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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.
- NLC , Falana , activists rally Nigerians against fuel price hike
Labour leaders and pro-democracy activists, including the NLC and lawyer Femi Falana, urged Nigerians to unite against rising petrol prices, accusing the government of impoverishing workers while enriching a privileged few. The NLC said a bag of rice has risen from about ₦30,000 to over ₦80,000 and a loaf of bread from about ₦500 to ₦1,500, while the ₦70,000 minimum wage set in July 2024 is now a “cruel joke”. When that wage was set, petrol sold for about ₦668.30 per litre, but it now exceeds ₦1,400 per litre in many areas. The NLC issued a two-week ultimatum on October 9 demanding an immediate cut in petrol prices, and also called for steps to stabilise the naira, reduce inflation and strengthen domestic refining.
- Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
Canada's annual inflation rose to 3.1% in September, according to Statistics Canada, as the war in the Middle East kept pushing up gasoline prices. Gasoline prices climbed 27.8% from a year earlier despite the switch to a cheaper winter blend, and fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard, where many homes use oil heat. Excluding gasoline, consumer prices rose 2.2%. Grocery prices increased 1.7%, the smallest annual gain since May 2024, while beef rose 8.7%. Shelter prices climbed 1.8% from 1.5% in August, led by a 4.9% rise in mortgage insurance.
- Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
- Mastercard research : Nigerian SMEs among global leaders in crypto , stablecoin and cybersecurity adoption
Mastercard's Dreamonomics report finds Nigerian SMEs lead 18 surveyed markets in accepting cryptocurrency and stablecoins and in using cybersecurity tools. 34% accept cryptocurrency versus a 13% global average, 22% use it for business expenses (7% globally), and 23% accept stablecoins, with 11% using them to settle expenses, the highest of any market. 47% already use cybersecurity tools (37% globally) and 83% are excited about AI's potential for their business (70% globally). Mastercard has also brought its Crypto Credential to Nigeria with digital asset exchange Busha, letting eligible users send and receive supported assets using an email address or phone number instead of long blockchain addresses.
- 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.
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Extel's 55th annual All-America Research Team survey ranks J.P. Morgan first in the research team table with 47 published positions, followed by BofA Securities with 44 and Morgan Stanley with 43. UBS posted the largest gain in positions, reaching 42 and climbing to fourth place. In the analyst leaders table, Jefferies takes first place with 43 positions, while UBS leads Extel's weighted ranking of research teams ahead of J.P. Morgan and Evercore ISI. The results reflect the views of 4,451 portfolio managers and analysts at 1,608 institutions across 60 sectors, with 129,919 votes counted. The number of participating institutions fell from 1,705 in 2025, but more firms now sit in the highest commission bands, rising to 89 from 82.
- Visa, Mesh partner to enable crypto spending at 175M merchant locations
Visa and crypto payments network Mesh have partnered so users can spend cryptocurrency and stablecoin balances directly from participating digital wallets at merchants on Visa's network, without transferring funds to a bank account or using a separate crypto card. Merchants receive payments through Visa's existing network without changing their checkout systems. The network covers more than 175 million merchant locations in over 200 countries and territories, and participating wallets and launch dates will be announced later. Mesh will handle funding and conversion between crypto, stablecoins and fiat, as well as onboarding and KYC requirements. The partnership follows Mesh's September integration with Bybit Pay and its $75 million raise in January at a $1 billion valuation.
- Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments
Mastercard has launched Stablecoin Security, a tool that lets financial institutions screen stablecoin payments for fraud, scams and sanctions exposure and generate a risk score before a payment settles. Delivered through a platform-agnostic API, it combines Mastercard's payment intelligence with blockchain analytics and launches with Borderless.xyz and Keyrails as initial participants. The move addresses a blind spot flagged by a Bank for International Settlements study, which found nearly 60% of 593 million stablecoin transfers in 2025 were complex, multi-step transactions. The product extends Mastercard's broader stablecoin push, including its Global Money Platform with BVNK, and will launch first in North America, with worldwide availability expected in 2027.
- Better Oil Stock: Chevron (CVX) vs. ExxonMobil (XOM)
The article compares integrated oil majors Chevron (CVX) and ExxonMobil (XOM), whose stocks rose 45% and 58% respectively over the past 12 months as oil prices climbed. Chevron earns about 80% of its profit from upstream operations versus about 70% for ExxonMobil, which has a larger downstream and petrochemicals business. With Brent crude at $110 per barrel, well above breakeven prices of $50 for Chevron and $35 for ExxonMobil, the author argues Chevron's upstream focus suits oil spikes, while ExxonMobil's diversification helps when prices fall. Chevron offers a 3.2% forward yield versus 2.3%, and analysts expect its EPS to grow at a 26% CAGR from 2025 to 2028, compared with 20% for ExxonMobil. Both trade at 15 times next year's earnings, and the author prefers Chevron.
- 10 - Year Treasury Yield Falls 15 Basis Points as Nasdaq - 100 Slides 5 . 5 %
U.S. Treasury yields fell as tech stocks slid in the week ended Oct. 16: the 10-year par yield dropped from 5.24% to 5.09%, a 15-basis-point decline, while the Nasdaq-100 fell about 5.5%. Bloomberg linked the bond rally to commodity trading advisers cutting bearish Treasury futures positions and to investors seeking a haven, and said the joint drop in yields and the Nasdaq-100 was the first such week since the April 2025 tariff turmoil. Long-term yields had climbed for seven months on persistent inflation, a resilient economy and heavy borrowing, hitting their highest levels in more than two decades. Investment-grade companies had sold about $1.7 trillion of bonds in 2026 so far, roughly 29% more than a year earlier, with AI infrastructure borrowing intensifying competition for Treasury buyers. Rate traders still expect one Fed increase by the end of 2026 and another in 2027 ahead of the Oct. 27-28 policy meeting.
- This High-Yielding Dividend Stock Has Soared Past the "Magnificent Seven" in 2026
Target (TGT) shares are up 57% so far in 2026, outpacing the Magnificent Seven tech group, where Tesla is down 18% and Apple leads with a 26% gain as enthusiasm for AI cools. The stock is still down 39% over five years, with its last positive year in 2021, as consumers have pulled back on discretionary spending, but a new CEO and recent earnings progress have renewed investor interest. Growth in the most recent quarter, which ended Aug. 1, was 5.3%, with comparable growth of 3.6%, which the author sees as decent but not spectacular. Target trades at a P/E of 16 versus about 23 for the S&P 500 and 43 for Walmart, and its dividend yields 3% versus roughly 1% for the market, with 55 consecutive years of increases.
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