Tag: #GlobalTrade
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GULF CRISIS COULD SPIKE FUEL, FOOD PRICES — ECOWAS WARNS NIGERIA, WEST AFRICA
A conflict thousands of kilometres away could soon hit wallets across West Africa. The Economic Community of West African States (ECOWAS) has raised alarm over escalating hostilities in the Gulf region, warning that a prolonged crisis could drive up fuel and food prices in Nigeria and neighbouring countries already grappling with inflation and currency pressures.…
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MALAYSIA TO REVIEW TRADE AGREEMENT WITH U.S. AMID LEGAL UNCERTAINTIES
Prime Minister Anwar Ibrahim says Putrajaya is closely watching U.S. tariff disputes and Supreme Court rulings to safeguard national interests and $94B bilateral trade. Malaysia is carefully evaluating its stance on the Agreement on Reciprocal Trade (ART) with the U.S., Prime Minister Anwar Ibrahim told parliament on Tuesday. He noted ongoing legal developments in Washington,…
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LFZ GREEN CHANNEL TO BOOST PORT EFFICIENCY, CUT BUSINESS COSTS – CUSTOMS
New customs corridor promises faster cargo clearance, more jobs, and stronger port competitiveness. The Lagos Free Zone (LFZ) Green Channel, inaugurated on Wednesday at Ibeji-Lekki, is set to transform port operations in Nigeria. Comptroller-General of Customs, Bashir Adeniyi, said the initiative will make Nigerian ports more competitive, reduce business costs, and improve revenue collection. The…
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NIGERIA, UAE SEAL BIG TRADE DEAL TO OPEN MARKETS AND CREATE JOBS
Big news for Nigerian exporters and investors — a new door has just been flung wide open 🇳🇬🤝🇦🇪 Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting trade, attracting investment, and giving Nigerian businesses easier access to international markets. The development was confirmed in a statement…
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RUMP DROPS TARIFF BOMB: 25% HIT ON ANY NATION TRADING WITH IRAN
What if your next import from China or India suddenly cost 25% more—just for doing business with Iran? That’s President Trump’s fresh ultimatum, dropped on Truth Social amid Iran’s massive anti-government protests: “Effective immediately, any country trading with the Islamic Republic faces a 25% tariff on all U.S. business.” No fine print, no White House…
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CHINA SLAMS TRUMP’S VENEZUELA OIL CLAIM—LATAM CHOOSES ITS OWN PARTNERS!
President Trump telling oil execs that China and Russia can only buy Venezuelan crude under U.S. control? Chinese Foreign Ministry spokesperson Mao Ning fired back Monday, stressing Latin American nations are sovereign and free to pick their trade buddies, no strings attached! At the daily briefing, Mao dismissed the reports, vowing Beijing’s unwavering commitment: “No…
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US SUPREME COURT QUESTIONS TRUMP’S AUTHORITY ON SWEEPING TARIFFS IN HIGH-STAKES HEARING
The US Supreme Court justices, including conservatives, intensely questioned the Trump administration’s legal basis for imposing broad tariffs under the 1977 International Emergency Economic Powers Act (IEEPA). Over a two-hour hearing, Chief Justice John Roberts and others expressed skepticism about whether the president had the authority to bypass Congress on tariffs framed as national security…
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CHINA AND AFRICA REAFFIRM PARTNERSHIP TO ACCELERATE CHINA-AFRICA COOPERATION VISION 2035 IMPLEMENTATION
China and Africa have once again doubled down on their commitment to fast-track the implementation of their shared China-Africa Cooperation 2035 Vision, focusing on building a peaceful, sustainable, and people-centered community. This commitment was underlined during the 6th Abuja Forum themed “Deepening the Implementation of the China-Africa Cooperation 2035 Vision: Forging a Closer China-Africa Community…
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EXPERT OFFERS WAYS TO SPOT CREDIBLE ONLINE BUSINESSES AND CURB FRAUD
Transparency, verification, and innovation are keys to safe digital trade. UK-based tech expert Christiana Celestine advises consumers to look for transparency, verified vendors, buyer protection, and visible reviews to avoid online fraud. She urges Nigerian businesses to adopt escrow payments, multimedia proofs, and responsive customer service to build trust and boost global reputation. Celestine calls…
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BREXIT BOOSTS UK-NIGERIA TIES, NIGERIA TOP BENEFICIARY SAYS UK HIGH COMMISSIONER
Post-Brexit policies fuel Nigerian diaspora growth and stronger trade links with the UK. British High Commissioner Richard Montgomery revealed Nigeria as a top Brexit beneficiary, with Nigerians in the UK nearly doubling from 300,000 in 2021 to 550,000 in 2025 thanks to relaxed visa rules. Brexit has also allowed the UK to realign trade deals…
