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...
A Niger Delta militant group has said it would begin another round of violent campaigns against oil companies in Nigeria in a few days’ time.
“This round of attacks will be the most deadly and will be targeting the deep sea operations of the multinationals which include Bonga Platform, Agbami, EA Field, Britania-U Field, Akpo Field,” the Niger Delta Avengers said in a statement posted on its website on Wednesday.
About 17 attacks carried out in 2016 by the Avengers and other militant groups in the oil-rich Niger Delta were partly responsible for a slump in Nigeria’s oil output, which in turn plunged the country into a recession.
The group had threatened to launch “Operation Red Economy” on oil facilities in November 2017 but was dissuaded by the leadership of the Pan Niger Delta Forum (PANDEF), set up last year to chart a way forward with the Nigerian government.
The group had threatened to launch “Operation Red Economy” on oil facilities in November 2017 but was dissuaded by the leadership of the Pan Niger Delta Forum (PANDEF), set up last year to chart a way forward with the Nigerian government.
While resource control has been at the heart of the agitations of many militant groups in the Niger Delta, the NDA, is this time around demanding for the country’s restructuring.
“While promising a brutal outpour of our wrath, which shall shake the coffers of the failed Nigerian nation, our demand unambiguously is for the government to restructure this country,” it said in the statement signed by its spokesperson Murdoch Agbinibo.
The group also insisted on the control of “our resources and directly use them to better our lot instead of being enslaved and made to beg before crumbs are released in a dress rehearsal-like manner to intervention agencies that are ineffective at addressing our challenges.”
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