Global Stocks Slide as AI Fears Hit Semiconductor Stocks, Sending Kospi Sharply Lower as Investors Reassess Market Risks World equities slipped on Tuesday as a fresh wave of doubt about the artificial intelligence boom hit the chip sector, with South Korea’s Kospi suffering its worst day in nearly two months. The MSCI world index … Read more
IMF Global Financial Stability Report Warns of Market Correction as AI Investment Concerns and Rising Bond Yields Threaten Stability Global financial markets have held up better than many expected this year, but the International Monetary Fund says that strength should not be mistaken for safety. In its October 2026 Global Financial Stability Report, released … Read more
Nigerian Stock Market Loses ₦407 Billion as NGX All-Share Index Falls Ahead of Fresh Inflation Data Nigerian equities started the week on the back foot, with investors on the Nigerian Exchange losing ₦407.3 billion on Monday as banking stocks led the decline. Total market capitalisation slipped to ₦160.85 trillion on October 12 from ₦161.26 … Read more
Naira Exchange Rate Falls to ₦1,332 Against Dollar as CBN Data Shows Interbank FX Transactions The naira ended Monday slightly weaker against the dollar in the official market, while trading among banks and other institutions dried up. Data from the Central Bank of Nigeria show the local currency closing at ₦1,332.09 per dollar on October … Read more
Nigeria Spends ₦7.7 Trillion on Debt Interest in H1 2026 as Payments Exceed Federal Revenue by 24%, World Bank Says The Federal Government paid more in interest on its debts in the first six months of 2026 than it collected in revenue, according to the latest assessment from the World Bank. Its October 2026 Nigeria … Read more
In a surprising diplomatic twist, Nigeria is entering a fresh partnership with the Caribbean island of Saint Lucia — and the goal? A visa-free travel arrangement between both countries. On Monday, reports surfaced that the Nigerian government is actively engaging Saint Lucia in talks aimed at removing visa restrictions for citizens of both nations. The … Read more
President Bola Ahmed Tinubu is reportedly making bold moves to lift the political suspension of Rivers State Governor, Siminalayi Fubara, following a surprise peace accord with former Governor Nyesom Wike — a development that has left Nigerians both shocked and skeptical. Political Thunder Turns to Whispers After months of high political tension that nearly turned … Read more