Category: Business and Economy

China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high tariffs of up to 145%, and 125% retaliatory duties imposed by Beijing, took effect and shipments were curtailed. National Statistics Bureau spokesperson...

Washington D.C., April 2025 – In a historic and unprecedented move, the United States government has declared a full-scale global offensive on illicit dollar holdings, targeting black market reserves, offshore accounts, and pallets of untraceable cash hidden in vaults around the world. Under the newly passed “Global Corruption Accountability & Dollar Sanitization Act”, any USD...

“This road is not just an infrastructure project, it’s a crucial alternative route that will Stretching 12.88 kilometres, the road will feature a semi-rigid single carriageway, with an average width of 10 meters and two bridges that will facilitate smoother travel. “This project is designed to uplift and enhance connectivity among communities such as Ilogbo...

The European Commission president Ursula Von der Leyen announced that the Union says they’re ready to negotiate with the United States and have offered zero for zero tariffs. “Europe is always ready for a good deal. So we keep it on the table,” she said. Von der Leyen added the EU “offered zero for zero...

South Sudan has criticised the revoking of US visas for all its nationals after it says the Trump administration mistakenly deported a man to the world’s newest country who was actually Congolese. US Secretary of State Marco Rubio announced the visa measure on Saturday. He said it was a response to South Sudan’s refusal to accept...

South Korea will hold a snap presidential election June 3 to choose Yoon Suk Yeol’s successor after the conservative was ousted over his imposition of martial law late last year. The announcement from acting President Han Duck-soo came four days after the Constitutional Court unanimously removed Yoon from office, which by law, must be followed by an...

China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a typical unilateral bullying practice.” China,...

The management of Dangote Group of Company in a press statement released on Wednesday disclosed its temporarily suspending selling its petroleum product in naira, in order to adjust “sales currency to align with our crude procurement currency.” Its press statement read: “We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale...