Global Market News

Stocks, dollar on back foot as trade war, Powell comments weigh "” Reuters

Asian stocks wavered on Thursday after Federal Reserve Chair Jerome Powell warned of the risk of slowing growth and rising prices due to tariffs, while the uncertainty around U.S. trade policies kept the dollar rooted near three-year lows. Click here for more.

Profit-booking pulls gold off all-time high "” Reuters

Gold prices eased on Thursday as investors booked profits after bullion hit an all-time high earlier in the session as restrictions on chip sales to China and continued tariff uncertainty increased demand for the safe-haven asset. Click here for more

Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts"” Reuters

Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged more output cuts to compensate for pumping above agreed quotas. Click here for more

Macroeconomic News

N800/litre petrol in sight as oil prices tumble "” Punch

The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Premium Motor Spirit (petrol) further down to about N800 per litre in the coming weeks or months, oil marketers and industry analysts said on Wednesday. Click here for more.

Maritime policy will boost industry growth "" FG "” Punch

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that the National Maritime Policy that is before the Federal Executive Council would accelerate growth in fisheries, aquaculture, renewable energy, tourism, and seabed mining. Click here for more

Nigeria cuts power supply to Niger Republic "" Report "” Punch

The Federal Government has reduced electricity supply and sales to the Junta-ruled Niger Republic by 42 per cent, cutting it down from 80 megawatts to 46MW. The measure has caused the country's electricity production to fall by 30 to 50 per cent and forced state-owned power company Nigelec to impose planned power cuts that can last several days, especially in Niamey. Click here for more.

Customs generate N190bn, seize N10bn illicit goods "”Punch

The Nigerian Customs Service, Area 2 Command in Onne, Rivers State, has said that it generated over N190bn as revenue in the first quarter of 2025. It stated that during the period under review, its officials seized 20 containers of contraband items illegally imported into the country, worth over N10.2bn. Click here for more.



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