BUSINESS

Power Crisis Draining Nigeria’s Economy: Time for Real Action

Nigeria Loses Almost Half Its Power Output After Pipeline Fire - Bloomberg

How One Chinese Factory Learned to Live with Trump Tariffs and Turmoil

The Credibility News6 April 2026

A Chinese electronics manufacturer has emerged from a year of U.S. tariff turbulence with a clear verdict: despite geopolitical tensions and forced diversification efforts, China remains extremely difficult to replace as a manufacturing base. Agilian Technology, a Dongguan-based contract manufacturer serving Western brands, saw more than half its revenue — tied to U.S. orders —...

Rising Fuel Prices Cloud Tokyo’s Cherry Blossom Season as Boat Operators Feel the Pinch

Kingsley Oyong Akam2 April 2026

A cruise boat sails past blooming cherry blossoms along Meguro River in Tokyo, Japan, March 30, 2026. REUTERS/Kim Kyung-Hoon

WTO Chief Warns Global Trade System Has ‘Irrevocably Changed’, Urges Urgent Reform

Kingsley Oyong Akam26 March 2026

The head of the World Trade Organisation (WTO) has issued a stark warning that the global trade system has undergone irreversible change, calling on member states to urgently overhaul the rules governing international commerce. Speaking at the opening of the WTO’s 14th Ministerial Conference (MC14) in Yaoundé, Cameroon, Director-General Ngozi Okonjo-Iweala said the multilateral framework...

Cuba opens talks with U.S. as oil blockade takes a toll

Reuters13 March 2026

HAVANA, March 13 (Reuters) – Cuba has opened talks with the U.S. government, President Miguel Diaz-Canel said on Friday, as an oil blockade imposed by U.S. President Donald Trump pushes the Communist-run nation deeper into economic crisis. “These talks have been aimed at finding solutions through dialogue to the bilateral differences we have between the...

World faces largest-ever oil supply disruption on Middle East war, IEA says

Reuters12 March 2026

LONDON, March 12 (Reuters) – The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a spike in prices. Global supply is expected to drop by...

Oil tankers burn near Iraq as Iranian strikes defy Trump’s claim to have won the war

Reuters12 March 2026

DUBAI/TEL AVIV/WASHINGTON, March 12 (Reuters) – Iran appeared to have set ablaze two tankers in Iraqi waters as it stepped up attacks on oil and transport facilities across the Middle East, warning the world should be ready for oil at $200 a barrel in defiance of President Donald Trump’s claim that the U.S. had already...

Governments scramble to limit fallout of Iran war as oil prices surge

Reuters9 March 2026

SINGAPORE – Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge. In a sign of mounting governmental concern over supply disruptions, the Group of Seven...

Israeli airforce pounds Beirut, Lebanon death toll rises

Reuters6 March 2026

BEIRUT/JERUSALEM – Israel pounded Beirut’s southern suburbs with airstrikes on Friday, stepping up a war with Hezbollah that has forced hundreds of thousands of Lebanese from their homes and killed more than 200, according to a health ministry toll. Israel ordered everyone in the densely-populated suburbs, Hezbollah’s main stronghold in the capital, to leave on...

Spain defies Trump’s threats over stance on Iran war, says it ‘won’t be vassals’

Reuters5 March 2026

MADRID, March 4 (Reuters) – Spain “will not be vassals” to another country, Deputy Prime Minister Maria Jesus Montero said on Wednesday, defying U.S. President Donald Trump’s threats to cut trade with Madrid over its stance against the U.S.-Israeli strikes on Iran. Trump floated imposing a trade embargo on Madrid over its refusal to allow ...

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What's hot

‘Tinubu Must Go’: Protesters Flood Abuja and Lagos Streets on Democracy Day

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Latest News

Power Crisis Draining Nigeria’s Economy: Time for Real Action

How One Chinese Factory Learned to Live with Trump Tariffs and Turmoil

Rising Fuel Prices Cloud Tokyo’s Cherry Blossom Season as Boat Operators Feel the Pinch

WTO Chief Warns Global Trade System Has ‘Irrevocably Changed’, Urges Urgent Reform

Cuba opens talks with U.S. as oil blockade takes a toll

World faces largest-ever oil supply disruption on Middle East war, IEA says

Oil tankers burn near Iraq as Iranian strikes defy Trump’s claim to have won the war

Governments scramble to limit fallout of Iran war as oil prices surge

Israeli airforce pounds Beirut, Lebanon death toll rises

Spain defies Trump’s threats over stance on Iran war, says it ‘won’t be vassals’

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