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The United States has reduced the fee for Americans seeking to formally renounce their citizenship by more than 80 percent, dropping the cost from $2,350 to $450 in a policy reversal that advocacy groups are describing as a victory for citizens living abroad who face steep tax compliance burdens. The fee reduction, which…
President Bola Tinubu arrived in London on Tuesday for a state visit hosted by King Charles III, marking the first formal state engagement between Nigeria and the United Kingdom in nearly four decades as both nations seek to deepen economic, security, and diplomatic cooperation amid shifting global alliances. The three-day visit, which begins with…
The Nigeria Labour Congress has called on the Federal Government to deploy projected oil revenue windfall from the ongoing Middle East crisis to protect Nigerian workers and citizens from the economic impact of petrol prices that have surged to between N1,170 and N1,300 per litre across the country. In a statement issued Thursday by…
The United States has launched a formal trade investigation into Nigeria and 59 other countries, accusing them of failing to prohibit imports of goods produced with forced labour and thereby granting unfair competitive advantages to manufacturers who exploit forced workers in global supply chains. The Office of the United States Trade Representative initiated the…
Indigenous technology company Wowbii Infrastructure has donated 20 units of interactive boards to the Unity Schools Old Students Association as part of efforts to strengthen digital learning infrastructure in Federal Government Colleges and align Nigeria’s public education system with global classroom technology standards. The presentation of the equipment took place over the weekend in…
Sustained bargain hunting in heavyweight stocks drove the Nigerian Exchange Limited market capitalisation up by N923 billion last week, extending the rally that has defined domestic equity trading in recent weeks and further strengthening investor confidence in Nigerian equities. The all-share index closed the week at 198,407.3 points, representing a 0.73 per cent week-on-week gain,…
African governments are increasingly turning to domestic borrowing to finance public spending as access to international capital markets remains constrained, a shift that offers protection from foreign exchange shocks but introduces fresh financial risks that threaten banking stability and economic growth across the region. The International Monetary Fund disclosed in its latest analysis titled…
The Centre for the Promotion of Private Enterprise has warned that Nigerian businesses face mounting existential threats from the current surge in global energy prices, driven by escalating geopolitical tensions in the Middle East that have pushed crude oil to $100 per barrel and refined fuel above N1,000 per litre. In an advisory note…
United States President Donald Trump has issued a stark warning that the North Atlantic Treaty Organization faces a “very bad” future if European allies refuse to contribute military resources toward reopening the Strait of Hormuz, the strategic waterway effectively closed by Iran during the escalating Mideast conflict. Speaking to The Financial Times in a…
African Democratic Congress chieftain and former presidential candidate Dele Momodu has predicted that President Bola Tinubu will lose the 2027 general election if former Vice President Atiku Abubakar forms a joint ticket with a prominent southern politician such as Peter Obi or former Rivers State Governor Rotimi Amaechi. Momodu made the declaration on Sunday…
