Trade

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Trade

Canada announces $21b in new tariffs against US

Ontario, March 13, 2025 – Canada on Wednesday announced $21 billion in new tariffs against the United States. The tariffs, which take effect from Thursday, are indication of escalation in the trade war with the U.S. This development is coming after President Donald Trump’s 25 percent tariffs on Canada’s steel and aluminum went into effect. Canada is the largest foreign supplier of both metals to the U.S. Canadian Finance Minister Dominic LeBlanc said on Wednesday that the list of products impacted by this tariff includes computers, sports equipment and cast …

Foreign Trade

Zelensky to meet with Trump if invited back

London, March 3, 2025 – Ukrainian President Volodymyr Zelenskiy said he’s willing to meet Donald Trump if the US president invites him again “to solve real problems,” adding his country is ready to accept a minerals deal that was put on hold last week. “We are worthy of an equal dialog,” Zelenskiy said Sunday in London after attending a security summit of European leaders meant to rally support for Ukraine.   Zelensky chose his words carefully after his clash with Trump and Vice President JD Vance on Friday during an acrimonious …

Trade

Trump says he will introduce 25% tariffs on autos, pharmaceuticals, chips

Palm Beach (Florida), Feb 19, 2025 – U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. On Friday, Trump said levies on automobiles would come as soon as April 2, the day after members of his cabinet are due to deliver reports to him outlining options for a range of import duties as he seeks to reshape global trade. Trump has …

Business Planning Money market Trade

Top brands to partner Ecobank for Inaugural Design & Build Expo

Lagos, Nov. 21, 2024 – Leading global brands in the building, design and finance sectors are partnering with Ecobank Nigeria for its inaugural Design & Build Expo. The key partners include SABA Steel, Nigeria’s largest steel manufacturer; Coleman Wire & Cables, the leading cable producer in West Africa and Donna Spectre, a prominent indigenous oil and gas logistics company. Others are Dulux Paints, a top paint brand in Nigeria; HTL Africa, a forward-thinking architectural firm and ITB Nigeria Limited, leading Construction Company in Nigeria and West Africa. Other partners include …

Foreign Politics Trade

Okojo-Iweala, WTO chief, seeks second term 

Geneva, Sept. 16, 2024 – Ngozi Okonjo-Iweala, the WTO Director-General, will seek another four-year term as head of the World Trade Organization following a broad Africa-led push to start the process early, aiming to complete “unfinished business” from her first mandate. Okonjo-Iweala, 70, a former Nigerian finance minister, made history by becoming the first female and African chief of the 30-year-old trade body in 2021. “I would like to be part of this chapter of the WTO story and I stand ready to compete for the position,” Okonjo-Iweala told Reuters on …

Foreign Investment Politics Trade

Nigeria to strengthen partnership with Indonesia

Bali (Indonesia), Sept. 2, 2024 – The Federal Government of Nigeria has expressed its readiness to strengthen relations with Indonesia. Mohammed Idris, the Minister of Information and National Orientation, made the pledge at the ongoing second Indonesia-Africa Forum in Bali, Indonesia. He said there were lots the two countries could gain from untapped economic potential between both countries. According to a statement by Suleiman Haruna, a Deputy Director, Press, in the ministry, the minister is representing President Bola Tinubu at the meeting. The statement reads in part: “The Minister reiterated …

Manufacturing/Industry Trade

Nigeria’s Chiejina on global “Influence 100” list for 4 years running

By Paul Ejime Abuja, Aug. 2, 2024 – Global PR firm, PRovoke Media has listed Anthony Chiejina, Group Head of Corporate Communications, Dangote Industries Limited, as one of the “100 most influential communications and marketing executives in the world” in 2024, and for the fourth consecutive year. Chiejina was among the 100 influencers for 2021, 2022, and 2023, and shares the 2024 illustrious list with global Communications, Brand and Marketing Executives such as Bea Perez, Executive Vice President (EVP), Global Chief Communications, Sustainability & Strategic Partnerships Officer, Coca-Cola, Andreas Bartels, …

Trade

Africa-Caribbean trade can reach $1.8b by 2028 – Afreximbank

Nassau (The Bahama), July 5, 2024 – The value of trade between Africa and the Caribbean can rise to $1.8 billion per year by 2028 if value addition, trade facilitation and improved logistics are prioritised. The value of current trade between Africa and the Caribbean excluding tobacco, arms/ammunition and fossil fuels, is estimated at $729 million. The African Export-Import Bank (Afreximbank) said this was the result of a new research it carried out with the International Trade Centre (ITC). It said current bilateral trade in goods between the two regions …

Entertainment General News Trade

Ecobank’s “Adire Lagos” fair opens with over 100 exhibitors

Lagos, June 18, 2024 – The annual Ecobank “Adire Lagos” exhibition has taken off in grand style with over 100 exhibitors showcasing their wares. The four-day fair, which opened June 14 and ends 17th, is taking place at the Ecobank Pan African Centre (EPAC) complex located in Victoria Island in Lagos. Originating from Abeokuta in Southwestern Nigeria, Adire textile is an indigenous indigo-dyed cloth made by using different wax-resistant methods to create dazzling designs. The four-day Adire exhibition, returning for the third year in a row, is to promote culture, tourism, …

Business Solutions Manufacturing/Industry Trade

US to expand AGOA to all African countries, extend it’s lifespan to 2041

Nairobi, April 29, 2029 – The United States is planning to extend beneficiaries of the African Growth Opportunities Act (AGOA) to all African countries and also extend its lifespan to 20241. The extension is expected to integrate AGOA with the African Continental Free Trade Agreement (AfCFTA) to support the development of intra-African supply chains. AGOA was enacted by the US in 2000 to facilitate more African exports to the U.S by allowing some African products, particularly textiles, to enter the U.S. duty-free. The Act will expire in 2025.. Speaking in …