- NDLEA Arrests Convicted Cocaine Trafficker Disguised as Herbal Tea Trader
- Nigerian Army Dislodges Terrorists, Recovers Weapons in Sokoto
- Power Surge Sparks Fire in Anambra Duplex, Destroys Bus, Property
- Atiku to Probe N33.75bn Cash Transfer to 3.29m Nigerians
- Ilorin Market Fire: 12 Shops Affected in Mandate Market Blaze
- Anambra Nursing Student Murder: Police Arrest 26yo Suspect
- Plateau Orders School Closure Over Suspected Diphtheria Cases
- NSCDC Uncovers Illegal Sale of AK-47, Diversion of G3 Rifles by Personnel
Browsing: Business
The Business section covers the people, companies, policies, and economic forces shaping Nigeria’s commercial landscape. From banking, inflation, exchange rates, and oil and gas to investments, taxation, startups, entrepreneurship, and major corporate developments, we follow the stories affecting businesses, investors, and consumers.
By Deborah Nnamdi The Nigerian National Petroleum Company Limited (NNPCL) has announced that it is nearing the final stages of…
Photo: BYD and Tesla EVs By Douglas Maha with agency report The battle for electric vehicle (EV) market supremacy intensified…
The Tony Elumelu Foundation (TEF) has announced a $15 million capital injection to support 3,000 early-stage and scaling entrepreneurs across…
By Sadeeq Kamsela, Abuja Access Bank Plc is targeting a fresh 194 billion injection through its latest commercial paper (CP)…
A total of N1.678 trillion in Federation Account revenue for February 2025 has been distributed among the Federal Government, State…
Dangote Refinery has decided to halt the sale of petroleum products in naira as negotiations between Dangote Refinery and the…
By Deborah Nnamdi Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for…
By Deborah Nnamdi Max Air, an indigenous carrier, has announced it will resume domestic flight services on March 21, 2025.…
Africa’s richest man and President of Dangote Industries Limited, Alhaji Aliko Dangote, on Wednesday revealed his decision to take a…
China issued a stark warning that it is prepared to engage in “any type” of conflict with the United States in response to President Donald Trump’s escalating trade tariffs on Chinese imports. The tension intensified on Tuesday when President Trump raised tariffs on Chinese goods to 20%, prompting China to retaliate with its own set of tariffs—15% on American agricultural products. In a statement released on X (formerly Twitter), the Chinese Embassy in Washington declared: “If war is what the U.S. seeks— whether it be a tariff war, trade war, or any other type of confrontation—we are prepared to fight until the end.” The Embassy also addressed the ongoing fentanyl crisis, accusing the United States of using it as a pretext to justify tariff increases. The statement said, “If the U.S. genuinely wants to resolve the fentanyl issue, it should engage with China as equals and through dialogue.” China dismissed the U.S. stance as a “flimsy excuse” to impose further tariffs on Chinese imports, reaffirming that its countermeasures are legitimate efforts to protect its national interests. The Embassy insisted that the U.S. is primarily responsible for the fentanyl epidemic within its borders, noting that China has already taken significant steps to assist the U.S. in combating the issue. “In the spirit of humanity and goodwill towards the American people, China has been proactive in helping address this crisis,” the statement said. Despite these efforts, China expressed frustration at what it characterized as Washington’s ungrateful and coercive tactics. “Rather than acknowledging our contributions, the U.S. has attempted to shift blame to China and used tariff hikes as a tool of pressure. This approach not only fails to resolve the U.S.’s problems but undermines our cooperation on counter-narcotics,” the Embassy stated.…
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