Economic Impact

Nigeria Faces 12.5% US Tariff Over Ongoing Forced Labour Allegations

Nigeria and seven other African nations risk severe US tariffs for failing to combat forced labour in supply chains. A proposed 12.5% tariff could cri…

East Africa Battles to Ban Second-Hand Clothing Imports Amidst Economic Pressure

East Africa's fight against second-hand clothing imports intensifies as local brands struggle for survival. With rising tensions, can the region recla…

Naira Dips Again: Dollar Soars to ₦1,395 Amid Rising Demand Pressure

The Nigerian naira falters as the dollar reaches ₦1,395, revealing deep market pressures. What’s driving this alarming trend in the foreign exchange l…