PETROL PRICE WAR TURNS DIRTY AS DANGOTE ATTACKS NMDPRA BOSS. (PHOTO).

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 Petrol price war turns dirty as Dangote attacks NMDPRA boss The President of the Dangote Group, Alhaji Aliko Dangote, on Sunday alleged that the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, paid about $5m for the secondary school education of his four children in Switzerland, calling for a full investigation and public explanation. Dangote said Ahmed must appear before the Code of Conduct Tribunal to explain to Nigerians how he was allegedly able to raise $5m for his children’s school fees, accusing him of economic sabotage. Dangote: “Mallan Farouk has four of his children whom he educated in Switzerland at a cost of $5 million for their secondary school education alone, not university. “When you look at his income, his income does not match paying this kind of fees. And even if it’s me paying $5m for six years for my four children, the taxman has to look at my taxes and how much I pay.” “From Sokoto, where he comes from, p...
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CHINA WARNS U.S. TARIFFS COULD SPARK HUMANITARIAN CRISIS IN DEVELOPING NATIONS.(PHOTO).​

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China Warns U.S. Tariffs Could Spark Humanitarian Crisis in Developing Nations​


China's Commerce Minister, Wang Wentao, has issued a stark warning regarding the escalating trade tensions between the United States and China. In a recent video call with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, Wang expressed deep concern that the U.S.'s increasing tariffs on Chinese goods could have devastating effects on developing countries, potentially leading to a humanitarian crisis.


Wang emphasized that the U.S.'s "reciprocal tariffs" would inflict serious harm on developing nations, especially the least developed countries. He stated that these measures introduce significant uncertainty and instability into the global economy, causing chaos both internationally and within the United States itself. ​


This warning comes in the wake of President Donald Trump's decision to raise tariffs on Chinese imports to a staggering 145%, citing a lack of respect from China. In retaliation, China has increased its tariffs on U.S. goods to 125%. The tit-for-tat tariff increases have raised concerns about a potential global economic downturn, with economists warning of rising inflation and the risk of recession.​


The escalating trade war between the U.S. and China is not just a bilateral issue; it has far-reaching implications for the global economy, particularly for developing nations. 


China's warning about a potential humanitarian crisis underscores the severity of the situation.

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