Bishop Matthew Kukah has objected to allegations that Christians are being persecuted in Nigeria. US President Donald Trump is presently furious with Nigeria.
Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
The United States on Tuesday gave energy giant Chevron just one month to stop its operations in Venezuela, delivering a heavy blow to cash-strapped authorities in Caracas. But a Treasury Department unit said Tuesday that Chevron must stop pumping within 30 days, a timeframe industry insiders described as unrealistic.
Under fierce pressure from US President Donald Trump, Hong Kong firm Hutchison said Tuesday it had agreed to sell its lucrative Panama Canal ports to a US-led consortium. CK Hutchison Holdings said it would offload a 90-percent stake in the Panama Ports Company (PPC) and sell a slew of other non-Chinese ports to a group led by giant asset manager BlackRock.
China's leadership will on Wednesday unveil their growth goals for the coming year as they eye a mounting trade war with the United States and deepening economic doldrums at home. Top of the agenda will be Premier Li Qiang's delivery of the government's "work report" to delegates, in which Beijing will unveil its economic growth goals for the coming year.
Multiple Canadian provinces, including Ontario and Quebec, banned the sale of US alcohol on Tuesday, part of a broad national retaliation against import tariffs imposed by US President Donald Trump. The LCBO's website was down Tuesday, with a notice saying the store was removing "US products in response to US tariffs on Canadian goods."
Wall Street stocks tumbled Tuesday after the United States proceeded with new tariffs on Canada, Mexico and China, exacerbating worries that higher inflation will prompt a recession. "Investors are worried that we are headed for a recession and a bear market."
Stuck in a queue at the Mexican-US border, truck driver Juan Diego Mendoza said he was worried about the fallout of President Donald Trump's tariffs, but believed Mexicans were resilient enough to cope. We're happy with a plate of beans and an egg," the 31-year-old told AFP. Mendoza woke earlier than usual to hear Mexican President Claudia Sheinbaum's response to Trump's 25-percent tariff.
In the Canadian city of Windsor, which survives on the cross-border auto industry, the start of a trade war with the United States has opened a period of fear and uncertainty. The president said this week that auto companies that want to avoid the consequences of tariffs should open plants in the United States.
The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline. Despite being a major oil producer, Nigeria's state-owned refineries have long been run-down, leading the country to rely heavily on imported petrol.
Mexico's targeting by US President Donald Trump's tariffs has put its economy at risk of a recession with a regional free-trade deal in limbo, experts say. - In theory, Mexico and Canada should be protected against US tariffs by a regional free-trade agreement that was renegotiated during Trump's first term.
Economy
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