U.S. Announces New Tariff Increase Donald Trump has announced a new tariff hike on European vehicles. The U.S. will raise duties on cars and trucks from the European Union to 25%. The increase will take effect next week. Trump said the decision followed the EU’s failure to meet trade agreement terms. White House Defends the…
Cigna Announces ACA Exit Cigna has announced plans to leave the Affordable Care Act marketplace by 2027. Executives shared the decision during the company’s latest earnings call. The company reported strong financial results for the first quarter. Net income reached $1.7 billion, beating expectations. Second Major Insurer to Withdraw Cigna follows Aetna, owned by CVS…
Aviation Stakeholders Support Government Action Experts in Nigeria’s aviation sector have defended the Federal Government’s intervention in the ongoing aviation fuel crisis. The stakeholders warned that unchecked market forces could cripple the country’s air transport industry, which remains critical to the economy. Nigeria’s aviation sector has faced mounting pressure in recent months following a sharp…
Peter Obi, the 2023 presidential candidate of the Labour Party, has commended Nigerian workers for their contributions to national development, while lamenting the harsh economic conditions they face. In a post on X on Friday to mark Workers’ Day, Obi said the sacrifices of workers continue to sustain the country despite growing hardship. “I warmly…
Investigation Targets Chemical Use in Clothing Rising interest in health and fitness has increased scrutiny on everyday products. Activewear now faces questions over hidden chemical risks. Ken Paxton recently launched a civil investigation into Lululemon. The probe examines whether its clothing contains so-called “forever chemicals.” What Are PFAS and Why They Matter PFAS, or per-…
Limited Access to Workplace Benefits A large share of U.S. workers do not receive retirement benefits from their employers. According to The Pew Charitable Trusts, nearly half of private sector employees lack access to such plans. This gap affects about 56 million workers. Many of them struggle to prepare for long-term financial security. Low Savings…
Naira Posts Modest Appreciation The Nigerian currency showed a slight recovery against the US dollar on Wednesday. It ended a recent streak of depreciation in the official market. Data from the Central Bank of Nigeria showed the naira closed at N1,379.46 per dollar. This marks a small gain from N1,380.71 recorded the previous day. The…
Bank of England Set to Pause Rates Bank of England is expected to keep interest rates unchanged. Policymakers continue to assess the economic impact of the Iran war. The bank’s main rate will likely remain at 3.75%. Some members may still support a small rate increase to curb inflation. War Disrupts Global Energy Flows The…
Market Swings Raise Fresh Concerns After a year of sharp swings and quick rebounds, many investors are reviewing their portfolios. Confidence in long-term U.S. market dominance is now being questioned. Major indexes like the S&P 500 and Nasdaq recorded several sudden drops in 2025. Despite the declines, both markets recovered quickly and often reached new…
Ibukun Awosika, former chairperson of First Bank, says Nigeria’s progress depends largely on the choices of its citizens, particularly through voting and economic participation. Awosika spoke on Wednesday at the Jerry Eze Business Grant award ceremony, where she urged Nigerians to take responsibility for building the country. “This nation, for all its problems, its solution…
