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Kuda cuts jobs across departments amid restructuring

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Naira closes week stronger at N1,534.72/$ 

CBN’s new diaspora remittance rules to open market

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Middle East conflict threatens Nigeria’s economy – Cardoso

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Tag: United States

China 'firmly opposes coercion' as Mexico mulls car tariffs
News

China, US extend tariff suspension for one year after talks

China said on Wednesday it would extend a suspension of additional tariffs on United States goods for one year, making official an agreement reached in talks between Presidents Xi Jinping and Donald Trump last week. The two leaders held discussions in South Korea at the end of October that effectively extended a delicate truce for […]

Nigeria excluded as Trump hosts African leaders in Washington
Economy featured

Trump blames democrats as US govt shutdown begins

The United States government has shut down after lawmakers and President Donald Trump failed to break a budget impasse during acrimonious talks that hinged on Democratic demands for health care funding. The shutdown, which began at 12:01 am Wednesday, will stop work at multiple federal departments and agencies, impacting hundreds of thousands of government workers […]

United States Flag attached to a building
Economy featured

US govt faces shutdown over funding bill failure

The United States government has shut down after Democrats and Republicans in Congress failed to reach an agreement on a vital funding bill. The shutdown will temporarily halt some US government services and put the salaries of government employees on hold – or even end them altogether. The disagreement is over a short-term spending bill […]

NGF blames naira redesign, flood for agric sector's underperformance
News

US faults Nigeria’s agricultural imports duty suspension

The United States has criticized Nigeria’s implementation of a temporary suspension of import duties on certain agricultural products, aimed at curbing inflation. According to the US Department of State’s 2025 Nigeria Investment Climate Statement, the policy had limited impact due to lack of transparency in its implementation. The report highlights that Nigeria’s economy faced significant […]

United States Flag attached to a building
featured Travel

US lifts visa restrictions on Ghana after diplomatic talks

The United States of America has lifted visa restrictions on Ghana, restoring access to longer-term visas after months of strained relations over deportation disputes. Ghana’s foreign minister, Samuel Ablakwa, confirmed the decision on Friday, announcing that Ghanaians can once again apply for five-year multiple-entry visas. The change followed “months of high-level diplomatic negotiations” and was […]

featured Investment

Egyptian billionaire Nassef Sawiris plans $50bn US investment

Egypt’s wealthiest man, Nassef Sawiris, is planning a significant restructuring of his business empire, with a focus on investing up to $50 billion in United States infrastructure projects. Sawiris, who also owns English Premier League side Aston Villa, is close to finalizing the breakup of his Dutch-listed chemicals and fertilizer group, OCI Global. The group […]

US court jails Nigerian hacker for $2.5m identity theft
Scams

UK-based Nigerian faves 20-year jail over $2m fraud

A 34-year-old Nigerian man, Olamide Shanu, has been extradited from the United Kingdom to the United States to face trial for his alleged involvement in a multi-million-dollar sextortion and wire fraud scheme. Shanu was arraigned before a US Magistrate Court on Wednesday, where he faced an eight-count charge bordering on wire fraud conspiracy, aggravated identity […]

Conferences featured

Shettima to lead Nigeria’s delegation to 80th UNGA in US

Vice President Senator Kashim Shettima will lead Nigeria’s delegation to the 80th Session of the United Nations General Assembly, scheduled to open on September 23, 2025, in New York, United States. The Ministry of Foreign Affairs announced that Shettima will be joined by Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, alongside other Ministers and […]

FBI implicates Nigerians in $50m fraud scheme
featured Scams

Nigerian jailed 71 months in US for $1.6m romance scam

A United States-based Nigerian, Adetomiwa Akindele, has been sentenced to nearly six years in prison for a $1.6 million romance scam and will be deported to Nigeria after serving his time. The 37-year-old was ordered to pay $1,692,945 in restitution and a matching forfeiture judgment. Akindele posed as a wealthy Italian American businessman, “Frank Labato,” […]

TikTok launches campus verification to help students connect
Business

US, China make progress on TikTok deal, trade

United States President Donald Trump and Chinese President Xi Jinping held a phone call, discussing the future of TikTok in the US and trade tensions between the two nations. Trump described the call as “very productive,” saying they made progress on several key issues, including trade, fentanyl, and the Russia-Ukraine war. “We made progress on […]

FBI accuses North Korea of $1.5bn crypto heist
Scams

Nigerian man arrested in UK over $235,000 US cyber fraud

A Nigerian man living in the United Kingdom, Farouk Adekunle Adepoju, has been arrested following a United States request for extradition on charges of wire fraud and computer fraud. Acting United States Attorney Troy Rivetti announced that Adepoju was arrested by UK authorities on September 15, 2025, and is awaiting extradition to face a seven-count […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

US-China trade talks resume in Spain

China and the United States have resumed trade talks in Madrid, Spain, in an effort to narrow their differences on trade and technology issues that have strained relations between the two largest economies. The talks, which started at Spain’s foreign ministry, are expected to continue through Wednesday. US Treasury Secretary Scott Bessent and Chinese Vice […]

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