The United States and China have agreed to a temporary 30 per cent reduction in tariffs on each other’s goods, marking a 90-day reprieve as both sides seek a more lasting resolution. The agreement, reached after two days of high-level negotiations in Geneva, Switzerland, represents the most meaningful progress in trade relations between the two powers since the intensification of hostilities under former President Donald Trump’s administration. As part of…

LAGOS, Nigeria — May 12, 2025 — The naira depreciated slightly against the world’s major currencies (U.S. dollar, British pound, euro, and Chinese yuan) on Sunday. Although the movements were marginal, they have drawn considerable attention from economic analysts, traders, and international observers, reflecting the continued volatility of Nigeria’s foreign exchange regime. Data from Google Finance indicates that the naira declined by 0.21% against the U.S. dollar and 0.16% against…

Pope Leo XIV appealed for “no more war” in a message to world powers during his first Sunday address at St. Peter’s Square at noon. The new pontiff, elected on May 8 as the first American Pope, called for an “authentic and lasting peace” in Ukraine, a ceasefire in Gaza, and the release of all Israeli hostages held by militant group Hamas and welcomed Saturday’s agreement to end recent hostilities…

Immigrants detained in Texas were loaded onto buses and taken to a military airfield on Wednesday in what appeared to be a covert deportation attempt to Libya, only to be returned hours later to detention without explanation, according to attorneys and immigration advocates. Among the group was a Vietnamese construction worker from Los Angeles, represented by attorney Tin Thanh Nguyen, who said his client was one of many woken in…

In the span of just two weeks, communications between air traffic controllers and pilots at Newark Liberty International Airport have failed twice, each time for about 90 seconds. Though no crashes occurred, the breakdowns triggered massive delays, traumatised air traffic staff, and reignited concerns over America’s aging and dangerously understaffed air traffic control (ATC) system. The first outage on April 28 was followed by a radar failure on May 3,…

British Prime Minister Keir Starmer, flanked by European allies in Ukraine’s capital, declared a renewed show of unity on Saturday as world leaders demanded an unconditional 30-day ceasefire from Russia amid the ongoing war in Ukraine. The emergency summit, dubbed the “coalition of the willing,” brought together Starmer, Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron, German Chancellor Friedrich Merz, and Polish Prime Minister Donald Tusk for high-stakes talks in…

Meta, the parent company of Instagram, has restricted access to a widely-followed Muslim news page, @Muslim, for users in India following a legal request by the Indian government. The move has sparked backlash from free speech advocates and intensified concerns over censorship during a period of growing hostility between India and Pakistan. Indian Instagram users trying to access the @Muslim account – which boasts 6.7 million followers globally were met…

India and Pakistan have agreed to an immediate ceasefire following intense U.S.-led diplomatic intervention, ending days of cross-border missile strikes and escalating military conflict between the two nuclear-armed nations. The ceasefire was announced Saturday afternoon by U.S. President Donald Trump on his Truth Social platform, declaring the deal a success of “Common Sense and Great Intelligence” after 48 hours of backchannel diplomacy spearheaded by Secretary of State Marco Rubio and…

Lagos, May 10, 2025 — The Nigerian naira appreciated by 0.23% against the U.S. dollar today, reflecting subtle shifts in forex demand and the effects of recent monetary policies. According to official data, the exchange rate improved from ₦1610.76/$1 on May 9 to ₦1607.11/$1 on May 10. The modest gain, though small, highlights the continued volatility and pressure in Nigeria’s foreign exchange market. Analysts attribute the movement to fluctuating demand,…

The Brazilian government has officially declined a request from the U.S. State Department to classify two of the country’s most notorious criminal gangs, Primeiro Comando da Capital (PCC) and Comando Vermelho (CV), as terrorist organizations, according to Brazil’s National Secretary of Public Security, Mario Sarrubo. The request was made during a high-level meeting between U.S. and Brazilian officials on Tuesday in Brasília, where American delegates raised concerns over the transnational…

The Nigerian naira recorded a marginal depreciation of 0.19% against the US dollar today, May 9, 2025, compared to the previous trading session. According to official data, the exchange rate moved from ₦1607.72 on May 8 to ₦1610.76 per $1. This slight loss reflects shifting dynamics in forex demand, ongoing supply constraints, and current monetary policies enacted by the Central Bank of Nigeria (CBN).  Daily Naira Market Rates (May 9,…

Food aid for one million refugees in Uganda has been cut off entirely this week, as the United Nations World Food Programme (WFP) grapples with a deepening funding crisis. The abrupt halt has triggered widespread fear of starvation, instability, and forced repatriation across Africa’s largest refugee-hosting nation. The WFP sounded the alarm weeks ago, urgently appealing for $50 million to continue supporting refugees escaping war and violence in the Democratic…