Economy
NIPSS gives timeline for fuel price to crash to N750/litre, dollar to drop to N1,300
After weeks of declining fuel prices, the pump price of PMS recently climbed up again and now sells above N930/litre, The NIPSS has given a date for prices to crash
EU to target US online services after Trump tariffs: France
The European Union is "ready for a trade war" with the United States and plans to "attack online services" in response to Donald Trump's new tariffs, the French government spokeswoman said Thursday. "We have a whole range of tools and we are ready for this trade war," she added.
How Trump's 'liberation day' tariffs will impact China
US President Donald Trump has slapped punishing new tariffs on imports of Chinese goods, deepening a trade war between the world's two largest economies. Trade between it and the United States, the world's two largest economies, is vast.
Livestock theft is central to jihadist economy in west Africa
Musa was asleep in the village of Dusuman in northeast Nigeria when he was awoken by a sharp burst of gunfire and Boko Haram stole his main source of livelihood -- his livestock.
Taiwan says US tariffs 'highly unreasonable'
US President Donald Trump's tariffs were "highly unreasonable" and the government planned to start "serious negotiations" with Washington, Taipei said Thursday. "The Executive Yuan found the decision highly unreasonable and deeply regretted it, and will initiate serious negotiations with the United States," cabinet spokeswoman Michelle Lee said.
Japan says US tariffs 'extremely regrettable', may break WTO rules
Japan slammed Thursday as "extremely regrettable" US President Donald Trump's sweeping new tariffs, saying they may break WTO rules and the two countries' trade agreement. "We have serious concerns as to consistency with the WTO agreement and Japan-US trade agreement," he told reporters.
China says opposes new US tariffs, vows 'countermeasures'
China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its own rights and interests". The Commerce Ministry in Beijing said in a statement that those tariffs "do not comply with international trade rules and seriously harm the legitimate rights and interests of the relevant parties".
Stocks tank, havens rally as Trump tariffs fan trade war
Equity markets suffered a bloodbath Thursday after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Oil also suffered big losses, with both main contracts down more than two percent on fears that the shock to economies would hit demand.
Financial markets tumble after Trump tariff announcement
Global financial markets were rocked on Wednesday by Donald Trump's announcement of sweeping tariffs, targeting China and the European Union in particular, with the risk of undermining the international economy. The bond market also played its role as a safe haven, with the yield on the benchmark ten-year US Treasury, easing to 4.10 percent after Donald Trump's announcement.
Economy
Load more