BoJ Holds Rate, Cites Inflation and U.S. Trade Risks

The Bank of Japan (BoJ) kept its key interest rate unchanged at 0.5% on Thursday, raising inflation and growth forecasts while flagging heightened risks from U.S. trade policy under President Donald Trump. The central bank lifted its core inflation projection for 2025 to 2.8%, up from 2.3%, but cautioned that external pressures — including U.S….

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Trump Imposes 50% Tariff on Brazilian Exports

U.S. President Donald Trump has signed an executive order imposing an additional 40% tariff on Brazilian exports, raising total trade duties to 50%, the White House announced Wednesday. The action targets what Trump described as political persecution of Brazil’s former president Jair Bolsonaro, a key far-right ally. A White House fact sheet accused the Brazilian…

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Dino Melaye Quits PDP Over Nigeria’s Political Woes

By Ayomide Otitoju Former Kogi West Senator Dino Melaye has resigned from the Peoples Democratic Party (PDP), citing the party’s failure to address Nigeria’s deepening political challenges. Melaye announced his exit on Thursday via a post on his official X handle, where he shared a resignation letter addressed to the PDP chairman in Ward 1,…

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Tinubu Appoints Majekodunmi as New Climate Council DG

By Ayomide Otitoju President Bola Tinubu has appointed Mrs. Omotenioye Majekodunmi as the new Director-General of the National Council on Climate Change (NCCC), succeeding Dr. Nkiruka Madueke, who was appointed in June 2024 as the agency’s pioneer head. The appointment was announced Thursday in a statement by presidential spokesperson Bayo Onanuga, who described Majekodunmi as…

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Appeal Court Affirms Musa Mohammed as RTEAN President

By Ayomide Otitoju The Court of Appeal in Abuja has affirmed Alhaji Musa Mohammed as the legitimate Executive President of the Road Transport Employers’ Association of Nigeria (RTEAN), ruling that a challenge to his tenure has become academic. The three-member panel, led by Justice Hamma Barka and read by Justice Abba Mohammed, struck out an…

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Michael Jackson’s 1997 Concert Sock Sells for $8,800 at Auction

A rhinestone-studded sock once worn by pop icon Michael Jackson during a 1997 concert in France has sold for over $8,800 at auction, according to French auction house Ivoire Nîmes. The single white athletic sock, adorned with rhinestones and visibly aged, was discovered by a technician near Jackson’s dressing room following his performance in the…

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