Economy
US senators ask SEC for Trump insider trading probe
A group of US senators on Friday urged the government's markets corruption watchdog to investigate whether President Donald Trump or White House insiders broke securities laws ahead of his dramatic reversal on global tariffs.
UK parliament to be recalled Saturday to discuss British Steel's future
UK lawmakers will be recalled from their Easter break to discuss the future of British Steel in parliament on Saturday, the House of Commons said, with reports the struggling company could be nationalised. UK Business and Trade Secretary Jonathan Reynolds met with the CEOs of British Steel and owner Jingye this week to discuss the future of Scunthorpe.
JPMorgan Chase sees 'considerable turbulence' facing economy as profits rise
JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy. US bond yields were up again early Friday, indicating weaker demand for US Treasuries, long considered a safe haven asset.
NELFUND warns Nigerian institutions against fraud, extortion under student loan scheme
The applications are sent to the institution for verification, and when completed, the government disburses the funds straight to the universities, not the students.
Trump's trade whiplash sends dollar into tailspin
The mighty dollar is sliding sharply as President Donald Trump's turbulent trade agenda has battered US credibility in global markets and fanned fears of a self-inflicted economic downturn. "The market is re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization," Saravelos said in a note to clients.
Hope sparkles anew for India's jewellers after US tariff pause
India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to hit lucrative exports and tens of thousands of jobs. While Trump's pause has brought relief, India's exporters are keenly aware they could be in the same position in July.
FG moves to clamp down on clothing imports, targets $4 billion from textile manufacturing
The local cotton, textile and garment sector is about to get a major funding boost as the federal government is partnering with Bank of Industry to make it happen.
AGOA: US-Africa trade accord hangs in the balance
The African Growth and Opportunity Act (AGOA), whose future is in doubt since Donald Trump returned to the White House, provides duty-free access to the United States for certain African products.
“Use it or lose it”, NCC issues fresh guidelines to MTN, Airtel, others on unused subscriber airtime
As the customers line gets deactivated or churned after one year of no activity, NCC is extending further room for subscribers to claim unused airtime.
Economy
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