Ehime Alex

1 day ago | icirnigeria.org | Ehime Alex

US President Donald Trump has said a potential U-turn on his trade war with China was likely, amid continued market volatility. He hinted specifically that the high tariffs imposed on Chinese goods will “come down substantially, but it won’t be zero” while remarking at a White House news event, CNN reported on Wednesday, April 23. “145% is very high and it won’t be that high. It won’t be anywhere near that high. It’ll come down substantially.

2 days ago | icirnigeria.org | Ehime Alex

DESPITE the much touted economic reforms of the Bola Tinubu administration, International Monetary Fund (IMF) has downgraded Nigeria’s real gross domestic product (GDP) by 2.0 per cent from the 3.2 per cent it had forecast earlier. The Bretton Woods institution says Nigeria’s economy will now grow by 3.0 per cent this year, citing lower oil prices as the reason for the downgrade. It projected this in its April 2025 World Economic Outlook report released on Tuesday, April 22.

2 days ago | icirnigeria.org | Ehime Alex

THE Centre for the Promotion of Private Enterprise (CPPE) has called for a withdrawal of the Raw Materials Research and Development Council (RMRDC) Bill currently before the National Assembly, warning that the bill has the prospect of creating significant adverse and unintended consequences for Nigerian exporters and manufacturers. The CPPE Director and Chief Executive Officer, Muda Yusuf, raised concerns over the bill in a statement on Monday, April 21.

3 days ago | icirnigeria.org | Ehime Alex

THE Minister of Aviation and Aerospace Development, Festus Keyamo, has described media reports that the Federal Government had agreed to a lengthy concession period for the Enugu International Airport as untrue. The minister stated this in a statement on Monday, April 21, by his Special Adviser on Media and Communications, Tunde Moshood.

1 week ago | icirnigeria.org | Ehime Alex

IT all started on Friday, April 11, as a suspicion when a digital asset trading platform, Crypto Bridge Exchange Smart-Treasures (CBEX), postponed its investors withdrawals. By Monday, April 14, the funds on each investor’s dashboard have been wiped out. This elicited worries that the platform had crashed. Nigerians who invested their fortune on the platform lost it.