Trust Africa News

Amaechi Blames Tinubu for Economic Crisis, Rising Poverty

By Ayomide Otitoju Former Rivers State Governor Rotimi Amaechi has launched a scathing attack on President Bola Tinubu’s administration, blaming it for Nigeria’s worsening economic crisis and accusing it of pushing millions into poverty. Speaking on Channels Television’s Politics Today, Amaechi declared that the current administration had “completely buried” the economy. “Any economy that does…

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OPEC+ Members to Meet Saturday, Output Hike Expected

By Ayomide Otitoju Key members of the OPEC+ alliance, including Saudi Arabia and Russia, will meet on Saturday to deliberate on crude oil output levels, with analysts expecting a continuation of production hikes into August. The meeting—expected to be held virtually—brings together the so-called “Voluntary Eight” (V8): Saudi Arabia, Russia, Iraq, the United Arab Emirates,…

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Boluarte Faces Backlash Over Controversial $10,000 Salary Hike

President Dina Boluarte has come under renewed criticism after her government announced a controversial salary increase that will see her monthly earnings double to approximately $10,000, despite widespread public disapproval and mounting national challenges. The decision, confirmed Wednesday through an official decree, comes just a year before the end of her term. It follows months…

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Kenyan Civil Servant Loses $16,000 to Crypto Scam CBEX

Kenyan civil servant Edwin is one of many African investors who have fallen victim to CryptoBridge Exchange (CBEX), a fraudulent cryptocurrency trading platform that lured users with promises of artificial intelligence-driven profits. Edwin, who only provided his first name out of shame, lost nearly $16,000—mostly borrowed from a bank—to the scam, which collapsed in April…

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