Asian Stocks Surge, US Treasury Yields Hit Two-Month Highs Amid Strong US Jobs Data
US economic performance has lowered expectations for immediate rate cuts, driving a significant increase in treasury yields.
US economic performance has lowered expectations for immediate rate cuts, driving a significant increase in treasury yields.
CBN governor Cardoso has insisted that bridging the exchange rate gap was crucial for long-term stability despite short-term challenges.
Kelvin Emmanuel has praised the Naira-for-crude agreement between the FG and local refineries as a step towards efficient petroleum management.
The LCCI has commended the FG’s VAT exemption on diesel and cooking gas, forecasting reduced cost of living, operational costs.
Finance Minister Wale Edun has confirmed that the federal government’s Naira-for-crude deal with Dangote Refinery commenced October 1, 2024.
Bismarck Rewane warns that sustained monetary tightening could discourage investments and slow down Nigeria’s economic growth.
Following a temporary disruption, Zenith Bank has restored its services across ATMs, mobile apps, POS terminals, and in-person banking nationwide.
As the price of Premium Motor Spirit (PMS), popularly known as petrol continues to rise despite supplies from Dangote Refinery, Chief Executive Officer of Pinnacle Oil & Gas Limited, Mr.
Dockworkers’ strike resolution brings relief to US economy, but cargo backlog of 54 queued ships remains to be cleared.
The IEA has projected global gas demand to increase by more than 2.5% in 2024, urging cooperation amid supply challenges.
Ade Adefeko says food is available in Nigeria but not affordable and blamed high costs on cyclical production and harvest.
AfDB president Adesina has called for strategic investment and innovation in wheat production to boost food security in Africa.
US SEC has charged Nigerian auditor Oyebola for aiding former Tingo CEO Mmobuosi in massive securities fraud worth $250m.
Emirates Airlines is seeking codeshare partnership with Nigerian airlines, aiming to enhance aviation connectivity and promote long-term flight services.
EU Commission is investigating YouTube, Snapchat, TikTok algorithms for amplifying systemic risks, and seeks transparency on content recommendation systems.
Nike’s quarterly sales growth has dropped 10.4% to $11.59 billion, amid increased competition and leadership transition challenges.
Oando has attained status as Nigeria’s first IOC with $4bn valuation, expanding operations to the Sao Tome and Principe EEZ.
Emirates has resumed flights to Nigeria with Flight EK-783 landing on Tuesday, marking its first return after a two-year suspension.
Qatar Airways plans to acquire 25% of Virgin Australia, potentially to reshape the Qantas-dominated Australian aviation market.
The NTSB has raised alarms about potential safety issues with Boeing 737 rudder components, affecting over 40 foreign airlines.
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