Trump Grants Major Tariff Exemptions on Tech Imports, Easing Pressure on U.S. Industry
President Donald Trump has announced broad exemptions from his administration’s steep import tariffs on electronic devices, offering a significant reprieve to U.S. tech companies amid rising concerns over the economic impact of the trade war with China. The exemptions, which take effect retroactively from April 5, apply to a range of electronics—including smartphones, laptops, and […]
China Hikes Tariffs on U.S. Imports to 125% in Deepening Trade War
China announced a sweeping hike in tariffs on U.S. imports on Friday, raising duties to 125% in a dramatic escalation of what has become one of the most intense trade disputes in decades. The move comes in direct response to President Donald Trump’s recent decision to increase tariffs on Chinese goods to an unprecedented 145%, […]
Dangote Refinery Slashes Petrol Ex-Depot Price to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has reduced its ex-depot price of petrol to N865 per litre, marking a N15 cut from the previous rate of N880 per litre. The new pricing was communicated to customers via an official notice on Thursday and reflects ongoing adjustments in the downstream sector as local refining gains traction. The […]
Global Markets Surge After Trump Pauses Most Tariffs—China Remains Targeted
Asian and European markets surged on Thursday after President Donald Trump announced a 90-day suspension of planned tariffs on nearly all of America’s trading partners—excluding China. The move sparked a global relief rally following a week of sharp declines fueled by fears of deepening trade wars and a looming recession. In Asia, major indices rebounded […]
Dow and S&P 500 Close Lower After Wild Swings as Trump’s Tariff Messaging Rattles Markets
The Dow Jones Industrial Average and S&P 500 ended Monday in the red after a volatile trading day driven by conflicting signals from President Donald Trump on tariffs, which sent markets on a dizzying ride from steep losses to gains—and back again. The Dow saw its largest intraday point swing in history, plunging more than […]
Global Markets Plunge as Trump Tariffs Spark Sell-Off; Hong Kong Suffers Worst Drop Since 1997
Global stock markets opened sharply lower on Monday, as investors around the world reacted to President Donald Trump’s escalating tariff campaign. The downturn sent shockwaves through financial markets, with U.S. futures pointing to further instability and major losses across Asia. In the U.S., Dow Jones futures fell roughly 1,200 points—down 3.33%—early Monday morning. Futures for […]
Global Markets Plunge Following Trump’s Sweeping “Liberation Day” Tariffs
Key stock markets around the world extended their losses on Friday as the global fallout from President Donald Trump’s sweeping “Liberation Day” tariffs continued to shake investor confidence. Japan’s Nikkei index tumbled 3.5%, while the broader Topix index fell even further, dropping 4.45% amid fears of escalating trade tensions. In South Korea, the KOSPI index […]
Global Markets Slide After Trump Unveils Sweeping Tariffs on U.S. Trade Partners
Global stock markets plunged Thursday morning following U.S. President Donald Trump’s announcement of broad new tariffs on international trade partners, including a blanket minimum tariff of 10% on all imported goods. The move drew swift condemnation from key trading allies and raised fears of a prolonged and disruptive global trade war. China, now facing combined […]
Gov. Oyebanji Unveils Plan for 24-Hour Operation at Ekiti Agro-Allied Airport
Ekiti State Governor, Mr. Biodun Oyebanji, has revealed plans to operate the Ekiti Agro-Allied International Cargo Airport 24 hours a day to enhance its competitiveness and strengthen its role as an economic hub. During the March edition of his monthly media chat, “Meet Your Governor,” Governor Oyebanji expressed confidence in the airport’s potential, highlighting ongoing […]
Gov. Makinde Halts Aleshinloye Market Demolition
Oyo State Governor, Seyi Makinde, has ordered the suspension of the planned demolition of the burnt section of Aleshinloye Market until a suitable alternative is provided for the affected traders. The governor issued this directive during a visit to the market on Tuesday, following a devastating fire on March 12 that destroyed goods worth millions […]
