The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to offset outstanding pension liabilities for all categories of federal pensioners.The approval granted yesterday, on the second day of the FEC meeting at State House, Abuja, will allow the Debt Management Office (DMO) to raise funds needed to settle pension arrears…
U.S. President Donald Trump is expected to sign an order on Saturday imposing hefty new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China, potentially disrupting more than $2.1 trillion worth of annual trade. Trump, working from his Mar-a-Lago estate in Florida this weekend, said on Friday that there…
President Donald Trump has said he believes the US will gain control of Greenland, after showing renewed interest in acquiring the autonomous Danish territory in recent weeks. “I think the people want to be with us,” Trump said when asked about the island in the press room on board the presidential plane. “I don’t really…
Netflix is ringing in the new year with two big pieces of news. First, in the fourth quarter of 2024, subscriber count crossed the 300 million mark and revenue growth wildly exceeded expectations. Second, despite this apparent success, the wildly popular streaming video service is looking for even more money and will be bumping up…
U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.S. via Mexico and Canada. Trump voiced his latest tariff threats in remarks to reporters at the White House…
Canada’s outgoing prime minister and the leader of the country’s oil-rich province of Alberta are both confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Feb. 1. Justin Trudeau and Danielle Smith will argue that Canada is the energy superpower that has the oil and critical minerals that America…
The Nigerian Communications Commission (NCC) has approved the request by telecom operators for tariff adjustments in the telecoms industry.The approval, which is a 50 percent hike in telecoms tariff, is coming when different telecoms subscribers’ groups are kicking against any tariff hike that will further impoverish telecoms subscribers, especially small business owners whose offices and…
Dangote Petroleum Refinery said the recent adjustment in its ex-depot price of Premium Motor Spirit (petrol) is directly related to the significant increase in global crude oil prices. The ex-depot price of petrol has been adjusted from N899.50 to N950 per litre, marking a 5% increase. However, Dangote Refinery emphasised that this increase is notably…
U.S. President-elect Donald Trump has told advisers he wants to travel to China after he takes office, the Wall Street Journal reported on Saturday, quoting people familiar with the discussions. Trump has expressed interest in traveling to China in his first 100 days in office, the report said, citing one of the people. Trump’s inauguration…
TikTok has restored access to its app after President-elect Donald Trump said he would issue an executive order on Monday to delay banning the Chinese-owned social media app. Trump, whose inauguration is at noon ET on Monday, also said in a post on his social media platform Truth Social that he wants the U.S. to own half…
