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Zamfara Governor Outlines Vision – Security, Education and Mineral Development Take Center Stage

Governor Dauda Lawal of Zamfara State has detailed his administration's focus on security improvement, educational reform, healthcare revitalization, and mineral resource development as cornerstones of his governance agenda. During a recent interview on ARISE NEWS, Governor Lawal emphasized the need for strategic prioritization: "The problems are multi-dimensional, and we have to prioritize. The first thing, like I said, is security because without security, there won't be anything. Second, fundamental is educationโ€ฆ all the solid minerals we have in Zamfara are of no benefit if we are the poorest, and (harnessing them) is exactly what we are doing right now." When questioned about the feasibility of Zamfara's โ‚ฆ500 billion budget amid economic uncertainties, Lawal expressed confidence. "We are ready to face those challenges because there's always an alternative in terms of budgetary process and execution," he stated. The governor highlighted diversification […]

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Trump Announces New Tariff Strategy for Chinese Electronics After Initial Exemption

Donald Trump has clarified that Chinese-made smartphones and other electronics will not be exempt from tariffs, explaining they are instead being moved to a different "tariff bucket." This announcement comes after European stock markets rose Monday following Friday's news that these products would avoid levies of up to 145%. China has urged Trump to "completely cancel" his tariff regime and "return to the right path of mutual respect." US officials indicated on Sunday that these products would instead face a "semiconductor tariff," with Trump expected to provide additional details later. US Commerce Secretary Howard Lutnick confirmed this new levy would supplement the global tariffs the US imposed earlier this month, which were subsequently paused for 90 days. "We need our medicines and we need semiconductors and our electronics to be built in America," Lutnick stated. A US customs notice released […]

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Trump Insists US Steel Must Remain American-Owned, Challenging $15B Nippon Deal

President Donald Trump reaffirmed his opposition to foreign ownership of U.S. Steel on Sunday, stating he doesn't believe a foreign company should control the iconic American manufacturer. This repeated stance further dampens prospects for Japan's Nippon Steel's $15 billion acquisition bid. Speaking to reporters aboard Air Force One while returning to Washington from Florida, Trump maintained his position first expressed last Wednesday when he said he didn't want to see U.S. Steel "go to Japan"โ€”comments" that triggered a 7% drop in the company's share price. Following Trump's initial remarks, both companies stated they were working closely with the Trump administration to "secure a significant investment." Japanese Prime Minister Shigeru Ishiba revealed that he and Trump had discussed the deal during their February meeting. "The difference between acquisition and investment must be carefully examined in light of the U.S. law, but […]

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Phone and Computer Prices Dodge Trump’s Mega-Tariffs

The U.S. administration has announced key exemptions to its recent tariff policies, specifically excluding smartphones, computers, and electronic components from the 125% China-specific tariff and the 10% global tariff affecting most other nations. The exemptions, detailed in a U.S. Customs and Border Protection release, cover a range of electronic products including laptops, hard drives, computer processors, and memory chips. This decision acknowledges the current reality that these items are primarily manufactured outside the United States, with domestic production capabilities potentially requiring years to develop. The exemption mainly benefits Apple's operations, as the company primarily manufactures its phones in China through orders from its Cork, Ireland facility. There had been concerns that supply chain disruptions could impact the profitability of Apple's Irish operations and subsequent corporate tax payments in Ireland. Semiconductor manufacturing equipment also received exemption status, a significant development for […]

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Auto Tariffs Will Cost Industry 100 Billion Dollars and Cut Sales by Millions

New vehicle tariffs are reshaping the automotive landscape, with industry analysts forecasting significant impacts on both manufacturers and consumers. The 25% tariff on imported vehicles and upcoming similar levies on auto parts are expected to create ripple effects throughout the sector. Financial experts project the policy changes could add between $110 and $160 billion in annual costs industry-wide. For U.S. automakers alone, expenses could rise by $107.7 billion, with Detroit's Big Three facing $41.9 billion in additional costs. These increased expenses are likely to affect consumer prices, with analysts predicting average vehicle cost increases of $2,000-$4,000 over the next year. Imported vehicles could see price hikes up to $6,000, while U.S.-assembled vehicles may increase by $3,600 due to parts tariffs. Manufacturers are responding differently: domestic producers are offering temporary employee pricing deals, while some international brands have suspended U.S. shipments. […]

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Irish Government Unveils Welfare Package

In response to ongoing cost-of-living challenges, the Irish government has introduced a comprehensive social welfare package as part of Budget 2025. These measures aim to support vulnerable groups financially through various lump-sum payments and benefit increases. The government's welfare package includes several significant provisions: The Carer's Support Grant has increased by โ‚ฌ150 to โ‚ฌ2,000 annually. This non-taxable grant supports those providing full-time care for at least six months. Applications open in April, with payments beginning June 5. A โ‚ฌ300 lump sum fuel allowance payment will help eligible households manage winter heating costs. Those receiving the Living Alone Increase will get a โ‚ฌ200 lump sum payment to assist with independent household management. Families will benefit from double Child Benefit payments in November and December, plus an additional โ‚ฌ100 cost-of-living payment per qualifying child. Individuals on Disability Allowance, Blind Pension, or Invalidity […]

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Global Markets Tumble as Trump Unveils Sweeping New Tariffs

World stocks, the dollar, and oil prices plummeted Thursday as Donald Trump's dramatic new U.S. trade tariffs sparked widespread fears of a global recession, sending investors rushing toward safe-haven bonds and the Japanese yen. The announcement of a baseline 10% tariff on imported goods plus additional "reciprocal" tariffs on numerous countries that Trump claimed maintained unfair trade barriers left traders visibly shaken by their severity. In Europe, where the 27-country EU bloc now faces a 20% reciprocal levy, markets fell between 1.3% and 2% as Brussels and other capitals expressed outrage. Wall Street futures dropped 3% ahead of what was anticipated to be a volatile U.S. market opening later. The dollar's 2% decline was on track to be its worst daily performance since November 2022. Asian markets, targeted by some of the harshest tariffs, saw Tokyo drop 2.7%, heading toward […]

Trump Tariff Bombshell Triggers Global Market Panic As Gold Hits Record High
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Trump Tariff Bombshell Triggers Global Market Panic As Gold Hits Record High

Global stock markets tumbled Thursday as investors reacted to President Donald Trump's sweeping tariff announcements, with the UK's FTSE 100 dropping 1.5% alongside other declining European markets, following earlier falls across Asia. While stocks retreated, gold prices reached a record high of $3,167.57 per ounce as investors sought safety amid growing economic uncertainty. Traders expressed concern that Trump's tariffs could fuel inflation and hamper global growth. Asian markets fell sharply following Trump's announcement, with Japan's Nikkei closing down nearly 3% and Hong Kong's Hang Seng dropping 1.5%. European indexes followed suit, with Germany's Dax falling 2.2% and France's Cac 40 declining 2.5%. US markets were also projected to open significantly lower, with futures indicating a 3% drop for the S&P 500 and 2.4% for the Dow Jones. The US government's decision to impose a 10% baseline tariff plus higher duties […]

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Trump Announces Sweeping New Tariffs in Major Trade Policy Shift

U.S. President Donald Trump was set to implement broad new reciprocal tariffs on global trading partners on Wednesday, marking a significant departure from decades of rules-based trade policies. This move risks increasing costs for consumers and will likely trigger retaliatory measures from affected countries. Final details of the tariff plans, which Trump has characterized as America's "Liberation Day," were still being finalized ahead of a White House Rose Garden announcement scheduled for 4 p.m. Eastern Time (2000 GMT). The new duties will take effect immediately following Trump's announcement, while a separate 25% global tariff on auto imports is scheduled to begin on April 3. Trump has framed his reciprocal tariff strategy as an effort to equalize generally lower U.S. tariff rates with those charged by other countries and to counter non-tariff barriers that disadvantage American exports. However, the specific structure […]

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NNPC Welcomes New Leadership as Ojulari Takes Helm and Board Changes

The Nigerian National Petroleum Company (NNPC) Limited has officially welcomed Mr. Bayo Ojulari's appointment as the new Group Chief Executive Officer, along with a reconstituted board of directors appointed by President Bola Ahmed Tinubu. In a statement released on Wednesday by Olufemi O. Soneye, Chief Corporate Communications Officer, NNPC expressed appreciation to the outgoing GCEO, Mele Kyari, and former board members for their service to both the company and the nation. "Mr. Kyari's leadership and tireless efforts have left an indelible mark on NNPC Ltd., and we are sincerely grateful for his outstanding contributions," the statement noted. The energy company also conveyed best wishes to Kyari and the departing board members, recognizing their dedication and expressing hope for their continued success in their future endeavors.

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