An Ikeja Special Offences Court on Tuesday ordered forfeiture to the Federal Government, of Sigma Golf Nig. Ltd. rights, title and interest in 6,250,000,000 units of the Keystone Bank Ltd. ordinary shares of N1.00 each. The court also ordered winding up of the company. The News Agency of Nigeria (NAN) reports that Justice Rahman Oshodi…
President Donald Trump on Tuesday announced tariffs of 25per cent on all steel and aluminium imports into the United States (U.S.). The Republican signed orders to this effect at the White House and said that the tariffs would apply without exceptions and to imports from all countries. “This is a big deal, the beginning of…
Chief Secretary Eric Chan said Hong Kong will file a complaint to the World Trade Organisation (WTO) on the recent U.S. tariffs imposed on the country. Chan, the China-ruled city’s number two official, told reporters on Tuesday that the U.S. had completely ignored the city’s status as a separate customs territory. “This is absolutely inconsistent…
Hungary did not see any progress when it came to the resumption of gas deliveries through Ukraine, Hungarian Foreign Minister Peter Szijjarto said on Tuesday. “We don’t see any kind of forward progress, however, when it comes to the reopening of the deliveries of gas through Ukraine,’’ Szijjarto said in an interview. On Jan. 1,…
Turkmenistan said it had reached an agreement to transport its natural gas through Iran to Turkey, Chairman of the People’s Council of Turkmenistan Gurbanguly Berdimuhamedov said. Berdimuhamedov said on Monday, during a phone conversation with Iranian President Masoud Pezeshkian, the Neutral Turkmenistan official government newspaper has reported, “Chairman of Halk Maslahaty (People’s Council) had informed…
Taiwan says it has planned to purchase three Norwegian Advanced Surface-to-Air Missile Systems (NASAMS) systems from the United States (U.S.) for 24,99 billion Taiwanese dollars (about $761 million). The Taipei Times newspaper reported on Tuesday, citing the Taiwanese Defence Ministry. The systems are to be delivered by Dec. 31 2030, the Taipei Times reported. The…
Vice-President Kashim Shettima on Monday reaffirmed President Bola Tinubu’s commitment to economic reforms geared towards inclusive growth and bridging financial gaps across the country. Shettima gave the assurance while inaugurating the Presidential Committee on Economic and Financial Inclusion (PreCEFI), at the presidential villa, Abuja. The News Agency of Nigeria (NAN) reports that the move was…
The Nigerian Export Promotion Council (NEPC) has announced that the country’s trade volume in 2024 reached 7.2 metric tons, with a 20.7 per cent increase in value, totaling 5.45 billion dollars. Dr Nonye Ayeni, Executive Director of NEPC, made this statement during the Ministry of Industry, Trade, and Investment’s retreat for the presentation of the…
A Financial Expert, Prof. Uche Uwaleke, has commended the Federal Government for the additional N4.5 trillion in the 2025 budget proposal to strengthen development finance institutions. Uwaleke, a Professor of Capital Market and the President of Capital Market Academics of Nigeria gave the commendation in an interview with the News Agency of Nigeria (NAN) on…
U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminum imports into the United States, he said on Sunday. “Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on…
