Category: All Posts in Business Category
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Japan Embarks on ‘World-First’ Deep-Sea Mining Mission Amid Global Scramble for Critical Minerals

Wafricnews - July 3, 2025Tokyo - In what could mark a new chapter in the global race for critical resources, Japan is set to become the first country to launch a deep-sea mining operation at unprecede...

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Tesla Global Sales Drop 13.5% Amid EV Market Slowdown and Musk Backlash

WafricNews – July 2, 2025Tesla has reported a second consecutive drop in global vehicle sales, adding further pressure on the electric vehicle (EV) pioneer as it navigates a rapidly shifting market an...

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FG Pledges to Distribute 5 Million LPG Cylinders Nationwide by 2030

WafricNews – July 1st, 2025The Federal Government has announced plans to distribute five million Liquefied Petroleum Gas (LPG) cylinders to Nigerian households by 2030, aiming to boost clean energy ac...

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Renault Takes $11.2 Billion Hit From Nissan Stake as Alliance Shifts

WafricNews – July 1st, 2025Paris, France – French automotive giant Renault has reported a staggering €9.5 billion ($11.2 billion) loss tied to its holding in longtime partner Nissan during the first h...

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Canada Cancels Digital Services Tax to Resume US Trade Talks

Wafricnews - June 30, 2025Ottawa — Canada has announced it will scrap its controversial digital services tax in a bid to bring the United States back to the negotiating table after weeks of escalating...

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NCAA Grounds Rano Air Plane After Mid-Air Scare, Launches Safety Probe

WafricNews – June 30, 2025Kano, Nigeria – The Nigeria Civil Aviation Authority (NCAA) has grounded a Rano Air aircraft following a mid-air engine malfunction and a suspected fire incident that forced...

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G7 Nations Back Deal to Shield US Multinationals from Global Minimum Tax

WafricNews – June 29, 2025In a significant development for international taxation, the Group of Seven (G7) countries has reached a consensus to exempt American multinational corporations from the glob...

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“I Feel a Sense of Fulfilment” — Oyedele Reacts to New Tax Reform Laws

WafricNews – June 28, 2025Abuja, Nigeria – Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the recent signing of Nigeria’s new tax legislation marks a majo...

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China Confirms Trade Deal Framework With US Amid Rare Earths Dispute and Tariff Pressures

Wafric News – June 27, 2025Beijing – China has officially confirmed the framework of a trade agreement with the United States, following months of tense back-and-forth over tariffs and strategic mater...

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South Korea’s New President Lee Calls for $22.5B Rescue Budget Amid Economic Slump

Wafric News – June 25, 2025Just weeks into his presidency, South Korea’s newly elected leader Lee Jae Myung is wasting no time tackling the country’s economic woes. In his first formal address to parl...

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