Banking system liquidity in Nigeria has surged sharply following the conclusion of the sector-wide recapitalisation exercise. However, growth in lending to the private sector has lagged behind the pace of liquidity expansion, pointing to a widening gap between financial system strength and credit transmission to the real economy. Data exclusively obtained from the Financial Markets
Billionaire election spending has drastically increased over the last 12 years as a result of the U.S. Supreme Court’s Citizens United ruling, according to TruthOut. Americans For Fair Taxation (AFFT) recently analyzed data that breaks down election campaign contributions. Their assessment suggests that there is an upward trend in billionaire donations to political campaigns. Per
Friday 01 May 2026 6:30 am | Updated: Friday 01 May 2026 8:39 am Trump is reportedly eyeing fresh action in the region Good morning and welcome back to the City AM liveblog. Markets are scrambling for some messaging this morning as tensions around the Iran war drag on. Donald Trump faced a deadline for
The New York Times reports residents of rural north California have longed to pull out of liberal California and merge with conservative territory in Oregon to form a new Republican state. But what they’re about to get instead is another Democratic representative. California responded to Texas’ mid-decade gerrymander for new Republican seats with its own
Nigeria’s decision to scrap long-standing tax exemptions on interest paid on foreign loans is set to raise borrowing costs for companies, cloud existing financing arrangements, and potentially slow investment into infrastructure and other capital-intensive sectors at a time when the country is aggressively seeking private capital. “Interest on foreign loans will no longer enjoy preferential
Friday marks “a critical deadline” for President Donald Trump and his war with Iran, as The Hill reports that he is running out of time to resolve the conflict while more and more Republicans break ranks and threaten to back measures to force the fighting to stop. As the deadline loomed, the outlet on Friday
Tunde Alabi, a fuel attendant in Lagos, earns the national minimum wage of N70,000 ($44) a month — an income that barely lasts two weeks. By the time he pays for transport to work, contributes to food at home, and buys essentials, there is almost nothing left. “You just survive,” he said. “Saving is not
As President Donald Trump’s war with Iran has dragged on for the last two months, a new NOTUS report revealed that defense contractors have been flooding congressional candidates with their hands on major regulatory powers with campaign money. In a report published Friday, NOTUS revealed several telling findings from campaign contribution data pulled from Jan.
…trade deals rise 28.61% The naira closed April 2026 on a marginally stronger note as liquidity in Nigeria’s foreign exchange (FX) market rose to about $10 billion, slightly above the level recorded in March, according to data published by the Central Bank of Nigeria (CBN). CBN data showed that total FX turnover stood at $10
Friday 01 May 2026 12:01 am | Updated: Thursday 30 April 2026 4:39 pm Employers would may turn to hiring freezes in the coming months, data has shown. British business leaders are bracing for hiring freezes as headcount expectations dropped into negative territory again, according to new data from the Institute of Directors. The IoD’s
