Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, on Friday said Nigerians did not protest when the present administration increased the pump price of petrol to N145 per litre because of the trust they have in President Muhammadu Buhari.
Adesina stated this on his Twitter handle, @femadesina, in apparent response to a statement credited to former President Goodluck Jonathan that those who criticised him for leaving the pump price of fuel at N87 are not speaking out now that his successor had jerked up the price to N143.
The presidential spokesman said the difference between the two scenarios painted by the former President was trust.
“When petrol went to N145 under PMB, Nigerians held their peace, unlike when they shut the country in 2012. The difference is trust. Simple,” Adesina tweeted.
Jonathan’s administration had in 2012 increased fuel price from N67 to N97 per litre but reduced it to N87 in January 2015.
Speaking on Thursday when a chairmanship aspirant of the Peoples Democratic Party, Tunde Adeniran, visited him, the former President had expressed surprise that those who criticised his moves on fuel price had remained silent under Buhari.
“My government was severely criticised for increasing the pump price of petroleum from N67 to N97 at a time that global crude price was going for over $100.
“The pump price was later reduced to N87 when the price of crude oil dropped and they attacked us that it was supposed to be lower.
“Those who criticised my administration are not talking again now that the global crude oil is about $53 per barrel and the pump price of petrol is N143,” Ikechukwu Eze, Jonathan’s spokesman, had quoted him as saying in a statement.
Adesina stated this on his Twitter handle, @femadesina, in apparent response to a statement credited to former President Goodluck Jonathan that those who criticised him for leaving the pump price of fuel at N87 are not speaking out now that his successor had jerked up the price to N143.
The presidential spokesman said the difference between the two scenarios painted by the former President was trust.
“When petrol went to N145 under PMB, Nigerians held their peace, unlike when they shut the country in 2012. The difference is trust. Simple,” Adesina tweeted.
Jonathan’s administration had in 2012 increased fuel price from N67 to N97 per litre but reduced it to N87 in January 2015.
Speaking on Thursday when a chairmanship aspirant of the Peoples Democratic Party, Tunde Adeniran, visited him, the former President had expressed surprise that those who criticised his moves on fuel price had remained silent under Buhari.
“My government was severely criticised for increasing the pump price of petroleum from N67 to N97 at a time that global crude price was going for over $100.
“The pump price was later reduced to N87 when the price of crude oil dropped and they attacked us that it was supposed to be lower.
“Those who criticised my administration are not talking again now that the global crude oil is about $53 per barrel and the pump price of petrol is N143,” Ikechukwu Eze, Jonathan’s spokesman, had quoted him as saying in a statement.
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