President Donald Trump’s recent decision to impose fresh tariffs on several imports has sparked serious conversations about the health of the U.S. economy. Many business experts and top economists have …
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Trump slaps tariffs on Africa as he hails ‘Liberation Day’
Former U.S. President Donald Trump has once again stirred global trade waters by introducing heavy new tariffs that affect countries across Africa, as part of what he calls his “Liberation …
- Eastern AfricaEconomyTrade and Commerce
Tanzania Narrows Current Account Deficit as Export Earnings Surge
DAR ES SALAAM — Tanzania’s current account deficit has dropped significantly to $2.16 billion in the year ending February 2025, down from $2.91 billion in the same period last year, …
- BusinessBusiness InsightsEconomyFashion & StyleNigeriaTechnologyTrade and CommerceWestern Africa
Nigerian Fashion Industry Attracts Global Attention As Local Production Rises
Stakeholders in the fashion sector say Nigeria is on the verge of a major fashion industry boom, as global investors and designers begin to show serious interest in the country’s …
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Experts Say Nigeria Must Boost Production to Benefit from AfCFTA Tariff Removal
Economic experts have warned that Nigeria must increase local production and industrialisation if it wants to truly benefit from the African Continental Free Trade Area (AfCFTA) agreement, which offers a …
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Turkey’s Top Oil Refiner Buys Nigerian Crude, Giving Boost to Nigeria’s Revenue Plan
Nigeria’s oil revenue is set for a boost as Turkey’s biggest oil refining company, Tupras, has placed new orders for Nigerian crude oil expected to arrive between March and April …
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Dangote Refinery Price Strategy Sparks New Fuel Import Wave in Nigeria
The recent pricing strategy of Dangote Petroleum Refinery has come under the spotlight, as industry analysts reveal that its pricing model is now encouraging fresh importation of petrol into Nigeria. …
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Customs Intercepts N1bn Worth of Contraband in South-East
The Nigeria Customs Service, Federal Operations Unit, Zone C, Owerri, says it has seized smuggled goods worth over N1 billion in duty-paid value between March 20, 2025, and now. The …
- Banking, Finance & InvestmentEastern AfricaInternational RelationsNigeriaTrade and Commerce
Access Bank Set to Take Over Kenya’s National Bank After Central Bank Approval
The Central Bank of Kenya (CBK) has approved Access Bank Plc, one of Nigeria’s biggest financial institutions, to take full control of the National Bank of Kenya (NBK). This move …
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Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …