Category: All Posts in Business Category
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Business

Nigeria’s Petrol Price Far Below Regional Average, Says Dangote, as Refinery Spurs Economic Shift

WafricNews | June 2, 2025LAGOS - Aliko Dangote, Africa’s richest man and the president of the Dangote Group, says Nigerians are currently paying just over half of what their West African neighbours sp...

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Trump Hikes Steel Tariffs to 50%, Sparking Global Tensions and Industry Debate

WafricNews – June 1st, 2025 WEST MIFFLIN, PENNSYLVANIA – Former U.S. President Donald Trump made what he called a “major announcement” on Friday, doubling down on protectionist trade policies by raisi...

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Volvo Cars to Cut 3,000 Jobs in Major Cost-Cutting Drive

WafricNews – May 27, 2025 Gothenburg, Sweden - Volvo Cars, the Swedish automotive manufacturer owned by China's Geely Holding, has announced plans to slash approximately 3,000 jobs, primarily targetin...

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End of an Era: U.S. Treasury Confirms Penny Will Be Phased Out in 2026

WafricNews – May 22, 2025 Washington, D.C. – After more than two centuries in circulation, the United States will officially stop producing the one cent coin—commonly known as the penny—starting next...

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Millions in the UK Could Receive Up to £70 Each After Mastercard Legal Ruling

WafricNews – May 21, 2025 A landmark legal ruling could see millions of UK consumers receive up to £70 each, following a class action settlement against global payments giant Mastercard.The case, whic...

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Tesla Battery Supplier CATL Sees Stock Surge in Hong Kong Market Debut

WafricNews – May 20, 2025Hong Kong, China – Chinese battery giant CATL, the world’s largest maker of electric vehicle (EV) batteries, saw its shares jump by 18% on their first day of trading in Hong K...

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Trump Tells Walmart to ‘Eat the Tariffs’ as Retail Prices Set to Climb

Wafric News – May 19, 2025 Washington, D.C. – Former U.S. President Donald Trump has once again ignited a war of words—this time targeting Walmart, America’s largest retailer, after the company warned...

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NJ Transit Engineers Strike Halts All Train Service, Disrupts Commutes and Major Events

Wafric News – May 16, 2025North America Bureau - Train stations across New Jersey stood silent Friday morning as NJ Transit engineers walked off the job, grinding the nation’s third-busiest commuter r...

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US Ports Reeling from Tariffs Now Prepare for Sudden Import Boom

WafricNews – May 14, 2025America’s ports, still reeling from a sharp drop in cargo shipments triggered by heavy tariffs, could soon see the tide turn as retailers scramble to frontload goods amid a te...

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Wall Street Rebounds as S&P 500 Wipes Out 2025 Losses on Cooling Inflation

Wafric News – May 14, 2025 Wall Street bounced back Tuesday with a strong showing from tech and AI stocks, as investors welcomed fresh signs that U.S. inflation may be easing — at least for now.The S...

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