Singapore has tightened its monetary policy for the second time in three months, as rising energy costs linked to ongoing tensions in the Middle East continue to raise concerns about inflation and global supply chains. On Monday, July 27, the Monetary Authority of Singapore (MAS) announced a slight increase in the rate of appreciation of…
A new wave of U.S. import tariffs officially took effect on Friday, July 24, replacing the temporary 10% global tariff that had been in place since February and marking a significant shift in the Trump administration’s trade policy. The new measures impose tariffs ranging from 10% to 12.5% on imports from 60 trading partners, covering…
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching the long-awaited ECO single currency in 2027, describing the initiative as a major step towards deeper regional economic integration, stronger intra-African trade, and sustainable economic growth. The decision was announced in the final communiqué issued after the 69th Ordinary Session of…
The ₦2 billion donation announced by First Lady Oluremi Tinubu for the revival of Akwete weaving has sparked more than conversations about funding. It has reignited a national discussion about whether Nigeria’s indigenous crafts can become viable industries capable of creating jobs, boosting exports, and preserving cultural heritage. During her visit to Akwete in Abia…
Nigerian courts have ordered the final forfeiture of billions of naira worth of assets linked to former Attorney-General of the Federation Abubakar Malami and businesswoman Aisha Achimugu, marking two of the country’s biggest civil asset recovery rulings in recent years. The decisions followed applications by the Economic and Financial Crimes Commission (EFCC), which argued the…
The Yobe State Government has approved the release of ₦460.83 million to support 1,780 women entrepreneurs through a grassroots empowerment program aimed at strengthening small businesses and improving livelihoods across the state. The approval was granted during the State Executive Council meeting chaired by Governor Mai Mala Buni in Damaturu. According to the Commissioner for…
The Nigerian Export Promotion Council (NEPC) has called on members of the ECOWAS Trade Promotion Organization (TPO) Network to pursue alternative funding sources to strengthen regional trade promotion and economic integration across West Africa. Speaking at the 6th Annual General Assembly of the Network in Dakar, Senegal, NEPC Executive Director and Chief Executive Officer Mrs….
National President of the National Union of Road Transport Workers (NURTW), Musiliu Akinsanya, popularly known as MC Oluomo, has sparked widespread debate after saying his life experience and practical knowledge have made him “more knowledgeable than many graduates,” despite having little formal education. Speaking at the 50th birthday celebration of Islamic singer Hafsat Adegoke in…
Commercial vessels have begun safely transiting the Strait of Hormuz under a newly launched United Nations emergency evacuation scheme, offering a major boost to global trade and energy markets after months of disruption in one of the world’s most critical shipping corridors. The operation follows intensive regional diplomacy and the recent U.S.-Iran ceasefire framework aimed…
