U.S. backs off Trump tweet on Saudis helping lower oil price

The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.

The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.

Viral videos on social media claim to show US President Joe Biden either "shaking hands with a ghost" or with "thin air". Sources also report that former president Donald Trump has been flatulent and sleepy in the courtroom during his New York trial. We review these viral claims in this edition of Truth or Fake.