Despite a dip in crude oil and condensate output to an average of 1.51 million barrels per day (mbpd) in February, the Nigerian National Petroleum Company Limited (NNPC) said it grew its revenue to N2.68 trillion, up from N2.57 trillion in January
The NNPC said it also remitted N1.804 trillion to the federation account in February.
Full story at Gazette NG
By News Agency of Nigeria
A statement on Monday, April 13, by Special Adviser on Media and Communications to the Minister, Ogho Okiti, said the global economic shock had impacted the “government’s economic reform plans for wealth creation and lifting millions out of poverty.”
Edun emphasised that Nigeria was not insulated, but more resilient, citing some reforms such as the crude-for-naira policy and increased oil production as supportive and economically impacting policies.
By Harrison EDEH
Full story at ICIR Nigeria
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By Unicorn Media & Communications.
Speaking to Xinhua on the sidelines of the ongoing International Poultry and Livestock Exhibition Africa (IPLEX), Vuyiswa Ramokgopa, Gauteng's member of the Executive Council for Agriculture and Rural Development, said the policy could help expand Africa's agricultural exports to the Chinese market.
"We welcome China's announcement to implement zero-tariff treatment on 100% of tariff lines for imports. This decision presents a significant opportunity for Africa, and for South Africa in particular, to expand exports and unlock new growth in key sectors such as agriculture," Ramokgopa said.
By Xinhua
Full story at IOL
The acting Area Command, Mr. Najeem Ogundeyi made the disclosure in Ilorin, the state capital during the media press briefing on the activities of the Command in the past two months in the state.
According to him, “It is barely two months since our last press briefing, during which we highlighted the significant successes recorded through our robust anti-smuggling operations across the Command’s area of responsibility.”
By Hammed Shittu
Full story at Thisday Live
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| The deal Sir Keir Starmer and Donald Trump struck last year gave British exporters an advantage over other countries - Chris J Ratcliffe/EPA/Shutterstock |
An analysis by Global Trade Alert, a monitoring service, found that the UK faces an effective 2.1 percentage point increase in its tariff bill as a result of Mr Trump’s new 15pc global baseline.
While it may sound small, it is the largest increase among the US’s top 20 trading partners.
The British Chambers of Commerce (BCC) said exports faced an additional cost of between £2bn and £3bn after the president raised tariffs on all imports from 10pc to 15pc on Saturday.
By Tom Haynes
Full story at Yahoo News
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| President Donald Trump during a press conference at the White House on February 20 to discuss the Supreme Court's ruling against a major part of his tariffs. (Mandel NGAN / AFP via Getty Images) · MANDEL NGAN via Getty Images |
The court’s majority opinion was silent on that top-of-mind issue for companies, while President Trump signaled that he wouldn't give tariff refunds willingly.
"I guess it has to get litigated for the next two years," the president said as he declined to respond directly to a question of whether he would honor refunds for companies that file for them.
By Ben Werschkul
Full story at Yahoo News