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Lagos secures $22m FDI to expand fibre optic

  • 20th May 2025
FG plans major fiber-optic cable expansion across Nigeria

Nigeria’s digital economy attracted $191m foreign investment in

  • 20th May 2025

May & Baker urges FG to ensure prompt

  • 19th May 2025

UK introduces new rules to protect buy-now, pay-later

  • 19th May 2025

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Cruise passengers caught smuggling 750 cigarette cartons in US

United States Customs and Border Protection officers in Long Beach, California, seized nearly 750 cartons of illegally imported cigarettes from two cruise ship passengers who had arrived from Ensenada, Mexico. The discovery was made on April 17 during an inspection of 10 pieces of luggage belonging to the couple., according to USATODAY. The contraband included […]

World stocks mixed as tech stocks crash
Business

American stock futures surge after US-China trade talks

Investors reacted positively to initial United States, China trade discussions held over the weekend, driving a sharp rally in U.S. stock futures on Sunday. While both nations reported progress, no specific details on tariff resolutions were disclosed, leaving markets hopeful but cautious. Futures for the Dow Jones Industrial Average soared 401 points, or 0.97%, signaling […]

Business

US, China agree to suspend most tariffs, easing trade tensions

The United States of America and China on Monday agreed to suspend most tariffs on each other’s goods, signaling a de-escalation in trade tensions between the world’s two largest economies. “We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,” […]

Alibaba cuts quantum computing team
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US lawmakers urge SEC to delist Alibaba

Alex Omenye Two Republican lawmakers have urged the U.S. Securities and Exchange Commission to delist a group of Chinese companies, including tech giant Alibaba, citing alleged ties to China’s military and concerns over U.S. national security, the Financial Times reported Friday. John Moolenaar, chair of the House Select Committee on the Chinese Communist Party, and […]

Trump to slash US tariffs on China 'substantially'
Business

US seals minerals deal with Ukraine amid war with Russia

The United States and Ukraine have signed a long-anticipated minerals agreement, granting Washington preferential access to Ukraine’s natural resources in exchange for the establishment of a reconstruction investment fund. The deal, finalized after months of complex negotiations, comes more than three years into Russia’s full-scale invasion of Ukraine. U.S. Secretary of the Treasury Scott Bessent […]

Business

US economy to lose billions amid tourism, products boycott

The US economy faces potential billions in losses in 2025 due to a decline in foreign tourism and boycotts of American products, adding to existing economic challenges and heightening the risk of a recession. Daata released on Monday by the International Trade Administration, revealed non-citizen arrivals by plane dropped nearly 10% in March compared to […]

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US tightens control on global AI chip flows

The United States government announced on Monday that it would impose further restrictions on artificial intelligence chip and technology exports, aiming to keep advanced computing power within the U.S. and its allies while limiting China’s access. The new regulations will cap AI chip exports to most countries, allow unlimited access to U.S. AI technology for […]

News

Nigeria, USA annual trade reaches $10bn

The Consul-General of the United States Consulate in Lagos, Will Stevens, stated that Nigeria and the US maintain a $10 billion annual trade relationship. Stevens made this statement during the opening ceremony of the African Growth and Opportunity Act workshop with Proper Africa in Lagos, according to The Punch. The workshop aims to equip export-ready […]

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USA, Saudi Arabia ink deal for joint space exploration, research

The U.S. and Saudi Arabia committed to work together on civilian space research and exploration to improve collaboration between the allies, NASA and the State Department said in a Tuesday statement, according to CNBC. A framework agreement for collaboration in fields such as Earth science, education, and aeronautics was signed by the two nations. The […]

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US-Nigeria aviation agreement restored to boost bilateral ties

The United States has announced it will restore an Air Transport Agreement with Nigeria to strengthen bilateral aviation ties between the two countries. This disclosure was made in a statement by the Public Diplomacy Department of the U.S. Mission in Nigeria, according to The Punch. It states that the Agreement, which has been provisionally in […]

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