Global finance news covers US debt milestones, Nigerian economic policy, and market futures.
Published
US national debt has surpassed forty trillion dollars, according to a weekly column from FXStreet. The report links the milestone to recent treasury buybacks, which are noted as sparking a rally in precious metals.
In Nigeria, the political debate over fuel subsidies is intensifying. Former Vice President Atiku Abubakar has launched a sharp critique of President Bola Tinubu's economic policies. Per Vanguard Nigeria, Atiku stated that "100 million Tinubus can’t stop me" from restoring a targeted fuel subsidy, accusing the current administration of hypocrisy.
ThisDay reports that Atiku has labeled the removal of the oil subsidy as "one of the biggest economic frauds sold to Nigerians." He contends the government cannot claim to have abolished the subsidy while simultaneously granting tax credits and other fiscal incentives to oil investors.
Separately, Nigeria is advancing its digital infrastructure. Premium Times reports the country is shaping conditions for cloud technology to support national resilience, innovation, and long-term digital independence, marking a new phase in its digital journey.
Market watchers are also anticipating upcoming data, with Yahoo Finance noting that Dow Jones Futures are due, with Nvidia earnings and Canada tariffs in focus.
Sources: 1.