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Cheng Jingye

US initiated trade war, spreading harm around world – Chinese envoy

Chinese Ambassador to Australia, Cheng Jingye, in a signed article on Thursday said China rejects escalation of the U.S. initiated trade war, which is spreading harm around the world.

Ghana named AfCFTA headquarters as AU targets $3.4 trillion economic bloc

African leaders last weekend named Ghana as the host of the future headquarters of the continental free trade zone which is expected to unite 1.3 billion people, and create a $3.4 trillion economic bloc that would usher in a new era of development.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 2

AfCFTA: Free trade must be fair – President Buhari

With the signing of the African Continental Free Trade Area (AfCFTA) agreement by President Muhammadu Buhari at the opening of the African Union (AU) Summit yesterday in Miami, Niger, Nigeria has joined the AfCFTA.
Hippolyte Fofack

Nigeria, Africa’s total merchandise trade at $997.9 billion

Nigeria and the rest of Africa’s total merchandise trade in 2018 have been estimated to be 997.9 billion dollars, retaining its number one position as the fastest growing regions in the world.

IMF: US, China trade war threatens global growth

Ongoing trade war between the United States (U.S.) and China over tariff hike could slash global economic output by 0.5 per cent next year, the International Monetary Fund (IMF) warned yesterday. The warning is coming ahead the meeting of global finance leaders in Japan this weekend.
Spanish Foreign Minister Josep Borrell

Spain lashes out at Donald Trump over Cuba, Venezuela

Spain’s foreign minister on Wednesday lashed out at Washington’s decision to lift a ban on lawsuits in US courts over property confiscated by Cuba, calling the move an “abuse of power” that would lead to a “legal battle”.
European Union flags are seen outside the EU Commission headquarters in Brussels, Belgium November 14, 2018. REUTERS-Francois Lenoir-File Photo

No breakthrough expected in EU-China summit

Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade look set for disappointment.
At least 42 people died in the attack, the deadliest in Kashmir in more than two decades [AFP]

India warns Pakistan of a ‘strong response’ for Kashmir attack

India's Prime Minister Narendra Modi has promised a "strong response" one day after at least 42 troops were killed in Kashmir, with New Delhi calling for "the complete isolation of Pakistan" for harbouring the armed group behind the devastating attack.

Official: Nigeria to host 5th Agro-food expo

Eight countries are expected to participate in the fifth Agro-food and Plastprintpack Nigeria 2019, aimed at providing solutions to the challenging needs of the entire agricultural value chain.
Liu He

China, Germany strengthen financial cooperation

China and Germany held their second High Level Financial Dialogue in Beijing on topics including the global macroeconomic situation, economic governance, China-Germany strategic cooperation, financial cooperation and financial supervision.
Greg Clark

UK minister breaks ranks with no-deal Brexit warning

Britain’s business minister on Thursday warned that the prospect of crashing out of the European Union without an agreement would be “disastrous” for the country, as fractious MPs prepare to vote on a contentious Brexit deal.
The Asian Cup kicked off in the UAE on Saturday and will run until February 1 [Hassan Ammar-AP]

AFC vows legal action over pirate beoutQ broadcasting Asian Cup

Organisers of the 2019 football Asian Cup have vowed to take legal action against pirate company, beoutQ, for illegally broadcasting its matches in an ongoing piracy row in the Gulf region.
US, Chinese leaders in Buenos Aires

China, US announce tariff ceasefire

The United States and China have announced a ceasefire in their tariffs war, hours after US President Donald Trump upended another international forum by snubbing G20 action on trade disputes and climate change.
fry or chip

Belgium, Colombia at war over tariff on chips

Belgium, the self-proclaimed inventor of the French fry or chip, urged Europe on Friday to help it fight a tariff slapped on its iconic export by Colombia.
United Nations UN

ECA: Nigeria to host Africa Trade Forum 2018

The United Nations Economic Commission for Africa (ECA), on Wednesday said Nigeria is set to host the Africa Trade Forum 2018.
Former Nigeria's President Olusegun Obasanjo

Olusegun Obasanjo: Muhammadu Buhari’s hands too weak to sign African free trade agreement

Former President Olusegun Obasanjo has said President Muhammadu Buhari’s hands are too weak to sign the African Free Trade Agreement (AfCTA).
A video grab from footage broadcast by the UK Parliament's Parliamentary Recording Unit (PRU) shows Britain's Prime Minister Theresa May as she makes a statement to MPs in the House of Commons in London on September, 2018, on the progress of the police investigation into the March 4 nerve agent attack in Salisbury, on former Russian spy Sergei Skripal and his daughter Yulia.British prosecutors said Wednesday they have a European arrest warrant for two Russians suspected of a nerve agent attack on a former spy in the city of Salisbury. Police identified Alexander Petrov and Ruslan Boshirov as the men who allegedly tried to kill Russian former double agent Sergei Skripal and his daughter Yulia with Novichok in March. / AFP PHOTO / PRU AND AFP PHOTO / HO /

40 UK lawmakers willing to vote down Brexit deal

At least 40 lawmakers in Prime Minister Theresa May’s Conservative Party are willing to vote down her possible Brexit deal if it leaves European Union (EU), a senior lawmaker said on Tuesday.

Chibuike Amaechi tasks Shippers’ Councils on issues affecting trade facilitation

The Minister of Transportation, Mr Rotimi Amaechi, on Tuesday, urged African Shippers’ Councils to focus on the implementation of World Trade Organisation (WTO), Trade Facilitation Agreement (TFC), and issues relating to trade.

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Fulani herdsmen

Institute: Ranches will address farmers-herders conflicts, insecurity

The Institute of Corporate Administration (ICA) on Monday advocated for the creation of ranches in states to permanently address farmers/herders conflicts and drive agricultural development in the country.

Fire engulfs Unity Bank’s head office in Lagos

The head office of Unity Bank on Victoria Island, Lagos State has been gutted by fire.
The Controller of the Nasarawa State Command of the Nigeria Correctional Service, Emmanuel Okoro, on Thursday refuted reports by a section of the media which claimed there was a jail break at the Keffi Old Prison.

Man jailed for robbing policeman

An Oredo Magistrate Court has sentenced an 18-year old boy, Chetamu Ominyi, to five months imprisonment for assaulting and stealing the cell phone of a policeman, Sergeant Danguma Abdul.
The Acting Chief Justice of Nigeria (CJN), Ibrahim Tanko Muhammed has explained that Nigeria’s Judicial arm of government headed by him has been infested with corrupt elements.

CJN skirts around Justice Onnoghen crisis in new legal year speech

The Chief Justice of Nigeria, Justice Tanko Muhammad, on Monday, made only a veiled reference to his predecessor, Justice Walter Onnoghen, whose career, came to an abrupt end under controversial circumstances earlier this year.
Gold

Gold hits more than one-week high on Gulf tensions

Gold rose to its highest in more than a week on Monday, supported by Middle East tensions and uncertainty over U.S.-China trade talks, while palladium hits an all-time high.