President Bola Tinubu is looking to lure in scarce global capital as he met with investors Tuesday, stressing his commitment to the nation’s ongoing reforms. Tinubu, who left Nigeria on Sunday for a three-nation trip, said the economic reform program of his administration includes measures to remove economic distortions and stabilise macroeconomic indicators, laying the
President Donald Trump has led America into so much debt that it now exceeds the entirety of the nation’s gross domestic product, and one academic is warning that the bill is coming due. “Unless we change course, the debt will only get worse—fast,” wrote Brookings Institution senior fellow William Galston for The Wall Street Journal
Tuesday 05 May 2026 3:01 am | Updated: Monday 04 May 2026 4:16 pm Conservative Party leader Kemi Badenoch. Euan Cherry/PA Wire With local elections just days away much of the focus has been on what the results will mean for Keir Starmer’s chances of survival. Related to this is the question of how well
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
