Thursday 05 March 2026 11:20 am Construction firms have suffered from rainy weather. The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown. S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output
Wisconsin-based Weyco Group Inc. is proof of why American corporations are suing their own president over lost revenue. The Milwaukee Journal Sentinel reports the shoe company paid more than $16 million in tariff fees to the U.S. government thanks to President Donald Trump, causing a devastating 24 percent drop in the company’s profits from the
The appetite for short-term debt is hitting a fever pitch as companies aggressively utilise the Commercial Paper (CP) market. Companies turn to Commercial Paper as a cheaper alternative to traditional bank loans for increased working capital. Commercial paper issuances climbed to N143.19 billion in February, a 165 percent increase from N53.96 billion in January, according
Wednesday 04 March 2026 3:28 pm The US has suggested baseline tariffs will rise to 15 per cent. (Image: Getty) US treasury secretary Scott Bessent has warned that the administration’s plans for a higher universal 15 per cent tariff could come into effect this week. Bessent said the new baseline tariff rate would come in
Sarah K. Burris ‘Wicked idiotic’: Dunkin’ drinkers prep for battle in brewing White House coffee war March 04, 2026 President Donald Trump’s administration just started a war that it has no hope of winning, according to coffee drinkers. And it has nothing to do with the Middle East. The Boston Globe reported Wednesday that Health
Nigeria’s business confidence rose to its strongest level in more than a year in February 2026, driven by expectations of lower borrowing costs and optimism that the ongoing bank recapitalisation programme will strengthen credit availability to businesses. Data from the Nigerian Economic Summit Group (NESG) Business Confidence Monitor (BCM) shows that the current business performance
Tuesday 03 March 2026 5:48 am | Updated: Monday 02 March 2026 6:05 pm Reeves has to deliver the Spring Statement as war rages Spare a thought for Rachel Reeves. She had hoped to make a Spring Statement that nobody noticed and yet today she has to deliver it as war rages in the Middle
President Donald Trump has long held that his trade war and imposed tariffs would help rebuild the U.S. manufacturing base. One company that promised to buy into his philosophy is now fleeing to Mexico and laying off American workers. The U.S.’s largest appliance manufacturer, Whirlpool, had been a champion of Trump, welcoming him to an
While the quality of Hungarian wine has improved exponentially in recent years, the industry is facing a seismic threat in the form of the Flavescence dorée grapevine disease. Also known as Grapevine Yellows, it leads to a severe reduction in yields before vines actually die. It is caused by a bacteria-like phytoplasma that inhabits the
Nigeria’s net external reserves surged by 772.18 percent in two years to $34.80 billion at the end of 2025 from $3.99 billion in 2023, according to Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN). Cardoso disclosed in a statement on Monday that the sharp rise in net reserves reflects what he described as