Major events are unfolding around the world, and trust us, we are here to serve you the full gist.
Notably, U.S. President Donald Trump revealed a “friendly” conversation with Chinese President Xi Jinping, sparking hopes of a trade deal.
Meanwhile, the Bank of Japan has raised interest rates to a 17-year high, and China’s Yantian port is experiencing congestion, delaying exports.
These News come as Nigeria’s Federal Government approves a 4 billion naira cash transfer program to support vulnerable households, and the country mourns the passing of former Minister of the Federal Capital Territory, Jeremiah Useni.
Trump’s ‘Friendly’ Talk with Xi: A Glimmer of Hope for Trade Deal?
Let’s begin with the big gist.
In a significant development, U.S. President Donald Trump revealed that his conversation with Chinese President Xi Jinping last week was “friendly.”
The two leaders discussed key issues, including TikTok, trade, and Taiwan.
Trump expressed optimism about reaching a trade deal with China, citing the friendly tone of their conversation.
However, Trump also mentioned imposing a 10% duty on Chinese imports due to concerns over fentanyl shipments from China through Mexico and Canada.
This move has sparked concerns about the potential impact on global trade. Despite this, Trump remains confident that a trade deal can be reached, and his administration is working tirelessly to negotiate a mutually beneficial agreement.
Japan Raises Interest Rates
Meanwhile, the Bank of Japan raised its interest rates to a 17-year high, aiming to keep inflation around 2%. This decision reflects the bank’s confidence in rising wages and its efforts to combat deflation and stagnant growth.
China’s Port Congestion Delays Exports
A major Chinese port, Yantian, is experiencing congestion, delaying exports ahead of the Lunar New Year holiday and potential U.S. tariffs on Chinese goods.
Exporters are rushing to ship cargo, prompting the port to increase its daily container quota by 15%.
Also Read: FULL LIST: Addresses Of NYSC Secretariats Across Nigeria
The Passing Of Jeremiah Useni
Retired Lieutenant General Jeremiah Useni, a former Minister of the Federal Capital Territory, passed away on Thursday at the age of 82.
Plateau State Governor Caleb Mutfwang praised Useni’s exemplary leadership and dedicated public service.
FG Approves ₦4bn Cash Transfers
The Nigerian Federal Government has approved 4 billion naira for cash transfers to support vulnerable households across the country.
The program aims to help at least 10 million displaced households, focusing on the most vulnerable members of society.
