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- Why President Tinubu Is Building Serious Claim to Greatness – THISDAYLIVE
The article argues that President Tinubu is building a lasting legacy by combining the strengths of earlier Nigerian leaders with democratic and economic reform. It cites his role in forming the coalition that became the APC, which achieved Nigeria's first federal transfer of power from a governing party to an opposition party, and the Supreme Court's affirmation of the 2023 election result despite legal challenges. It also notes that he congratulated Governor Ademola Adeleke after the opposition Accord Party defeated the APC in Osun's August 2026 election, while acknowledging the controversy over the suspension of Rivers State's elected government. On the economy, the article credits the removal of petrol subsidies, unification of foreign-exchange windows and four 2025 tax laws, as real GDP growth rose from 3.38% in 2024 to 4.43% in Q2 2026. According to the IMF, gross reserves increased from about $40 billion to $46 billion during 2025.
- Nigeria Food Import Bill Hits $1 . 19bn In 6 Months Despite Push For Local Production
Nigeria spent $1.19 billion on food imports in the first half of 2026, up $121.52 million or 11.41% from the same period of 2025, according to an analysis of the Central Bank of Nigeria's quarterly bulletin. Forex spending on food imports rose in most months, and in the second quarter it climbed 26.38% to $650 million, offsetting a 2.57% decline in the first quarter. Industry figures blame insecurity, which has forced farmers off their land, and low adoption of modern farming technology for weak local output. Emir of Kano Muhammadu Sanusi II warned that open import policies, including rice from Thailand, have weakened local rice mills and left banks with bad loans, and urged support for poor households that does not harm domestic farmers.
- THE CBN RATE RESET – THISDAYLIVE
Columnist Tope Fasoranti argues that the Central Bank of Nigeria's (CBN) 350-basis-point cut in the Monetary Policy Rate, from 26.5% to 23% on September 22, 2026, was a decisive and well-timed call. The standing deposit facility rate fell by 200 basis points to 20%, and the overnight rate closed the week to September 25 at 20.77% according to Cordros Research, so the rest of the cut mainly realigns the official signal with prevailing market rates. Real rates remain higher than a year ago: with headline inflation at 15.39%, the 23% MPR implies a real rate of about 7.6 points, versus about 4.4 points in August 2025. Applying the Taylor rule gives an illustrative range of roughly 17% to 24%, with the new rate toward the cautious end, as core inflation has moderated for three consecutive months from 16.82% in May to 13.29% in August.
- Europe sent its gold to the U.S. for safe keeping during World War II. Central banks are now reshuffling their reserves for a new era of uncertainty
The Dutch central bank (DNB) moved more than 78 tons of gold from New York and seven tons from Canada to London, citing rising geopolitical unrest and the need to improve crisis preparedness. This is part of a wider trend: the New York Fed, which custodies gold for the U.S. government and foreign institutions, now holds about half its early-1970s peak, and France removed all its gold from New York between July 2025 and January 2026. Earlier moves included Germany's transfers of 930 tons in 2000 and 674 tons in 2013–2017, Venezuela's 160 tons in 2011–2012, and India's accelerated relocations since 2023. According to World Gold Council analyst Krishan Gopaul, central banks now weigh custody risk, physical accessibility and market liquidity, and recent moves show the answer does not necessarily lie in domestic storage alone.
- Banks’ CBN deposits top N6 trillion after N2 . 4trn OMO repayment - Blueprint Newspapers Limited
Net placements by Nigerian banks at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose above 6 trillion naira for three consecutive days after the CBN repaid 2.41 trillion naira in maturing Open Market Operations (OMO) securities on October 13. Net SDF placements increased from about 3.86 trillion naira on October 13 to 6.08 trillion naira on October 16, a rise of 2.22 trillion naira or 57.65%. Treasury bill sales absorbed only 269.06 billion naira, and about 74% of bids were unallotted. The article suggests banks are holding surplus liquidity rather than deploying it, but notes that high SDF placements alone do not prove deliberate credit restriction, since borrower demand, risk, capital requirements and interest rates also shape lending.
- Rupee rises to 94 . 80 against US dollar , but crude oil threatens recovery
The rupee gained 9 paise to 94.80 against the dollar in early trade, extending its recovery to a third straight session after closing at 94.89 on Friday. Traders said it was the sharpest rally in seven months, but high crude prices, rising U.S. Treasury yields and steady foreign outflows have kept pressure on, prompting the RBI to step up interventions. Brent fell 1.88% to $107.79 per barrel after surging to $110, amid attacks on vessels near the Strait of Hormuz and threats to Saudi energy infrastructure. The Sensex dropped 470.50 points to 74,318, while foreign institutional investors bought a net Rs 1,165.92 crore of equities on Friday. India's forex reserves fell $8.578 billion to $726.027 billion in the week ended October 9, after a $12.952 billion decline the previous week.
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- JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.
- Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas
Cerrado Gold reported Q3 2026 production of 16,685 GEO at the Minera Don Nicolas (MDN) mine in Santa Cruz Province, Argentina, up 21% from 13,832 GEO in Q3 2025. Year-to-date output reached 44,942 GEO, up 23% from 36,432 GEO in the comparable 2025 period. Heap leach output held steady at 9,649 GEO, while CIL output rose to 7,036 GEO as higher-grade Calandrias material, generally above 2.5 g/t gold, was routed to the Martinetas mill. Laboratory tests on selected material showed gold recoveries of up to 95%, versus about 60% expected from heap leaching, and the company now expects full-year 2026 production at the upper end of its 50,000 to 60,000 GEO guidance while targeting a new PEA by late Q1 2027.
- Is Visa Stock Still a Buy After Gaining 14% This Year?
Visa shares hit an all-time high of $401, up about 12% over the past two weeks from $359 at the end of September and up 14% year to date. Key catalysts include approval from the People's Bank of China to set up a bankcard clearing institution in China and the move of Visa Direct's stablecoin to commercial deployment on Oct. 15. Baird and BMO Capital both raised their price targets. Visa reports fiscal fourth-quarter earnings on Oct. 27 and has raised its dividend every year since 2009, last year by 14% to $0.67 per share. The author still considers the stock a buy ahead of earnings, citing a forward P/E of 24.
- Five things to watch in markets in the week ahead
Markets start the week with AI stocks under pressure after hotter-than-expected September inflation raised expectations of higher US rates and fed worries about debt-funded AI spending. Last week the Philadelphia semiconductor index fell 11.41% and the Nasdaq Composite lost 4.48%, with CoreWeave shedding about a quarter of its value and Oracle down 9.31%. Earnings are in focus, with SpaceX and Netflix reporting on Tuesday and Meta and Tesla on Wednesday after the close. Netflix reportedly plans to cut around 6% of its workforce, roughly 1,000 roles, its biggest reduction since 2022. SpaceX has also agreed to buy spectrum licenses from Grain Management for about $8 billion, a move into the wireless market.
- eMemory/PUFsecurity Showcases OCP S.A.F.E.-Approved PUFrt at OCP Global Summit, Strengthening AI Data Center Security with Caliptra
PUFsecurity, a subsidiary of eMemory Technology, was featured at Microsoft's Caliptra Workshop on Oct. 12, the opening day of the 2026 OCP Global Summit, which drew nearly 400 attendees. Its PUFrt received OCP S.A.F.E. Scope 3 approval after an independent assessment of its resistance to physical attacks such as fault injection and side-channel attacks, and is now listed on the OCP Marketplace. PUFrt provides the physical security foundation for Caliptra, an open-source hardware Root-of-Trust architecture, from key generation to chip mass-production testing. It has already been integrated into Caliptra products from ASPEED and security systems from several memory makers and networking chip vendors. The company says the milestone advances hardware security for cloud and AI infrastructure.
- Crypto vault deposits top $10 billion as lending risks draw regulatory scrutiny
Deposits into crypto lending vaults have risen from $4 billion at the start of last year to more than $10 billion, according to the Financial Times. Each vault is run by a 'curator' who selects lending strategies through smart contracts on DeFi platforms, sets risk limits and collects fees, with typical returns of 3% to 10% and riskier strategies reaching 20% or more. Risks include illiquid or hard-to-sell collateral, automatic liquidations, hacks and coding errors, while investors may focus on headline yields. Fintechs, digital asset treasury firms and hedge funds are among the main depositors, and Bitcoin lender Two Prime launched a vault on Pareto targeting 1.5% to 2% yields, with a minimum deposit of 5 WBTC and about $10 million of its own capital absorbing initial losses. U.S. and European regulators are examining whether existing rules should apply, and the SEC has questioned vaults that hold securities.
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