Politics

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Politics

Elon Musk leaves White House after failing to deliver

Washington, May 29, 2025 – American billionaire Elon Musk is leaving US President Donald Trump’s administration after a tumultuous efficiency campaign that ultimately failed to deliver the desired savings. This was reported by Reuters. “His dismissal will begin tonight,” a White House spokesman told Reuters on Wednesday evening, confirming Musk’s withdrawal from the government. Musk also expressed his gratitude to President Donald Trump on his social media platform X, as his term as Special Government Employee for the Department of Government Efficiency (DOGE) comes to an end. “As my scheduled …

Politics

Trump sacks White House national security adviser, Waltz

Washington, May 2, 2025 – U.S. President Donald Trump ousted his national security adviser Mike Waltz on Thursday and named Secretary of State Marco Rubio as his interim replacement in the first major shakeup of Trump’s inner circle since he took office in January. Trump, in a social media post, said he would nominate Waltz to be the next U.S. ambassador to the United Nations, adding that “he has worked hard to put our nation’s interests first.” Earlier in the day, multiple sources said Trump had decided to remove Waltz …

Politics

NASS will continue to prioritise workers’ welfare, security – Akpabio

May 1, 2025 – Godswill Akpabio, the Senate President, on Thursday promised that the National Assembly will continue to prioritise welfare, security, safety and condition of service of workers. in the country. Akpabio made the promise in a congratulatory message to Nigerian workers on the occasion of the May Day celebration. in a statement issued by Eseme Eyiboh, his Special Adviser on Media and Publicity, the Senate president also promised that labour-friendly legislations will be accorded their deserved attention, while the rights of workers will be duly guaranteed and complied …

Politics

Reps invite Ibas, Rivers Sole Administrator to interactive session

Abuja, April 16, 2025 – The Federal House of Reorientates has invited Vice Admiral Ibok-Ete Ibas (rtd.), the Sole Administrator of Rivers State to appear before it on Thursday for an interactive session. The House Ad-Hoc Committee on Rivers State Oversight, extended the invitation to the sole administrator. The meeting is hold by 4:00pm at Room 414 in the House of Representatives New Building in Abuja. Akin Rotimi, the Spokesman for the House, disclosed this in a statement on Wednesday. The invitation was extended to the sole administrator after the …

Money market Politics

Ndume misrepresenting facts, data on Nigeria’s World Bank loans – IMPI

Abuja, April 16, 2025 – The Independent Media and Policy Initiative (IMPI) has described the stance of former Senate Chief Whip, Mohammed Ndume on World Bank loans secured by the Bola Tinubu administration as a deliberate misrepresentation of facts.  In a policy statement signed by its Chairman Dr Omoniyi Akinsiju, the think tank argued that Senator Ndume’s criticism showed a narrow understanding of the multifaceted nature of development. It said: “Our analysis shows that World Bank loans accounted for nearly 80% of Nigeria’s multilateral debt in 2024, rising modestly from …

Business Planning Politics Trade

China opens to talks if US shows respect, names point person

Beijing, April 16, 2025 – China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Other conditions include a more consistent US position and a willingness to address China’s concerns around American sanctions and Taiwan, said the person, who asked not to be identified to discuss internal thinking. Beijing also wants the US to appoint a …

Foreign Money market Politics

‘Hang tough, it won’t be easy’: Trump defiant on tariffs

Washington, April 5, 2025 – US President Donald Trump on Saturday doubled down on the sweeping tariffs he unleashed on countries around the world, warning Americans of pain ahead, but promising historic investment and prosperity. The comments came as Trump’s widest-ranging tariffs took effect in a move that could trigger retaliation and escalating trade tensions that could upset the global economy. “We have been the dumb and helpless ‘whipping post,’ but not any longer. We are bringing back jobs and businesses like never before,” Trump wrote on his Truth Social …

Foreign Politics

China hits back at US tariffs with export controls on key rare earths

Beijing, April 5, 2025 – China placed export restrictions on rare earth elements on Friday as part of its sweeping response to U.S. President Donald Trump’s tariffs, squeezing supply to the West of minerals used to make weapons, electronics and a range of consumer goods. The move, which Beijing had long hinted was possible, further ratchets up trade tensions between the world’s two largest economies and leaves American manufacturers scrambling for fresh supplies of the critical minerals they have relied upon for decades. China produces around 90% of the world’s rare …

Oil and Gas Politics

Trump threatens Russia oil penalties, citing anger with Putin

Washington, Marc 31, 2025 – President Donald Trump threatened “secondary tariffs” on buyers of Russian oil if Vladimir Putin refuses a ceasefire with Ukraine, adding later that he didn’t think the Russian president would “go back on his word.” In comments reported by NBC News, Trump said he was “pissed off” and “very angry” at Putin for casting doubt on Ukrainian President Volodymyr Zelenskiy’s legitimacy as a negotiating partner, and threatened curbs on “all oil coming out of Russia.” The US president appeared to then temper his remarks on possible …

Foreign Investment Politics

Trump tariffs to hit European automakers hard

Washington, March 27, 2025 – President Donald Trump’s tariffs on auto imports will deal a heavy blow to European carmakers, especially German manufacturers, which rely on the US markets for a big chunk of their profits. The move comes as the continent’s automakers have already seen their earnings slump in the past year, with some such as Volkswagen, Mercedes or BMW struggling in another key foreign market, China. These SUVs would avoid US tariffs, but the US-made models are also exported abroad, exposing them to possible retaliatory duties. BMW said …