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LAGOS / NIGERIA
Lagos Tribune

THE PULSE OF
A CHANGING CITY

DESK 04

Business

Every report ordered by publication time, newest first.

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26 Jan 2026, 21:42

Gold tops $5,000 an ounce as investors seek shelter amid policy and trade uncertainty

Gold prices surged above $5,000 an ounce, extending a powerful rally as investors looked for protection against political and economic turbulence. The move was fueled by a mix of tariff threats, global tensions, and renewed worries about U.S. fiscal disruption, reinforcing gold’s role as a safe-haven asset when confidence in other stores of value weakens.

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26 Jan 2026, 21:24

U.S. takes stake in USA Rare Earth in $1.6B push to build domestic mine-to-magnets supply chain

The Trump administration, via the Commerce Department’s CHIPS program, is investing $1.6 billion in USA Rare Earth to support a Texas mine and an Oklahoma magnet manufacturing facility. The deal includes proposed federal funding and a loan, with the government receiving shares and warrants. The move is part of a broader effort to reduce reliance on China for critical minerals and strengthen high-tech and defense supply chains.

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26 Jan 2026, 21:16

U.S. takes stake in USA Rare Earth with $1.6 billion package to build domestic magnets and reduce China reliance

The Trump administration is taking a minority stake in USA Rare Earth through a $1.6 billion debt-and-equity package aimed at expanding U.S. rare earth mining and magnet manufacturing. The deal highlights Washington’s increasingly hands-on approach to securing critical minerals supply chains that are seen as strategically important for defense, electronics and energy technologies.

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25 Jan 2026, 16:39

Davos closes with calls for cooperation as World Economic Forum highlights record leader turnout

The World Economic Forum’s Annual Meeting in Davos wrapped up with organizers emphasizing a surge in government and business participation and renewed focus on dialogue amid a fractured geopolitical landscape. The forum said nearly 3,000 leaders attended, including record levels of political participation, and discussions ranged from peace and security to technology, growth, and investing in people.