Category: All Posts in Business Category
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Business

Trump Targets Foreign Films With 100% Tariffs in Bid to Revive Hollywood

Wafric News | Washington, D.C. – May 5, 2025In a dramatic escalation of his global trade offensive, U.S. President Donald Trump has announced plans to slap 100% tariffs on movies produced outside the...

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Elon Musk’s SpaceX Hub in Texas Officially Becomes a City Called Starbase

WafricNews | May 4, 2025What started as a private rocket launch site in a remote corner of Texas has now officially been stamped into existence as a city — welcome to Starbase, Texas.Over the weekend,...

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World Bank Reveals 75% of Rural Nigerians Now Live in Poverty

Wafric News | May 4, 2025ABUJA — Nigeria’s deepening economic troubles have pushed a staggering 75.5% of its rural population into poverty, according to a new report from the World Bank, spotlighting...

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Warren Buffett Announces Retirement After 60 Years of Leading Berkshire Hathaway

Wafric News | May 4, 2025Warren Buffett, the legendary investor and one of the wealthiest individuals in the world, announced on Saturday that he plans to step down as the CEO of Berkshire Hathaway by...

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Temu Says It's Shipping from the U.S, But Goods Still Come from China

Wafric News | May 3, 2025Chinese-owned e-commerce platform Temu has announced a sweeping change in its U.S. operations, declaring that all American orders will now be fulfilled from within the United...

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Zelle Restores Service Following Outage Affecting Some Bank Customers

Wafric News – New York | May 3, 2025Zelle, the widely-used money transfer platform, is coming back online after a technical disruption left thousands of bank customers across the United States unable...

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Fuel Importers Under Pressure as Petrol Landing Cost Hits N870 — Higher Than Dangote’s Rate

Friday, May 2, 2025 — WafricNewsThe cost of landing Premium Motor Spirit (PMS), commonly known as petrol, has surged to an average of N870 per litre — a development that is threatening the survival of...

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U.S. Closes Import Loophole, Triggering New Tariffs and Rising Prices for Shoppers

Friday, May 2, 2025 — WafricNewsMillions of Americans are waking up to unexpected price hikes and shipping delays as a major trade rule quietly expired at midnight Friday, signaling a new chapter in t...

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Asian Markets Rebound as Hopes for U.S.-China Trade Talks Calm Investor Jitters

WafricNews | May 2, 2025Asian stock markets posted modest gains on Friday, buoyed by renewed signs of diplomatic engagement between the United States and China, two economic superpowers whose trade r...

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CBEX Defies SEC Ban, Resumes Operations Amid N1.2 Trillion EFCC Fraud Probe

The Central Bank Exchange (CBEX) has resumed operations just weeks after being sanctioned by Nigeria’s Securities and Exchange Commission (SEC) and facing an ongoing investigation by the Economic and...

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