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IMF Warns US Tariffs Could Disrupt Global Economic Stability

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Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has raised alarms about the potential impact of new US tariffs, describing them as a significant risk to the global economy, particularly during a time of sluggish growth.....KINDLY READ THE FULL STORY HERE▶

In a statement following the announcement of the tariff measures on Tuesday, Georgieva stated that the IMF is still evaluating the broader economic consequences of these actions. She emphasized that the tariffs pose a considerable risk to the global economic outlook, urging caution to avoid further harm to the already fragile world economy.

Georgieva also called for constructive dialogue between the United States and its trading partners, urging them to resolve trade tensions and reduce the uncertainty that could undermine investment and economic growth. She warned that such trade uncertainty could weaken global financial stability.

The US recently imposed a 14% tariff on imports from Nigeria, part of a broader protectionist agenda under former President Trump. This decision has intensified market volatility, affecting Wall Street, European, and Asian markets. The tariffs target key Nigerian exports, such as agricultural products and manufactured goods, and are part of ongoing trade disputes between the two nations, with the US asserting that Nigeria has unfairly benefitted from trade policies.

The IMF has long cautioned against escalating trade restrictions, which often provoke retaliatory measures, disrupt global supply chains, and increase costs for both businesses and consumers. Protectionist policies have already hampered the global recovery from the COVID-19 pandemic, and the IMF warns that the new tariffs could further destabilize global trade and economic growth.

The IMF plans to release a comprehensive evaluation of the tariffs’ economic impact in its World Economic Outlook report, due during the upcoming IMF/World Bank Spring Meetings. Trade tensions are expected to be a central topic of discussion at these meetings, and economists are keenly awaiting the IMF’s analysis, which will assess the potential effects on inflation, growth, and international trade flows.

While US officials defend the tariffs as necessary to protect domestic industries, critics argue that such measures often have unintended negative consequences. The IMF continues to advocate for open trade and multilateral cooperation, emphasizing that resolving disputes through dialogue benefits global economic stability.

As the global economy faces numerous challenges, including high inflation and tightening monetary policies, the IMF’s forthcoming report will be crucial in shaping discussions on global trade policy and in determining the potential risks and opportunities associated with these new tariffs.

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“Kano Will Fall!” – NDC Candidate Declares Total War On APC Ahead Of 2027.

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Aminu Abdulsalam Gwarzo, the Nigerian Democratic Congress (NDC) governorship candidate for Kano State, has declared his firm belief that his party will defeat the incumbent administration in the 2027 elections. During a recent event to affirm his candidacy, the former deputy governor emphasized the unity between the NDC and the Kwankwasiyya movement, asserting their shared determination to lead Kano State in a new direction.....KINDLY READ THE FULL STORY HERE▶

Gwarzo reaffirmed the movement’s unwavering commitment to the ideals of its leader, Rabiu Musa Kwankwaso, stating, “We are the followers of Kwankwaso. We are here, and we continue to pray day and night. By the will of Allah, this government will be defeated in a single stroke.” He pointed to the palpable enthusiasm within the movement as clear evidence that democratic change is well within reach.

Looking toward the upcoming election, Gwarzo outlined a strategy centered on robust grassroots mobilization and consistent engagement with the electorate. He also encouraged his supporters to maintain peace and adhere to the law as the political climate heats up. Finally, he called on the people of Kano to critically evaluate the performance of their political leaders to ensure they are prepared to make informed choices at the ballot box.

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“Relief At Last!” – Dangote Refinery Slashes Petrol Price To ₦1,250 Per Litre.

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The Dangote Petroleum Refinery has adjusted its gantry price for Premium Motor Spirit (petrol), lowering it from ₦1,275 to ₦1,250 per litre, marking a two per cent reduction. This price shift is attributed to a decline in international crude oil prices, which serve as the refinery’s primary feedstock.                                                                                                                                                                                                                                                                                                                                                    An official from the refinery noted that such adjustments are expected in a deregulated market and emphasized that the company will continue to calibrate prices based on evolving market conditions. Despite this move, current retail prices at many filling stations across Nigeria remain above ₦1,350 per litre, with costs varying by location and marketer.Beyond pricing, the refinery has been credited as a key driver of Nigeria’s improving economic outlook. S&P Global Ratings recently upgraded the country’s long-term foreign- and local-currency sovereign credit ratings from “B-” to “B,” citing factors such as stronger economic growth, increased oil production, and improved external balances. S&P specifically highlighted the operational ramp-up of the Dangote refinery’s 650,000-barrel-per-day facility as a significant contributor to the nation’s enhanced balance-of-payments position and overall economic resilience.....KINDLY READ THE FULL STORY HERE▶

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Political Grudge Match: Ganduje Mocks Kwankwaso, Declares Him His Former “Political Boy”!.

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A political war of words has erupted between former APC National Chairman Abdullahi Umar Ganduje and former presidential candidate Rabiu Musa Kwankwaso. The friction began when Kwankwaso, speaking at his Kano residence, insisted that prominent politicians—including Ganduje—owe their political rise to his mentorship and cannot deny their past loyalty to him. Ganduje, currently performing the Hajj pilgrimage in Saudi Arabia, responded through his chief of staff, Muhammad Garba, by asserting that Kwankwaso was actually his own protégé. Ganduje highlighted his role in Kwankwaso’s early career, including his support during Kwankwaso’s rise to the House of Representatives and his decision to step down as a gubernatorial candidate in 1998 to serve as Kwankwaso’s deputy. Ultimately, Ganduje advocated for moving away from “godfather” labels to focus on effective leadership and peace in Kano.....KINDLY READ THE FULL STORY HERE▶

Option 2: Concise Summary

Following Rabiu Musa Kwankwaso’s claims that top Kano politicians were once his “political boys,” Abdullahi Umar Ganduje has fired back, asserting he was actually the mentor in their relationship. While Kwankwaso insisted that his former allies owe their success to his political structure, Ganduje countered by citing his own past support for Kwankwaso’s career, including his sacrifice during the 1998 Kano governorship race. Furthermore, Ganduje requested respect for the office of current Governor Abba Kabir Yusuf and urged Kano’s political class to prioritize unity over divisive rhetoric regarding past hierarchies.

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