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BRICS Summit Rio 2025

President Tinubu Advocates for Fairer Global Governance at BRICS Summit

On July 5th, President Tinubu took off for the 2025 BRICS summit in Rio, accompanied by Nigeria’s Foreign Affairs and Finance Ministers, to join the reduced crowd due to the absence of key leaders this year.

a day ago



Retailer Shopping in Nigeria after tariffs Photo: Unsplash/ Edvinas Balčiūnas

U.S. Tariff Effects on China Growing on Shoppers, Retailers in Nigeria Indirectly

Tariffs or not, Jumia said it anticipates physical goods orders to grow between 20% and 25% year-over-year, up from the previous range of 15-20%.

The only way a store could achieve this is by raising prices. Its competition, Temu, is keeping prices the same, and there is likely going to be a massive shift.

So could the Jumia forecast be wrong?

2 months ago



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