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The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion.
With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery.
China denied President Xi Jinping's pledge to further open the country's economy amounts to concessions in a trade spat with the United States, and warned it was ready to hit back at any new US protectionist moves.
UN Secretary-General Antonio Guterres said Tuesday that globalisation was universal and the world should not pursue isolationism, protectionism or exclusion.
China has vowed imminent countermeasures in the escalating trade war between it and Donald Trump’s America as it also condemned the administration’s plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products.
President Donald Trump renewed his demand Saturday that the European Union halts its trade barriers to US products in order to spare his allies new steel and aluminum tariffs.
The Nigeria Labour Congress (NLC), has warned the Federal Government against signing the African free trade agreement, describing it as a neo-liberal policy.
German Finance Minister Wolfgang Schaeuble assailed the rise in protectionism and anti-free-trade sentiment Saturday in a statement that appeared aimed at the administration of US President Donald Trump.
The World Bank has warned Nigeria against the danger of putting trust in the prices of crude oil going up again and making its economic growth projections based on same.
Chinese President Xi Jinping on Tuesday warned that the world economy faces growing risks and uncertainties from countries turning inward on trade and resisting combating climate change, delivering an implicit rebuke to his American counterpart, Donald Trump.
Chinese President Xi Jinping on Sunday called for the world to reject protectionism even as American and European pressure mounts on Beijing to lower market barriers, speaking at the start of a Chinese-led summit of five large emerging economies now overshadowed by North Korea's sixth nuclear test.
World Cup-bound Nigeria are "more than happy with being written off," according to captain John Mikel Obi.
Governor Dave Umahi of Ebonyi State says despite being a member of the Peoples Democratic Party (PDP), he will not want to castigate President Muhammadu Buhari.
Twenty-two people were killed in a clash with the army in Cameroon’s restive Northwest anglophone region, an opposition MP told AFP on Saturday.
The Social Democratic Party (SDP) has warned that the 2019 general election may not hold if killings and kidnapping persist.
Gareth Bale hinted a summer move away from Real Madrid could be on the cards after stepping off the bench to make a record-breaking contribution to an historic Champions League victory over Liverpool.
The Federal Fire Service on Wednesday in Abuja gave a three-month ultimatum to defaulters of its building fire risk assessment to comply or face sanction.
Inmates of four prison formations in Lagos State on Saturday participated in the maiden edition of Inter-Prison Sports Competition held at Kirikiri Maximum Prison.
Justice Mojisola Dada of an Ikeja Special Offences Court, Lagos has just declared the Chairman of Innoson Motors, Innocent Chukwuma, wanted for fraud.
The Joint Admissions and Matriculation Board on Sunday said that it had set May 26 for rescheduled Unified Tertiary Matriculation Examinations for more than 12, 000 candidates across the country.
Xavi Hernandez could play on until the age of 40 after it was announced on Thursday he has signed a two-year extension to his contract with Qatari club Al Sadd.