Donald Trump told Xi Jinping on Thursday that the United States and China would have “a fantastic future together” as the two leaders opened high-stakes talks in Beijing on trade, Iran and Taiwan. Trump praised Xi during a lavish welcome ceremony at Beijing’s Great Hall of the People, describing it as “an honour to be...
Category: Business
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Dangote Rejects NNPC Bid For Higher Sake In Refinery
Aliko Dangote said his conglomerate rejected attempts by the Nigerian National Petroleum Company Limited to increase its 7.25% stake in the $20 billion Dangote Petroleum Refinery saying the group plans to list the refinery publicly and broaden ownership among Nigerians. Dangote, president of the Dangote Group, disclosed this during an interview with Nicolai Tangen according...
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Global Wine Consumption Falls As Consumers Tighten Spending
Global wine consumption fell in 2025 as economic pressure, shifting lifestyles and changing consumer habits weighed on demand, the industry’s trade body said on Tuesday. The International Organisation of Vine and Wine (OIV) said in its annual review that the sector faced “a combination of climatic variability, softer demand and rising trade uncertainty” in 2025....
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Tinubu Hails France-Nigeria Business Council Outcomes
President Bola Ahmed Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held during the Africa Forward Summit in Nairobi, Kenya, describing the engagements as evidence that relations between Nigeria and France are shifting from discussions to concrete economic action. President Tinubu noted that trade between both countries reached 4.7 billion dollars...
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FCCPC Backs Lagos Electricity Reforms Targeting Estimated Billing
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday praised reforms introduced by the Lagos State Electricity Regulatory Commission (LASERC) aimed at reducing estimated billing and strengthening consumer protection in Lagos’ electricity market. In a statement signed by FCCPC Director of Corporate Affairs Ondaje Ijagwu, the commission said the reforms, outlined in LASERC’s 2025...
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Nigeria Customs CG Pushes Regional Modernisation At WCO Conference
Nigeria’s Comptroller-General of Customs, Adewale Adeniyi, reaffirmed the country’s commitment to regional modernisation and cooperation during the 32nd Conference of Directors-General of Customs for the West and Central Africa region held in Freetown, Sierra Leone. Adeniyi, who also chairs the World Customs Organisation (WCO) Council, said Nigeria’s leadership role within the region was rooted in...
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China Trade Growth Beats Forecast Despite Middle East War
China’s trade growth accelerated sharply in April, official data showed on Saturday, defying pressure from the Middle East conflict and reversing a recent decline in exports to the United States. Exports from the world’s second-largest economy rose 14.1% year-on-year in April, according to data from China’s General Administration of Customs, far exceeding a Bloomberg forecast...
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India Orders Pernod Ricard Probe Over Retail Deals
India’s antitrust regulator has ordered an investigation into French spirits maker Pernod Ricard over allegations it struck exclusive arrangements with retailers to boost sales of its brands at the expense of rivals. The Competition Commission of India (CCI) said in an order issued on Friday that the company allegedly offered financial assistance worth 200 crore...
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Streaming Service Drives Increase In Disney Shares Price
Disney shares jumped in pre-market trading as the firm reported better than expected revenues and profits, thanks in part to growth in its streaming business. Newly CEO Josh D’Amaro described demand at the company’s US amusement parks as “healthy,” but said the company is “mindful of the macroeconomic uncertainty consumers are facing today”. Profits in...
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Zenith Bank Founder Ovia Retires, Bello Named Chairman
Zenith Bank Plc said on Tuesday its founder and Group Chairman, Jim Ovia, has retired following the expiration of his tenure in line with regulatory guidelines. The lender disclosed the development in a corporate filing to the Nigerian Exchange Ltd. It added that the retirement complies with the Central Bank of Nigeria’s corporate governance rules...