The Central Bank of Nigeria (CBN) has partially relaxed its 2024 cashless policy on Personal Travel Allowance (PTA) and Business Travel Allowance (BTA), introducing a 25 percent cash dollar payment option under the revised Foreign Exchange (FX) Manual set to take effect from June 1, 2026. Under the new framework, 75 percent of PTA and
Reuters reporter Brad Brooks reports that many rural MAGA still embrace President Donald Trump’s policies, no matter how it hurts them. Colorado resident Amy Van Duyn knows the price of gasoline has doubled to $4.34 per gallon since President Donald Trump returned to the White House last year. “I used to fill my tank for
Nigeria has secured its first sovereign credit rating upgrade in 14 years after S&P Global Ratings raised the country’s long-term foreign currency rating from ‘B-’ to ‘B’, citing sustained economic reforms, improved external buffers, and expanding domestic refining capacity. The upgrade, the first since 2012, comes with a stable outlook and follows similar positive rating
Reason Magazine reports President Donald Trump’s tariffs and his war with Iran appears to have personally played a role in killing a profitable North Carolina tire factory. “The Goodyear Rubber and Tire Co. announced this week that it would be shuttering its Fayetteville, North Carolina, plant that currently employs more than 1,700 workers,” reports Reason
Thursday 14 May 2026 10:26 am Traders are hitting the sell UK button. Traders are betting against the UK as the political storm in Westminster continues to send jitters through asset markets. The pound has tumbled to a two-week low against the dollar, clinging onto the $1.35 mark on Thursday morning. Meanwhile, figures from IG
President Donald Trump has many people he perceives as enemies in Washington, D.C., and few of them have resisted his pressures as successfully as outgoing Federal Reserve Chair Jerome Powell. Now, a former Obama-era economic adviser argued that he has left behind a “genius” playbook for those looking to beat back the president’s threats. Jason
The Federal Government has unveiled a renewed strategy to revive Nigeria’s Cotton, Textile and Garment (CTG) industry, with projections that the sector could generate more than 1.5 million jobs and strengthen the country’s industrial and export capacity. The initiative, under the National Cotton, Textile and Garment Industrial Transformation Programme (NCTG-ITP), was showcased during the Phase
Wednesday 13 May 2026 10:14 am Rachel Reeves could suffer a £12bn hit from Labour leadership speculation. Labour’s political infighting could cost Chancellor Rachel Reeves up to £12bn, analysis by a Wall Street bank has suggested. Hot-tempered bond markets and stunted growth – a consequence of further political instability – would knock around £12bn off
President Donald Trump likes to brag about the stock market, but finance experts are warning that the current positive trends are likely illusory. Quoting investor Michael Burry, who famously covered the subprime mortgage crisis in the book and movie “The Big Short,” Fortune senior editor-at-large Shawn Tully wrote on Wednesday that “the stock market has
As inflation continues to shape investment decisions in Nigeria, more investors are weighing whether to keep their money in high-yield savings accounts or seek potentially stronger long-term returns through equity funds. Nigeria’s annual headline inflation rate rose to 15.38 percent in March 2026, ending an 11-month decline, according to data from the National Bureau of