5 Things You Should Know This Monday

This Monday, there are some big updates you should know about. From changes in trade rules to important legal cases, these events could affect how things unfold this week.

Here are five key stories that are making waves today.

Trump announces 25% tariff on steel and aluminium imports

President Trump is placing a 25% tax on all steel and aluminium coming into the U.S. He made the announcement while flying to New Orleans for the Super Bowl. The official declaration will happen Monday, with additional tariffs expected on Tuesday or Wednesday. These new charges will match whatever tax rates other countries impose on American goods.

Trump says U.S. might lose patience with Israel-Hamas ceasefire

Trump has expressed frustration over the Israel-Hamas hostage deal after seeing recently freed Israeli hostages who appeared frail and underweight. He said they looked like Holocaust survivors and questioned how much longer the U.S. could tolerate the situation. 

Despite the ongoing agreement, he suggested the U.S. might not wait for all hostages to be released before taking action.

30 Nigerian states spent more than they earned on salaries and travel

A report on Nigerian state government spending in 2024 shows that 30 states generated ₦2.8 trillion but spent ₦3.03 trillion on government operations. The money went to travel, meetings, refreshments, and other running costs, leaving a ₦223 billion gap. 

These states also had to pay ₦1.038 trillion to settle debts owed to local and foreign lenders. Critics say this reckless spending is making states financially unstable.

Femi Falana sues meta for $5 million over privacy violation

Human rights lawyer Femi Falana is suing Meta, the parent company of Facebook, for using his name and image in a misleading video. The video falsely linked him to a medical condition called prostatitis. Falana argues that this violates his right to privacy under Nigerian law. He is demanding $5 million in damages and wants the court to stop Meta from using his identity without permission.

FCCPC wins case against MTN, strengthening consumer protection

A Nigerian court has ruled that the Federal Competition and Consumer Protection Commission (FCCPC) has the authority to regulate businesses, including telecom companies like MTN. 

The case began when an MTN shareholder argued that only the Nigerian Communications Commission (NCC) should have control over telecom regulations. The court ruled that the 2018 FCCPC law takes priority, meaning both agencies can oversee the industry together. This decision reinforces consumer rights and competition laws in Nigeria.