Business

✍️Between Trump’s “Genocide” Claim and the New York Times’ Onitsha Trader Narrative By Yushau A. Shuaib Weblink: https://yashuaib.com/2026/01/trump-onitsha-trader/ Public debate in Nigeria is increasingly shaped not just by facts but also by emotion, identity, and organised outrage. My recent short Facebook post reacting to The New York Times (NYT) report on an Onitsha-based trader and

Across many developing nations, governance debates increasingly circle around a single, troubling reality: the erosion of public trust. Citizens grow sceptical when government actions repeatedly fall short of the values, promises, and commitments proclaimed by political leaders. When trust weakens, governance itself becomes fragile, and development efforts struggle to gain legitimacy or public support. This

Exactly sixty years ago, our beloved nation, Nigeria, took us by surprise – soldiers led by Major Chukwuma Kaduna Nzeogwu and Major Emmanuel Ifejuana (the Olympic/Commonwealth Games high jump champion) announced the termination of the civilian government led by Alhaji (Sir) Abubakar Tafawa Balewa. I was in London, aged twenty-two years, and I was almost

The global system is undergoing a profound reordering. The age of uncontested unipolar dominance is fading, replaced by a multipolar world marked by rivalry, fragmentation, and transactional power politics. Influence is no longer concentrated in a single capital or bloc; it is dispersed, negotiated, and constantly recalibrated. In this unsettled order, Africa is no longer

Solar power has become cheaper than electricity from Nigeria’s national grid for the first time, marking a turning point in the nation’s efforts to deliver reliable energy to its 200 million citizens as the traditional power infrastructure continues to falter. Electricity costs from the national grid have surged to between N220 and N270 ($0.14-$0.17) per

The Australian Dollar declines against the US Dollar (USD) after opening from a gap up on Monday. The AUD/USD pair depreciates as the Greenback gains on increased safe-haven demand, which could be attributed to the recent comments from US President Donald Trump over the weekend. However, the AUD/USD pair appreciated as the US Dollar came

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.00 during the Asian trading hours on Monday. The WTI price edges lower amid supply glut concerns.   US crude oil inventories rose last week, which raise fears of oversupply and drag the WTI price lower. According to the US Energy Information Administration (EIA) weekly

The USD/CAD pair loses ground to around 1.3685 during the early Asian session on Monday. The pair touches its weakest since December 30, 2025, as ‌the US Dollar (USD) posts broad-based declines, and data showed that Canadian Retail Sales rose in November. Traders will keep an eye on the US November Durable Goods Orders report, which

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9843 compared to Friday's fix of 6.9929. PBOC FAQs The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central

EUR/USD depreciates after opening from a gap up, trading around 1.1860 during the Asian hours on Monday. Traders will likely observe Germany’s IFO - Business Sentiment Index later in the day. The EUR/USD pair loses ground as the US Dollar (USD) gains on safe-haven demand, which could be attributed to the recent comments from US