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 […]
NNPCL Nears Stock Market Listing, Begins IPO Readiness Process
The Nigerian National Petroleum Company Limited (NNPCL) is in the final stages of listing on the capital market, a move in compliance with the Petroleum Industry Act (PIA) 2021. In a statement issued Thursday in Abuja, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, confirmed the development. Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, further […]
Trump Announces 25% Tariff on All Imported Cars, Expanding Trade War
President Donald Trump announced Wednesday a sweeping new tariff policy that will impose a 25% duty on all imported cars, including passenger vehicles, SUVs, minivans, cargo vans, and light trucks. The move, set to take effect April 3, marks a significant escalation in the global trade war and has raised concerns about its impact on […]
Unity Bank Appoints Ebenezer Kolawole as Acting MD/CEO
The Board of Unity Bank Plc has appointed Mr. Ebenezer Kolawole (FCA) as the Acting Managing Director/Chief Executive Officer following the retirement of Mrs. Oluwatomi Somefun, who has completed her tenure as MD/CEO. The appointment was announced at the bank’s 18th Annual General Meeting (AGM) held in Lagos on Wednesday after securing approval from the […]
Federal Reserve Prepares Interest Rate Decision Amid Trade War and Market Turmoil
The Federal Reserve is set to announce its first interest rate decision since President Donald Trump’s tariffs sparked a global trade war, sending stock markets into a tailspin and fueling fears of a potential recession. The decision comes less than two weeks after Fed Chair Jerome Powell warned that tariffs could drive up prices, while […]
