Despite the pressure from the U.S. China’s trade continues to grow
Trump’s tariffs have reduced U.S.-China trade, but Beijing is offsetting losses by boosting exports and investment across Africa, Europe, and Southeast Asia.
Business and Economy
US economy added 911,000 fewer jobs than earlier reported
The US economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, suggesting job growth was already stalling before President Trump’s aggressive tariffs on imports
Musk’s trillion-dollar payout depends on robots and robotaxis
Tesla must lean on robots, robotaxis, and investor optimism to reach the $8.5 trillion valuation tied to Elon Musk’s new pay package.
CBN sets $1bn diaspora fund target for 2026
Cardoso says current reserve is $600m, urges banks to drive growth.
Americans lose $10 billion to scams linked to Southeast Asia in 2024
The U.S. sanctioned Southeast Asian scam networks after Americans lost over $10 billion to online fraud in 2024.
Fuel price: Nigerians face uncertainty as FG, NUPENG, Dangote talks hit deadlock
A high-level consultative meeting on September 8, 2025, between the Federal Government, NUPENG, Dangote Group, and stakeholders ended abruptly with no agreement reached, prolonging fuel supply disruptions and raising fears of price hikes.
Africa’s biggest secondhand car market hit hard by Trump’s auto tariffs
Africa’s largest secondhand car market, which sources over half of its vehicles from the United States, is now under severe strain as Donald Trump’s auto tariffs have driven used-car prices to double, casting doubt on the industry’s future.
Flight Disruptions: FG orders clampdown on airlines frustrating passengers
The Federal Government has ordered NCAA to immediately name and shame airlines that frustrate passengers through unjustified flight disruptions.
China condemns U.S. blacklist over “wrongful detention” claims
China has “firmly opposed” a U.S. executive order from Donald Trump to create a blacklist of countries accused of “wrongful detention” of Americans, insisting there is “absolutely no question of so-called wrongful detention” and accusing the U.S. of practicing coercive diplomacy.
Dangote refinery dispute: PENGASSAN backs NUPENG’s strike warning
PENGASSAN has thrown its full support behind NUPENG and warned that it may join a shutdown of Dangote Refinery if management continues to block unionisation efforts.