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Finance & Markets

I Think IBM Stock Will Be Higher in 5 Years. I Still Wouldn't Buy It Today.

Key PointsInternational Business Machines' second-quarter revenue grew just 1% year over year, and management now expects 2026 constant-currency revenue growth of 4% to 5%.

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NIGERIA AND POLITICS OF FUEL SUBSIDY REMOVAL

I can recall the Petroleum Trust Fund (PTF), established in the aftermath of the 1993 fuel-price increase, when the price of petrol rose from about N3.50 to N8.50 per litre.

  • Fuel subsidy removal has been political issue in Nigeria for decades.
  • SURE-P program aimed to reinvest fuel subsidy funds in infrastructure.
  • Lack of transparency in fiscal space created by subsidy removal.

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