Manufacturers urge suspension of 4% FOB levy amid rising costs
The Manufacturers Association of Nigeria has warned that the new 4% import levy will raise production costs, worsen inflation, and reduce industrial competitiveness.
Business and Economy
Naira falls below N1,550/$ as dollar strengthens globally
The Naira slipped below N1,550/$ amid a stronger U.S. dollar, though rising reserves and FX reforms provided some support
U.S. posts $576m trade surplus with Nigeria despite tariff concerns
U.S. swings to a $576m trade surplus with Nigeria in H1 2025 as exports surge and imports dip.
Vibe Coding CEO: A computer science degree is no longer tech’s ‘entry ticket’
n an interview with Business Insider, Lovable CEO Anton Osika argued that the rise of AI-powered “vibe coding” tools has dismantled the traditional requirement of a computer science degree for a tech career…
Spotify to hike subscription prices, add new features
Spotify will raise subscription fees globally while launching new services, aiming to reach one billion users and improve profitability.
Powell signals possible rate cut but avoids firm commitment
The Fed Chair Jerome Powell pointed to a possible rate cut but stopped short of committing to cutting interest rates in remarks that walked a narrow line, acknowledging growing risks to the job market while also saying risks of higher inflation remain.
FG, states, LGs share record N2trn revenue for July
FAAC has shared a total of ₦2.001 trillion July revenue among the three tiers of government. The Federal Government received ₦735.081 billion, states ₦660.349 billion, and LGs ₦485.039 billion.
FG rolls out ₦100bn projects across Ogun, Kano, Akwa Ibom constituencies
The Federal Government has allocated over ₦100 billion in constituency (ZIP) projects for 2025, heavily favouring empowerment and agriculture while critical sectors like education, health, and infrastructure receive disproportionately less
Adeleke engages U.S. leaders, business executives, affirms Osun is ready for partnerships
Governor Ademola Adeleke has assured investor-friendly reforms and security in Osun while seeking stronger economic partnerships with U.S. leaders in Atlanta.