Economy
Trump vows huge new China tariffs as markets nosedive
US President Donald Trump on Monday threatened new tariffs of 50 percent on China, ratcheting up a trade war even as a dramatic selloff in global markets gathered pace. The US president on Monday chastised China for not heeding "my warning for abusing countries not to retaliate."
Starmer unveils support for tariff-hit auto sector
UK leader Keir Starmer vowed Monday to "shelter British business from the storm" of global economic disruption as he loosened electric vehicle targets for carmakers impacted by US President Donald Trump's tariffs. "In the coming days and weeks, we're going to use industrial policy to shelter British business from the storm," the prime minister added.
Lagos state halts construction in Ikota, Lekki, marks over 100 structures for demolition
The Commissioner ordered an immediate stop to the unauthorised reclamation of lands at the water corridors, explaining the environmental risks to Lagosians.
JPMorgan Chase CEO warns tariffs will slow growth
JPMorgan Chase CEO Jamie Dimon warned Monday that US President Donald Trump's tariffs will likely lift inflation, describing himself as "very cautious" in light of the rising recession risk.
NNPCL finally gets buyer, set to ship first crude cargo to Europe
The Nigerian National Petroleum Corp (NNPC) Limited has clinched a breakthrough export deal and will ship out its cargo to the customer in a few days.
World Bank clarifies $10.50 million funding request for CBN as Nigeria’s debt hits N144.6 trillion
The World Bank has explained that the $10.50 million funding sought by the Central Bank of Nigeria was a grant and not a loan as previously reported.
EU split on targeting US tech over Trump tariffs
Should the European Union target US Big Tech and services in response to President Donald Trump's tariff onslaught? Backed by Germany and Austria, Paris has been pushing for the EU to consider targeting US services, including digital -- drawing fire from Ireland which relies heavily on US investment, particularly in the pharmaceutical and tech sectors.
Honda executive resigns over 'inappropriate conduct'
Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said. "It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights... has become the subject of an allegation of conduct contrary to these principles," it said.
More power expected as 7 firms leave national grid to generate electricity in Lagos, FCT, others
One of these companies secured secured 24 permits to generate electricity with mini-grids in 24 locations across Benue, Nasarawa, Niger, Ondo and Kano States.
Economy
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