Samuel Nwite
AUTHOR: Samuel Nwite
Nigeria’s Dollar-Denominated Bond Drains N611.71bn in March, Raising Alarms Over FX-Linked Debt Exposure
The Federal Government of Nigeria spent a staggering N611.71 billion in March 2025 servicing its first-ever dollar-denominated bond issued within the domestic market, making...
GOP Pushes To Mask $3.8tn Cost Of Trump Tax Cuts As Musk Threatens To...
Senate Republicans are pressing forward with a sweeping economic package that includes the permanent extension of President Donald Trump’s 2017 tax cuts — but...
Elon Musk’s xAI Secures $10bn to Supercharge AI Race with Massive Data Center Push
Elon Musk’s artificial intelligence startup, xAI, has closed a blockbuster $10 billion funding round, combining $5 billion in debt financing with a separate $5...
Goldman Sachs Ups Fed Rate Cut Forecast to Three in 2025, Citing Weak Labor...
Goldman Sachs has sharply revised its forecast for U.S. Federal Reserve policy in 2025, now projecting three interest rate cuts—each of 25 basis points—to...
Africa Launches PAPSSCARD to Deepen Payment Sovereignty and Supercharge Intra-Continental Trade
Africa has made a landmark move toward financial independence with the launch of PAPSSCARD, the continent’s first unified Pan-African card payment system.
The card was...