Global Market News

Asian stocks climb on Wall Street's lead; dollar sags after Fed cut"” Reuters

Asian stocks rose broadly on Friday, tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. Click here for more.

Dollar winds down after a volatile week, China NPC in focus"” Reuters

The dollar took a breather on Friday, on track to cap off a wild week with a slight gain as markets weighed the impact of Donald Trump's impending return to the White House and what that would mean for the U.S. economy and its rate outlook. Click here for more.

Oil prices fall as Hurricane Rafael expected to start weakening"” Reuters

Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump's policies might affect supplies. Click here for more.

Macroeconomic News

Cardoso showcases 1-year achievements, commits to $1 billion remittance target"” This Day

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has outlined critical milestones in the bank's ongoing economic reform agenda, including a new target to increase foreign remittances to $1 billion monthly. Click here for more.

Dangote, Pinnacle Oil signed a deal for a product distribution facility"” Vanguard

At the backdrop of the recent controversy between Dangote Refinery and Pinnacle Oil & Gas Limited over petroleum products imports and distribution, it is now revealed that the two companies have an existing agreement over the operation of Pinnacle Oil's product distribution terminal at the Lekki free zone area. Click here for more.

Economic reforms now in results delivery stage "" FG"” Punch

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that President Bola Tinubu's economic policies have now reached the result-delivery stage. Click here for more.

Nigerians doubt CNG vehicle safety after Malaysia's ban"” Daily Trust

Nigerians have expressed doubts over the safety of Compressed Natural Gas (CNG)-powered vehicles following the recent decision by the Malaysian government to phase out the use of natural gas for vehicles by July 2025. Click here for more.

NSC moves to make Nigeria maritime logistics hub in Africa"” Vanguard

The Nigerian Shippers Council, NSC, has said its major concern for the coming year would be to make Nigeria a maritime logistics hub in Africa. Click here for more.

Abuja:

4 Misratah Street,

Wuse II

Abuja, Nigeria

Tel: +234 201 7100 4334

Email: research@cardinalstone.com

Website: www.cardinalstone.com