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
As the ongoing scarcity of petrol continues to bite harder, passengers travelling for Christmas were stranded at Mararaba motor park in Nasarawa State on Sunday.
NAN reports that as a result of the scarcity of petroleum products, transporters seem to be cashing in on the development, with fares increased arbitrarily.
The News Agency of Nigeria ( NAN) correspondent who visited some of the parks on Sunday reports that travellers had given up on the trip and returned home due to shortage of vehicles at the parks.
Mr Ernest Obi, a businessman who was supposed to travel to Enugu state said he would not be able to embark on the journey.
He said he spent four hours at the Mararaba park but was unable to get a vehicle.
“I cannot imagine what people are going through. Our staying in this country is becoming unbearable.
“ I came to the park as early as 7 a.m. and this is noon. I have not seen a vehicle to convey me to my village.
“ You can see the crowd yourself. Why is it that this scarcity occur around the Christmas season every year?”
Another intended traveler, Miss Joy Andrew said the Christmas period was a time and opportunity for most people to travel and meet loved ones and parents.
Another intended traveler, Miss Joy Andrew said the Christmas period was a time and opportunity for most people to travel and meet loved ones and parents.
Andrew who was seen l;eaving the park, told NAN that she would try again in the night.
“I think I will take a night bus after what I have experienced. May be it wilt be better,” she said.
She added that the situation had also caused a lot of exploitation on travellers by drivers and bus owners.
“This situation is making the drivers to exploit commuters as many of them have increased the price of transport fare.
“ The drivers have doubled the fares. I used to pay N2,500 from this park in Mararaba to Benue . But today, the drivers are asking for between N4,500 and N5,000,” she said.
Another intended traveller, Miss Jacinta Uche said: “the situation in the Mararaba park is so bad. I got here as early as 6 a.m. thinking that I will avoid the rush.
“But to my surprise, I met so many other passengers who said they got here before me. There are few cars at the park and those that are available, have doubled their fares.
“I will be going back home. This year’s Christmas will be dull for me because I don’t think I will make it to the village,’she said.
NAN also reports that the fuel scarcity had caused traffic gridlock on the Abuja-Keffi expressway as commuters spend hours in the traffic.
NAN also reports that the fuel scarcity had caused traffic gridlock on the Abuja-Keffi expressway as commuters spend hours in the traffic.
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