IAS

Economists and financial experts are calling on the Central Bank of Nigeria to redirect the country's large inflows of diaspora remittances into productive sectors of the economy rather than letting them go mainly to household consumption. The discussion, reported by Zawya, reflects growing concern that billions sent home by Nigerians abroad could be better harnessed for investment in areas like industry, agriculture and infrastructure.

The Wall Street Journal reports that Nvidia's massive share buyback program may have created 'phantom value,' inflating the chipmaker's stock price beyond fundamentals. The piece argues that repurchases, rather than genuine earnings growth, contributed significantly to shareholder returns during the AI boom. Market watchers are debating how much of Nvidia's valuation reflects real demand versus buyback mechanics.