Washington, Nov. 3, 2025 – President Trump was joined by Dell Technologies founder Michael Dell and his wife Susan on Tuesday afternoon at the White House to unveil a $6.25 billion gift from the couple to supplement new savings accounts for young children that were passed into law earlier this year. Dell’s donation will go to the US Treasury, where in the year ahead it will be deposited in $250 increments into 25 million “Trump accounts” for children aged 10 or younger in low- and middle-income areas. This private money …
With “Trump Accounts” your baby could qualify for $1,000. Here is what to know
Washington, Nov. 3, 2025 – When the children of wealthy households leave the nest, they often benefit from their parents’ largesse in the form of a trust fund. Less affluent peers may receive nothing at all — or even be expected to support their families when they become adults. But what if all children, regardless of their family’s circumstances, could get a financial boost when they turn 18? That’s the idea behind “Trump Account’ a lesser-known provision of President Donald Trump’s tax legislationtax legislation. The bill, signed into law earlier this …
Naira appreciates at official market Tuesday, closing N1,447 to dollar
Lagos, Nov. 3, 2025 – The Nigerian currency, the Naira, appreciated slightly at the official foreign exchange market on Tuesday, closing at N1,447 to the dollar. The currency gained N3.00 to the dollar from N1,450 it closed to the dollar on Monday. Bid rates offered by dealers at the market on Tuesday ranged between N1,443 and N1,450.50 to the dollar. Meanwhile, the naira is being exchanged at the black market in Lagos between N1,465 and N1,675 to the dollar.
Nigeria’ GDP rises by 3.98% in Q3 2025
Abuja, Dec. 2, 2025 – Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent in the third quarter of 2025, up from 3.86 per cent achieved in same period in 2024. The National Bureau of Statistics (NBS) disclosed this on Monday in its latest Gross Domestic Product (GDP) Report. According to the report, the Aggregate GDP in real terms stood at ₦57.03 trillion, up from ₦54.85 trillion in corresponding period in 2024. In nominal terms, the GDP grew by 18.12 per cent year-on-year to ₦113.59 trillion, from ₦96.16 …
Naira slides at official market Monday, closing N1,450 to dollar
Lagos, Dec. 2, 2025 – The Nigerian currency, the Naira, depreciated at the official foreign exchange market on Monday, closing at N1,450.0100 to the dollar. The currency lost N3.10 to the dollar at the market on Monday, down from Friday’s N1,446.90 to the dollar. Bid rates quoted by dealers at the market on Monday ranged between N1,445 and N1,452 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos between N1,465 and N1,470 to the dollar.
FG sets up committee to implement new tax reforms
Abuja, Nov. 29, 2025 – The federal government has set up a national tax policy implementation committee to implement the new tax reforms. Bayo Onanuga, a Presidential Spokesman, disclosed this in a statement on Friday. According to the statement, Joseph Tegbe, a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria, is to head the committee. He has over 35 years’ experience across public and private sectors, including his tenure as Senior Partner and Head of Advisory Services at KPMG Africa. …
U.S. consumers spent $11.8 billion on Black Friday, says Adobe Analytics
Washington, Nov 29, 2025 – American shoppers spent a record $11.8 billion online on Black Friday, up 9.1% from last year, final data from Adobe Analytics showed. Adobe Analytics expects shoppers to spend $5.5 billion on Saturday and $5.9 billion on Sunday, up 3.8% year-over-year and 5.4% year-over-year respectively. (Reuters)
China’s central bank vows crackdown on virtual currency, flags stablecoin concerns
Bejing, Nov. 29, 2025 – China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing to crack down on illegal activities involving stablecoins. The People’s Bank of China (PBOC) said at a coordinating meeting on virtual currency regulation on Friday that crypto speculation has recently increased due to various factors, presenting new challenges for risk control, according to a statement released by the central bank. “Virtual currencies do not hold the same legal status as fiat currency and cannot …
Naira depreciates further at official market Thursday, closing N1,4445 to dollar
Lagos, Nov. 28, 2025 – The Nigerian currency, the Naira, depreciated further at the official foreign exchange market on Thursday, closing at N1,445.90 to the dollar. The currency has been sliding at the market in the last two days. The exchange rate, which was N1,442 on Wednesday, depreciated from N1,441 to the dollar on Tuesday. The steady depreciation of the naira at the market in the last three trading days was in spite of the injection of $250 million into the market last week by the ape bank. Bid …
Naira losses N1.00 to dollar at official market Wednesday
Lagos, Nov. 27, 2025 – The Nigerian currency, the Naira, lost N1.00 to the dollar at the official segment of the foreign exchange market on Wednesday to close at N1,442 to the dollar. The currency closed at N1,441 to the dollar at the market on Tuesday. Bid rates offered by dealers at the market on Wednesday ranged between N1,436.50 and N1,445.50 to the dollar. Meanwhile, the naira is being traded at the black in Lagos at between N1,464 and N1,469 to the dollar.