Wall Street expects the U.S. government could issue roughly $1 trillion in additional short-term debt as the Treasury Department grapples with rising borrowing costs and growing financing needs. The expected increase would largely come through Treasury bills, which mature in one year or less. Analysts say the Treasury has increasingly relied on short-term borrowing because…
The European Central Bank (ECB) has launched Pontes, a new platform designed to allow banks and financial market infrastructures to settle transactions involving tokenised assets using central bank money. The platform went live on September 21, marking the first step in the Eurosystem’s strategy to adapt central bank money to an increasingly tokenised financial system….
Nigeria’s Vice President, Kashim Shettima, has arrived in New York, United States, to represent President Bola Ahmed Tinubu and lead the country’s delegation to the 81st Session of the United Nations General Assembly (UNGA). Shettima arrived on Monday, September 21, alongside Rivers State Governor Siminalayi Fubara, Minister of State for Budget and Economic Planning Doris…
Nigerian doctor and health educator Chukwuma Okoro, popularly known as Aproko Doctor, has warned Nigerians against using untreated borehole water to rinse their mouths, saying contaminated water could expose people to bacteria associated with peptic ulcers. Okoro gave the warning in a video shared on X on Monday, urging people to pay closer attention to…
Saudi Arabia has officially unveiled its first locally designed and engineered vehicles, marking a major milestone in the Kingdom’s effort to establish a domestic automotive industry. Crown Prince and Prime Minister Mohammed bin Salman on September 21 launched the first vehicles from Ceer, Saudi Arabia’s national automotive company. The vehicles, called EXOBOT, are being introduced…
U.S. Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international operations from September 23, as Washington expands its sanctions campaign against Iran’s aviation sector. Speaking to CNBC on September 21, Bessent said, “On September 23, all the Iranian airlines will be shut down around the world.” He warned…
The Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, has led a delegation of the Nigerian Air Force (NAF) to Bell Textron in Amarillo, Texas, for a beam-signing ceremony marking progress in Nigeria’s acquisition of 12 AH-1Z Viper attack helicopters. The ceremony represents a significant milestone in the Nigerian Air Force’s effort…
The U.S. Federal Aviation Administration (FAA) has begun deploying a new artificial intelligence-powered system designed to identify air-traffic congestion before it turns into widespread flight delays and cancellations. Called SMART — Strategic Management of Airspace, Routes and Trajectories — the system is initially operating in a limited capacity around the Washington, D.C. area, with plans…
Coinbase could emerge as one of the companies positioned to benefit from the U.S. Securities and Exchange Commission’s new framework for tokenized stocks, according to analysts at Goldman Sachs. The SEC on September 17 introduced a temporary “Innovation Exemption” allowing qualifying Tokenized Securities Venues to facilitate the trading of certain tokenized U.S. stocks through permissioned…
