FCT minister Nyesom Wike was involved in a tense clash with soldiers. Wike mentioned the appointee of President Bola Tinubu who stepped in to prevent mass killings.
The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.
The Nigerian government is seeking a new World Bank facility of $10.50 million for the Central Bank of Nigeria (CBN) to help boost the payment and remittance system.
The EU has said "everything is on the table" as it readies its response -- including possibly targeting US Big Tech and taxing more American goods -- to President Donald Trump's sweeping new tariffs should talks with Washington fail.
Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring. The March jobs decline was driven by losses among full-time workers, who had seen a "strong upward trend in the second half of 2024," Statistics Canada said in a statement.
Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on international shipping, ahead of a meeting starting on Monday to finalise emissions-reduction measures. The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
President Donald Trump goaded a "panicked" China on Friday after the chief US economic rival retaliated against his tariffs and he dismissed stock market panic over the growing global trade war, touting the chance to "get rich." "Let Donald Trump run the global economy.
Hiring in the United States was stronger than expected in March, government data showed Friday, even as uncertainty brewed over the wider effects of President Donald Trump's tariffs and other policies. The hiring number showed that the jobs market remained robust for now, and it was notably above the 130,000 figure that analysts expected, according to Briefing.com.
Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President Donald Trump, from pausing production to raising prices or halting certain models. - Canada-Mexican chaos - US automakers -- Ford, GM and Jeep-maker Stellantis -- have all called on Trump to ease the tariffs.
China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods. - Trump's new tariffs slap 10 percent levies on imports from around the world.
Economy
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