January 22, 2020

The British High Commissioner, Catriona Laing, on Tuesday said the UK-Africa Investment Summit has launched a new partnership for growth in Nigeria.

The British Commissioner said in a statement that commercial deals worth £324 million (over ₦153.4 billion) has been signed between Nigeria and UK Investors.

NAN reports that 21 African countries met in London on Monday for the inaugural UK-Africa Investment Summit, which included African...

November 22, 2019

President of the Nigerian Senate, Ahmed Lawal has commended the ECOWAS Parliament for being steadfast in the resolution of the many challenged confronting the sub-region.

Speaking at the opening of the Second Ordinary Session of the ECOWAS Parliament, Lawan who was represented by his Deputy, Sen. Ovie Omo-Agege urged the parliament not to relent in performing its core function.

The President of the Senate noted sadly that ECOWAS count...

November 6, 2019

China is seeking the roll back of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.

Negotiators asked the Trump administration to eliminate tariffs on about $110 billion in goods that were imposed in September and lower the 25% tariff rate on about $250 billion that bega...

October 21, 2019

British Prime Minister Boris Johnson is still at odds with Parliament over how to break the Brexit impasse as the EU considers his half-hearted request for a delay to the October 31 deadline.

Mr Johnson has endured defeats in Parliament but hopes to turn it around with a majority vote for his new Brexit divorce deal. The numbers are tight and there is a chance he could win.

A vote is possible in the coming days. He also needs to enact...

October 9, 2019

U.S. President Donald Trump on Monday signed a new trade deal with Japan, the White House said.

The countries had announced an initial deal in September, including increased access to Japanese markets for U.S. agricultural producers.

The deal comes as Trump struggled to finalise more complete trade deals with a number of key commercial partners, including Europe, China, Mexico and Canada.

Meanwhile, U.S. threat remained of imposing...

September 6, 2019

MTN Nigeria Communications Plc, on Wednesday, confirmed attacks, saying that all MTN stores and service centres would be closed until further notice.

The company stated this in a letter sent to the Nigerian Stock Exchange (NSE) by its Company Secretary, Uto Ukpanah.

Ukpanah, in the letter, confirmed that over the last day “our facilities, customers and some of our stakeholders have been the subject of attacks in retaliation for the on...

September 6, 2019

China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said, amid fears that an escalating trade war could trigger a global economic recession.

Asian shares extended gains and US stock futures jumped on the news.

The announcement followed a call earlier in the day between China’s Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secret...

September 4, 2019

China says it has filed a complaint against the United States with the World Trade Organization (WTO), after Washington imposed new tariffs on billions of dollars of Chinese imports in an escalating trade war between the two world powers.

China’s Commerce Ministry said in a statement  that Beijing would defend its legal rights in accordance with the rules of the international organization that limit the tariffs each country is allowe...

September 4, 2019

The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Hassan Bello says high cost of shipping has an adverse effect on the economy of Nigeria and other African countries.

Bello said this in an interview with newsmen shortly after the meeting of members of Union of African Shippers Council (UASC) in Abuja on Wednesday.

He said that part of discussions at the meeting included how to address high charges and transport cost among...

August 30, 2019

Boris Johnson said the UK and EU need to “step up the tempo” with bi-weekly Brexit talks. While Johnson tries to quickly renegotiate a divorce deal, his plans to suspend Parliament are being challenged in court.

British Brexit negotiators will start meeting twice a week in September with their European Union counterparts to ensure the UK will not crash out of the bloc without a deal in just a few weeks’ time, the British government s...

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