Global Market News

Asia stocks rise, yen slips as BOJ stands pat on rates"” Reuters

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market. Click here for more.

Investors brace for 5% Treasury yields as US inflation worries mount"” Reuters

As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. Click here for more.

Macroeconomic News

Dollar demand pushes naira to 1,420/$"” Punch

The naira on Thursday continued its downward trend against the United States dollar, depreciating to N1,309/$ at the official market and N1,420 at the parallel market. Click here for more.

Dangote: Forex shortage delays crude supplies"” Punch

Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria's giant new refinery for nearly a month due to payment issues, according to four trading sources and shipping data, Reuters reported on Thursday. Click here for more.

Forex: MTN, Glo, others seek NCC nod for tariff hike"” Punch

Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. Click here for more.

FG targets 2.5M jobs with new initiative"” The Sun

The Federal Government says it aims to launch a new programme named the Labour Employment and Empowerment Programme (LEEP), with the potential to generate over 2.5 million jobs for Nigerians. Click here for more.

2024 capital releases to begin in May ""AGF"” The Sun

The Accountant General of the Federation, Mrs. Oluwatoyin Madein, has announced that capital releases for the 2024 fiscal year will begin in May. Click here for more.

Company News

Dangote Cement's Profit Up 13% to N166.4bn in Q1 2024"” This Day

Dangote Cement Plc, yesterday announced its unaudited first quarter (Q1) ended March 31, 2024 with N166.4 billion profit before tax, an increase of 13.3 per cent from N146.8 billion profit before tax declared in (Q1) first quarter of 2023. Click here for more.

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