President-elect Donald Trump announced plans to impose 100% tariffs on countries in the BRICS alliance—comprising China, Russia, and other emerging economies—unless they pledge not to create a new currency during his administration. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We … Read more
The Presidency has emphasized that Nigeria’s economic significance and population size position the country as a strong candidate for admission into the G20 economic group. In a statement released on Monday, the Presidency highlighted that President Bola Tinubu’s participation in the G20 Summit in Brazil serves as an opportunity to advocate for Nigeria’s inclusion in … Read more
The World Trade Organization (WTO) has confirmed that Ngozi Okonjo-Iweala, the current Director-General, is the sole candidate for reappointment as her first term nears its conclusion. The WTO issued a statement on Saturday confirming Okonjo-Iweala’s willingness to serve a second four-year term, which she communicated on September 16. EDITOR’S PICKS Electricity Meter Costs Rise Again … Read more
The return of Donald Trump as the 47th President of the United States may lead to intensified inflationary pressures in Nigeria and a potential drop in global oil prices, which would negatively impact Nigeria’s oil revenue. This outlook was shared in an investor note from FXTM, a prominent trading platform, authored by Senior Market Analyst … Read more