ABUJA — Nigeria’s Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, has declared that President Bola Tinubu’s administration is ushering in a new era of growth and reform for the country’s livestock sector, describing it as a “renewed hope” for farmers, investors, and rural communities. The minister made the remark on
LONDON — Global crude oil prices have plummeted by over 3%, falling below the $70 per barrel threshold, following a ceasefire agreement between Israel and Iran brokered by former U.S. President Donald Trump. The truce, confirmed Tuesday morning, has significantly eased tensions in the Middle East, triggering a rapid decline in geopolitical risk premiums associated
ABUJA — Nigeria has officially commenced hosting duties for the 2025 Afreximbank Annual Meetings (AAM), bringing together key stakeholders from across Africa and the global financial landscape to discuss trade, investment, and continental economic integration. The event comes just days after the successful conclusion of the West Africa Economic Summit (WAES), where regional leaders united
LONDON — Global crude oil prices have plummeted by over 3%, falling below the $70 per barrel threshold, following a ceasefire agreement between Israel and Iran brokered by former U.S. President Donald Trump. The truce, confirmed Tuesday morning, has significantly eased tensions in the Middle East, triggering a rapid decline in geopolitical risk premiums associated
On Tuesday, the Nigerian naira exchanged hands at approximately ₦1,600 per US dollar in the unofficial, or “black”, foreign exchange market, according to reports from Nairametrics. Traders on this parallel market—outside the Central Bank’s official windows—were quoting rates hovering around this key threshold. Domestic demand for the dollar remains strong, exerting downward pressure on the
WASHINGTON — The United States government has called on China to use its diplomatic influence to discourage Iran from taking steps toward closing the Strait of Hormuz, a key global oil transit route, warning that such an action could severely disrupt the international energy supply chain and escalate tensions in the Middle East. The appeal
ABUJA — Nigeria’s Vice President, Senator Kashim Shettima, has called for the urgent integration of Africa’s vast informal economy into the continent’s formal intra-African trade framework, describing the informal sector as a key driver of sustainable economic growth and regional competitiveness. The Vice President made this call during the inauguration of the Oversight Committee for
June 23, 2025 – Global Desk Report Amid rising tensions in the Middle East triggered by U.S. military strikes on key Iranian nuclear facilities, Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani have issued stern warnings over the growing threat such instability poses to the global energy market. President Putin, addressing the
Abuja, June 23, 2025 – In a major boost to trade facilitation and global economic linkages, the Nigeria Customs Service (NCS) has fully endorsed its participation in the UN/CEFACT framework and launched a speedy integration of advanced digital trade tools — including the Authorized Economic Operator (AEO) programme and Fast‑Track 2.0 platform. The AEO initiative,
Abuja, June 23, 2025 – President Bola Tinubu officially inaugurated the first phase of a groundbreaking Nigeria–Belarus agricultural mechanisation initiative, marking a major milestone in efforts to modernise the country’s agricultural sector and boost food security. During the ceremony, Tinubu flagged off the arrival of 2,000 tractors and 9,072 assorted agricultural implements—including ploughs, harrows, and
