Germany has experienced a major shift in international trade. China has overtaken the United States as the country’s largest trading partner. From January to September 2025, Germany’s trade turnover with China reached €185.9 billion ($215.4 billion). Trade with the U.S. totaled €184.7 billion. The increase came mainly from imports of machinery, electronics, and clothing. German…
Nigeria is positioning itself as a top destination for investment, according to Vice President Senator Kashim Shettima. He said the economic reforms introduced by President Bola Ahmed Tinubu are creating new opportunities for international investors and business partnerships. “There is no better time to invest in Nigeria,” Shettima told a delegation from Advanced Energy Partners,…
The Nigerian Communications Commission enforced the NIN-SIM linkage policy strictly in 2025. As a result, telecom operators deactivated millions of unlinked SIM cards. This action aimed to boost national security and curb fraud. Statistical Overview Active voice subscriptions dropped from 224.7 million in 2023 to 164.9 million by December 2025. This decline totaled 59.7 million…
The Dangote Petroleum Refinery clears up confusion on these issues. The company says that it is not true that the federal government’s waiver on the 15% import tariff influenced any decrease in the price of fuel. The company says that this change is exclusively within its purview. Dangote’s Official Statement The refinery issues a strong…
The National Pension Commission (PenCom) has declared that the era of pension delay for retirees in treasury-funded Ministries, Departments, and Agencies (MDAs) is over. The commission said reforms have led to faster processing and payment of accrued pension rights. Ibrahim Buwai, Head of Corporate Communications at PenCom, spoke to the News Agency of Nigeria in…
The Financial Reporting Council of Nigeria (FRC) has received the prestigious International Standards on Accounting and Reporting (ISAR) honours from the United Nations Conference on Trade and Development (UNCTAD). On November 13, 2025, Nigeria became the only African country recognized for its outstanding achievements in sustainability reporting and corporate transparency. Recognition for Leadership and Innovation…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria crude production could reach 2.5 million barrels per day (bpd) by 2026. This is achievable through the reactivation of dormant and shut-in oil wells and improved operational efficiency. Project One Million Barrels Boosts Nigeria Crude Production Speaking at the 2025 Energy Correspondents Association of Nigeria (ECAN)…
Air Peace Ltd. has reported $15 million in losses after SmartLynx Airlines withdrew three leased aircraft, which the airline called illegal. The airline said the move disrupted domestic flights, causing delays and cancellations across its network. Lessor Breach Hits Airline Finances and Operations At a press conference in Lagos, Air Peace’s Chief Commercial Officer, Nowel…
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has welcomed the federal government’s suspension of the planned 15 per cent import duty on petroleum products. He described it as a strategic decision that shields consumers and also supports local production. Suspension Result of Behind-the-Scenes Dialogue Speaking to…
Unionized Starbucks workers launched a strike across the United States on Thursday. They target the company’s Red Cup Day promotion. Over 1,000 baristas participate at 65 stores in more than 25 cities. The action starts on November 13, 2025. Workers choose this busy day to amplify their message. Customers expect free reusable red cups with…
