Category: All Posts in Business Category
Image
Business

Temu Says It's Shipping from the U.S, But Goods Still Come from China

Wafric News | May 3, 2025Chinese-owned e-commerce platform Temu has announced a sweeping change in its U.S. operations, declaring that all American orders will now be fulfilled from within the United...

Read More

Image
Business

Zelle Restores Service Following Outage Affecting Some Bank Customers

Wafric News – New York | May 3, 2025Zelle, the widely-used money transfer platform, is coming back online after a technical disruption left thousands of bank customers across the United States unable...

Read More

Image
Business

Fuel Importers Under Pressure as Petrol Landing Cost Hits N870 — Higher Than Dangote’s Rate

Friday, May 2, 2025 — WafricNewsThe cost of landing Premium Motor Spirit (PMS), commonly known as petrol, has surged to an average of N870 per litre — a development that is threatening the survival of...

Read More

Image
Business

U.S. Closes Import Loophole, Triggering New Tariffs and Rising Prices for Shoppers

Friday, May 2, 2025 — WafricNewsMillions of Americans are waking up to unexpected price hikes and shipping delays as a major trade rule quietly expired at midnight Friday, signaling a new chapter in t...

Read More

Image
Business

Asian Markets Rebound as Hopes for U.S.-China Trade Talks Calm Investor Jitters

WafricNews | May 2, 2025Asian stock markets posted modest gains on Friday, buoyed by renewed signs of diplomatic engagement between the United States and China, two economic superpowers whose trade r...

Read More

Image
Business

CBEX Defies SEC Ban, Resumes Operations Amid N1.2 Trillion EFCC Fraud Probe

The Central Bank Exchange (CBEX) has resumed operations just weeks after being sanctioned by Nigeria’s Securities and Exchange Commission (SEC) and facing an ongoing investigation by the Economic and...

Read More

Image
Business

Judge Finds Apple in Violation of App Store Reform Order

A U.S. federal judge has ruled that Apple violated a court order requiring it to ease restrictions in its App Store, marking a significant legal setback for the tech giant.The ruling stems from Apple’...

Read More

Image
Business

Stock Markets Rise Ahead of Crucial US Reports as Tariff Uncertainty Lingers

Stock markets saw mostly positive movement on Wednesday, as investors braced for key U.S. economic indicators and corporate earnings reports that could shed light on the health of the world’s largest...

Read More

Image
Business

Adidas Warns: U.S. Tariffs Set to Push Up Trainer Prices

Adidas has issued a stark warning to sneaker lovers in the U.S.: expect to pay more at the checkout. The sportswear giant says new import tariffs imposed by President Donald Trump are set to drive up...

Read More

Image
Business

International Breweries, Cadbury Help Boost Nigerian Stock Market by ₦228bn

The Nigerian equity market kicked off the week on a strong note, with bullish activity lifting the NGX’s total market value by ₦228.48 billion on Monday. The positive sentiment was largely driven by g...

Read More