Dear Valued Investor,

Our Market and Economic Update for the past week highlights key developments shaping investment sentiment across Nigeria and the global economy.

On the domestic front, President Bola Ahmed Tinubu advanced Nigeria's tax reform agenda with the introduction of a new VAT framework, marking another step towards strengthening fiscal sustainability, enhancing revenue mobilisation, and supporting long-term economic growth.

In the United States, jobless claims fell to their lowest level since 1969, highlighting the continued resilience of the labour market and reinforcing confidence in the strength of the US economy.

Meanwhile, China's AI landscape witnessed a significant milestone as Moonshot AI unveiled Kimi K3, intensifying the US–China race for artificial intelligence leadership and underscoring the strategic importance of AI innovation in shaping the global technology landscape.

These developments continue to influence global investor sentiment, policy expectations, and investment opportunities across both emerging and developed markets.

Please find attached the full Market and Economic Update Report for deeper insights.

Warm regards,

WealthBridge Economic Intelligence & Advisory Team