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2026 marks stronger phase for Nigeria’s economic growth

President Bola Tinubu says 2026 will mark the start of a stronger phase of economic growth for Nigeria built on reforms carried out in 2025.In his New Year message, he explained that the country closed 2025 with steady GDP growth, more stable exchange rates and inflation falling toward government targets.​He noted that annual GDP growth is expected to exceed four percent for 2025, with trade surpluses and better investor confidence helping to stabilise the economy.​ Tinubu said his government will focus in 2026 on reducing inflation further so that prices of goods and services become more manageable for households.​He added that the aim is to ensure that the benefits of economic reforms are felt by every Nigerian home, not just by big companies or investors.​According to him, this includes creating more jobs, protecting incomes and improving living standards through targeted […]

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Argentine President Accused of Crypto Fraud in $LIBRA Scandal

Argentine lawmakers accuse President Milei of fraud over the $LIBRA crypto scheme as investors suffer losses. Full Content:A congressional commission in Argentina has accused President Javier Milei of alleged fraud after he promoted a cryptocurrency scheme earlier this year. The Chamber of Deputies’ report said Milei and his close aide Karina Milei bear political responsibility for losses suffered by investors in the $LIBRA meme coin. President Milei endorsed $LIBRA in February, claiming it would attract investment to Argentina. The scheme collapsed rapidly, with experts calling it a “rug pull” in which developers launch a token, attract buyers, and then abandon it. The sudden bust left investors losing hundreds of millions of dollars. Milei later said he was not aware of the project’s details. Legal complaints were filed against the president and other key figures, and the commission’s findings have been […]

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Argentine President Accused of Crypto Fraud in $LIBRA Scandal

A congressional commission in Argentina has accused President Javier Milei of alleged fraud after he promoted a cryptocurrency scheme earlier this year. The Chamber of Deputies’ report said Milei and his close aide Karina Milei bear political responsibility for losses suffered by investors in the $LIBRA meme coin. President Milei endorsed $LIBRA in February, claiming it would attract investment to Argentina. The scheme collapsed rapidly, with experts calling it a “rug pull” in which developers launch a token, attract buyers, and then abandon it. The sudden bust left investors losing hundreds of millions of dollars. Milei later said he was not aware of the project’s details. Legal complaints were filed against the president and other key figures, and the commission’s findings have been submitted to an ongoing court investigation. However, with Milei’s supporters soon to increase their numbers in Congress, […]

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Gold Price Tops $4,000 for First Time Ever

The price of gold surged past $4,000 for the first time in history on Wednesday, as investors sought safety amid growing global economic and political uncertainty. The precious metal reached a record high of $4,039.86, marking a more than 50% increase since the start of 2025. This rally is driven by several factors, including expectations of US interest rate cuts, the ongoing US government shutdown, political turmoil in France, and fears that the recent tech stock boom may be a bubble. Analysts note that central bank purchases, particularly from China, and strong inflows into gold-backed funds have also fueled the rise. Gold is traditionally seen as a safe-haven asset during times of instability. In contrast, stock markets in Asia were more subdued, with tech shares leading losses after a disappointing earnings report from Oracle dampened enthusiasm around the AI sector.

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NGX Loses ₦832bn as Market Valuation, Trades Slip

The Nigerian Exchange (NGX) Limited recorded a bearish outing last week as market valuation fell by ₦832 billion, while investors cut back on trading activity by 2.5 percent. According to the NGX weekly market report, investors traded 3.11 billion shares worth ₦90.29 billion in 118,018 deals across four days, compared to 3.19 billion shares valued at ₦85.39 billion exchanged in 142,477 deals the previous week. The bourse operated for only four days due to the Eid-ul-Maulud holiday. The All-Share Index (ASI) dipped by 0.94 percent, closing at 138,980.01 points against the previous week’s 140,295.50 points. Market capitalisation also dropped to ₦87.93 trillion, down from ₦88.76 trillion. Sector Performance The financial services industry dominated activity with 2.54 billion shares worth ₦30.35 billion traded in 52,390 deals, accounting for 81.55 percent of total turnover volume and 33.62 percent of value. It was […]

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