The European Commission will not extend the duty-free import of goods from Ukraine beyond June 5, spokesperson Olof Gill announced on Wednesday. “The autonomous trade measures with Ukraine expire on June 5. The Commission does not intend to extend them beyond that date,” Gill told reporters. He added that the EU’s current priority was to…
Slovakia has voiced strong opposition to a new European Commission proposal aimed at ending the European Union’s reliance on Russian gas, oil, and nuclear fuel by 2027, warning that the plan would harm both national and regional interests. The Slovak Ministry of Economy issued a statement rejecting the Commission’s REPowerEU Roadmap, which outlined a phased…
Vice President Kashim Shettima has stated that African economies will thrive when the continent is able to lawfully share secured data. He sated this in Abuja, Tuesday at the opening ceremony of the Network of African Data Protection Authorities (NADPA), with the theme, “Balancing Innovation in Africa: Data Protection and Privacy in Emerging Technologies” and…
Is Cryptocurrency Secure? While cryptocurrencies e alternative to traditional banks and financial intermediaries, there is a significant responsibility involved: safeguarding your assets falls entirely on you. Here are several essential steps to protect your cryptocurrency from potential hacks. What is the Ideal Investment Amount in Crypto? For those new to cryptocurrency investment, starting with a…
Ope George, the Lagos State Commissioner for Economic Planning and Budget, has announced an ambitious revenue target of N2.96 trillion for the year 2025. This projection was revealed during the annual ministerial press briefing on Wednesday, coinciding with the two-year anniversary of Governor Babajide Sanwo-Olu’s administration. The target represents a 42.7% increase over the N2.08…
Deposit Money Banks (DMBs) have raised their short message service (SMS) alert charges by 50 per cent with effect from today, May 1. Among the banks are Guaranty Trust Bank, Ecobank as well as others that have informed their customers of the increase of the charges to N6 per one SMS. While GTBank announced a…
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) alongside the Organized Private Sector of Nigeria (OPSN) has raised alarms about Nigeria’s significant public sector deficit, which poses a serious risk to the Federal Government’s objective of transforming the nation into a $1 trillion economy by the year 2030. In a recent…
Experts have called for united efforts to strengthen the Economic Community of West African States (ECOWAS) integration to foster peace and security, while enhancing trade and economic growth in the West African region. They made the call at the ECOWAS @ 50 regional integration event by the Lagos Chamber of Commerce and Industry (LCCI) on…
U.S. President Donald Trump has expressed optimism that a solution can be reached on tariffs during his meeting with a Japanese delegation later on Wednesday. “Japan is coming in today to negotiate Tariffs, the cost of military support, and ‘trade fairness’. “I will attend the meeting, along with Treasury & Commerce Secretaries. Hopefully something can…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised the alarm over the potential threat posed to Nigeria’s oil revenue by renewed protectionist policies rolled out by United States President Donald Trump. NMDPRA Chief Executive Officer, Farouk Ahmed, who addressed journalists at the State House on Tuesday, said Trump’s aggressive tariff regime targeting…
