The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
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US-Vietnam trade deal sows new China uncertainty
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FG invites Nigerians to apply for N50k for their business, releases link
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Naira appreciates again as analysts predict return to N1,500 exchange rate benchmark
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Major garment producer Bangladesh says US buyers halting orders
US buyers have begun halting orders from Bangladesh, the world's second-biggest garment manufacturer, after punishing US tariffs, leaders of the South Asian nation's critical industry warned on Monday. US President Donald Trump hit Bangladesh with punishing new tariffs of 37 percent on Wednesday, hiking duties from the previous 16 percent on cotton products.
The worst market crashes since 1929
Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis. - 2020: Pandemic - Global stocks crashed in March 2020 after the World Health Organization declared Covid-19 a pandemic, putting much of the world under lockdown.
N18 billion investments on the line, as NGX delists Capital Oil, 2 others, lists next steps for shareholders
The NGX noted that this move will ensure transparency in the capital market as the affected companies had defied repeated warnings and suspension.
'Everyone is losing money': Hong Kong investors rattled by market rout
Hong Kong small-time investors were left reeling on Monday as US President Donald Trump's punishing tariffs and Beijing's retaliation saw the city's stock market suffer its worst day in almost three decades. Lawyer Ray Chan, 30, was among those left unscathed on Monday, as he sold all his Hong Kong and US shareholdings two weeks ago, netting gains in the seven figures.
Netanyahu and Trump to talk tariffs, Iran and Gaza
Israeli Prime Minister Benjamin Netanyahu was in Washington on Monday to meet Donald Trump, whom he will likely ask for a reprieve from US tariffs while seeking further backing on Iran and Gaza. Analysts said Netanyahu would seek to secure an exemption from the tariffs for Israel.
China vows to stay 'safe and promising land' for foreign investment
A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports.
Texans warily eye impact of Trump's tariffs on their beloved trucks
Fearing that US President Donald Trump's 25 percent tariffs on imported cars and auto parts could spark "paranoia" among buyers and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck now.
Boeing faces new civil trial over 2019 Ethiopian Airlines crash
Boeing is poised to face a jury trial from Monday over the fatal 2019 crash of an Ethiopian Airlines 737 MAX plane, the first civil case related to the disaster to reach court. The Ethiopian Airlines disaster followed another fatal crash involving a MAX plane -- that of a Lion Air jet that crashed in Indonesia in October 2018, killing all 189 people on board.
Equities savaged as China retaliation to Trump tariffs fans trade war
Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession. But after Asian markets closed on Friday, China said it would impose retaliatory levies of 34 percent on all US goods from April 10.
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