Capital Market
Gold Surges Past $5,000 Amid Global Instability
Gold prices reached a historic high of $5,111.07 per ounce in Asian trading, surpassing the $5,000 mark for the first time. Analysts attribute the surge to rising geopolitical tensions, policy uncertainty in the United States, and global economic instability.
Susannah Streeter, chief investment strategist at Wealth Club, said that “the dollar’s decline and concerns over US tariffs, inflation, and government spending have prompted investors to recalibrate risk exposure, boosting demand for safe-haven assets like gold.”
Silver also hit record highs above $110 per ounce. Exchange-Traded Funds (ETFs) and central bank purchases drove strong demand, with gold’s year-on-year value increasing 44% to a record $146 billion in Q3 2025, according to the World Gold Council.
Independent analysts noted that the gold rally reflects a broader repricing of stability costs in a world grappling with debt and political uncertainty. “Gold is no longer reacting to daily headlines alone; investors are factoring in long-term global instability,” said Stephen Innes, market analyst.
The surge coincides with concerns over potential US government shutdowns, trade tensions with Canada and China, and international interventions in markets such as Japan.
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Nigeria’s Pension assets surge to ₦28 trillion, record growth in January
By: Amarachi Okonkwo The Nigerian pension fund industry kicked off 2026 on a strong note, with total pension fund assets rising to ₦28.04 trillion as of 31 January, marking a 22.64% increase from ₦22.86 trillion in January 2025.According to the latest report on the pension fund industry portfolio, the sector recorded a monthly growth of…
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NNPCL under fire as Senate probes N210tn Audit Gap, summons Ex-Boss Kyari
By: Amarachi Okonkwo Nigeria’s upper legislative chamber has summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over an alleged N210 trillion that lawmakers say was not properly accounted for by the national oil company between 2017 and 2023.Also invited are the former Chief Financial Officer,…
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U.S., China Pressure Ghana Over Proposed Gold Royalty Increase
The United States, China, and several Western governments are applying diplomatic pressure on Ghana to reconsider a planned increase in gold royalties, which mining companies say could significantly raise operating costs for major producers. Sources familiar with the matter and a letter from an industry group, reported by Reuters, revealed the international concern over Ghana’s…