cut announcement. These market gains were registered despite renewed concerns regarding technology stock valuations, which emerged following disappointing earnings reports from sector leaders Oracle and Broadcom. […]

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