U.S. President Donald Trump has increased tariffs on Canadian steel and aluminum imports to 50%. He announced this on March 11, 2025. The move came after Ontario imposed a 25% tariff on U.S. electricity exports. As a result, financial markets reacted immediately. The Dow Jones Industrial Average dropped almost 600 points, sparking fears of a… Read more

The Nigerian Naira has dropped to N1,570 per U.S. dollar in the parallel market. Previously, it traded at N1,545 over the weekend. However, the situation is different in the Nigerian Foreign Exchange Market (NFEM). There, the Naira appreciated slightly, trading at N1,528 per dollar. This difference highlights the ongoing challenges in Nigeria’s exchange rate management.… Read more