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World markets dive as Trump sparks trade, North Korea worries

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
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Federal Government’s Truck Transit Park to gulp N4.8 billion.

The planned Truck Transit Park initiative of the Nigerian Shippers’ Council (NSC), would gulp over N4.8 billion, even as investors are jostling to secure a stake in the project.
The Minister for Transportation, Rotimi Amaechi, assured that the N4.8 billion Truck Transit Park (TTP), in eight locations across the country, and another six Inland Container Depots (ICD) are aimed at solving the chaos currently experienced in Nigerian ports.
The Truck Transit Park (TTP) project is a modern state-of-the-art facility situated just off the highways, designed to provide temporary rest location where truck drivers can conveniently park their vehicles in a healthy environment, get accommodation, fuel, food, drinks, restrooms, showers and other basic supplies like oil and spare parts as well as services in high use corridors.
Amaechi said, ”the TTPs have worked in the advanced countries and will also work in Nigeria because we are going to follow the international standards.,”
Chief Executive Officer, the Nigerian Stock Exchange, Oscar Onyeama, at NSC’s breakfast meeting in Lagos stressed the need to exploit the bond market to raise fund for infrastructure projects.
He noted that investment prospects for the transport sector is viable, while calling for lunching of fund that primarily focus on transport infrastructure.
Chairman, Senate Committee on Aviation, Adamu Aliero, said: “There is serious deficit in our infrastructure and the only way we can overcome this challenge is by sourcing for funds and relying on the private sector,”
Executive Secretary, NSC, Hassan Bello said: “Investment benefits of TTP includes; guaranteed returns on investment for the investor; Investors will have the benefit of managing an industrial and logistics hub with numerous incentives”

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World markets dive as Trump sparks trade, North Korea worries

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