Economy
NCAA to sanction airlines that fail to notify passengers of travel restrictions
Nigeria Civil Aviation Authority will fine foreign airlines who sell tickets to Nigerian passengers and deport them after only partially completing their journeys.
Lesotho hardest hit as new US tariffs rattle Africa
The small African kingdom of Lesotho feared the worst for its textile industry Thursday after US President Donald Trump imposed 50-percent tariffs on its imports, the highest for a single nation.
Stellantis pausing some Canada, Mexico production over Trump auto tariffs
Auto giant Stellantis said Thursday it was pausing production at some plants in Canada and Mexico, the first disruptions to hit the sector since US President Donald Trump's tariffs on foreign-made vehicles came into force.
Dangote cement, BUA increase valuation by 164% despite forex losses
Dangote cement is the 2nd most valuable stock and accounts for 12.2% of the NGX equity market, while BUA cement is now the seventh most valuable stock.
Naira gains against USD as CBN reports highest net FX reserves in 3 years
The naira has reported a two-week appreciation against the dollar at N1,531 per dollar as the CBN announces the highest FX reserves in three years.
US trade gap narrows in February ahead of bulk of Trump tariffs
The US trade deficit narrowed in February, according to government data released Thursday that was collected before President Donald Trump launched his most recent salvo of punishing worldwide tariffs. In February, the contraction of the US trade deficit came as exports rose and imports were flat, government data showed.
Trump says US to emerge 'stronger' as markets tumble over tariffs
President Donald Trump acknowledged the shock brought by his tariffs onslaught Thursday, but said the US economy would emerge "far stronger," even as world markets tumbled. White House Press Secretary Karoline Leavitt also tried to reassure US markets, telling CNN: "To anyone on Wall Street this morning, I would say, 'Trust in President Trump.'
Iconic Paris hotel Lutetia taken over by Mandarin Oriental
The historic Lutetia hotel in Paris, occupied by the Nazis during World War II and after liberation serving as a welcome centre for concentration camp survivors, was on Thursday taken over by luxury hotel group Mandarin Oriental. Originally baptised with the Roman name for Paris, the hotel will be renamed Mandarin Oriental Lutetia from Thursday.
'Shocking': US tariffs worse than feared for Vietnamese exporters
At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by "shocking" trade tariffs imposed on Vietnam that could severely impact their business. "It's truly shocking," said Tran Nhu Tung, board chair at Thanh Cong, a factory in Ho Chi Minh City that makes clothes for DKNY and Walmart, among others.
Economy
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