Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Nigerian flags. Photo: Sodiq Adelakun/AFP via Getty Images

The World Bank says Nigeria is at risk of becoming home to 25% of the world's destitute people unless its lawmakers find a way to boost employment and recharge economic growth, Bloomberg reports.

Details: The Bank is encouraging Nigeria's President Muhammadu Buhari to remove trade restrictions, stabilize economic policies and increase domestic revenue. It's also urging Buhari to remove fuel subsidies and to reduce specific central bank lending.

By the numbers: Nigeria's economy is set to expand 2.1% in 2020 and 2021 — below the nation's 2.6% population growth rate.

  • Around half of Nigeria's 200 million residents live in poverty, and the country has overtaken India in having the highest number of people in extreme poverty.
  • The nation, which is Africa's top oil producer, is still on an economic comeback from a 2016 contraction that plummeted crude prices. A dip of 25% in crude prices now could send the country into a recession, the World Bank notes.

Go deeper:

Go deeper

Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — U.S. sets new single-day case record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local cases.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
24 mins ago - World

Belgium imposes lockdown, citing "health emergency" due to influx of COVID-19 cases

Belgium Prime Minister Alexander De Croo. Photo: THIERRY ROGE/BELGA MAG/AFP via Getty Images

Belgium is enforcing a strict lockdown starting Sunday amid rising coronavirus infections, hospital admissions and a surge of deaths, Prime Minister Alexander De Croo announced on Friday.

Why it matters: De Croo said the government saw no choice but to lock down "to ensure that our health care system does not collapse." Scientists and health officials said deaths have doubled every six days, per the Guardian.

45 mins ago - Politics & Policy

First look: Reid Hoffman launches $1M ad urging election patience

Screengrab of ad

Billionaire and LinkedIn co-founder Reid Hoffman, one of Democrats' biggest donors, tells Axios he's launching a $1 million digital ad campaign in battleground states urging voters to be patient with election results and prepare for no winner to be known on Nov. 3, no matter what "some people" may prematurely declare via Twitter.

Driving the news: The three-minute ad, titled "We Count! A Patriotic Musical Extravaganza," features the voice of "The Big Bang Theory's" Jim Parsons and Broadway star Barrett Doss. The spot will appear on Facebook targeting voters in the swing states of Arizona, Florida, Iowa, Michigan, North Carolina, Ohio, Pennsylvania and Wisconsin.