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Media Highlights 24-11-2022
(Source: CardinalStone Research, Date: 24-Nov-2022)

 

Global Market News

 

Fed officials see smaller rate hikes coming "˜soon,' minutes show "" CNBC

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. Click Fed minutes November 2022: Fed officials see smaller rate hikes coming 'soon' (cnbc.com) for more.

 

Latest weekly jobless claims jump to 240,000 "" CNN

First-time weekly claims for unemployment benefits jumped to 240,000 for the week ended November 19, according to data released Wednesday by the Department of Labor. That's a sharp increase of 17,000 from the previous week's upwardly revised tally of 222,000 and surpasses economists' expectations of 225,000. Click Latest weekly jobless claims jump to 240,000 | CNN Business for more.

Political News

 

Lagos APC holds presidential rally for Tinubu on Saturday "" This Day

On Saturday, the Lagos State chapter of the All Progressives Congress (APC) will hold a campaign rally for the party's presidential candidate, Asiwaju Bola Tinubu, at the Teslim Balogun Stadium, Lagos. Click Lagos APC Holds Presidential Rally for Tinubu Saturday "" THISDAYLIVE for more.

 

We are solidly behind Atiku/Okowa, South-south governors declare "" This Day

Yesterday, governors of the South-south geopolitical zone, re-affirmed their ...absolute support" for the presidential candidate of the People's Democratic Party (PDP), Atiku Abubakar, and his running mate, Dr. Ifeanyi Okowa. Click We're Solidly Behind Atiku/Okowa, South-south Govs Declare "" THISDAYLIVE for more.

 

Macroeconomic News

 

Buhari excited by new banknotes, says enhanced security features will make counterfeiting difficult "" This Day

President Muhammadu Buhari, yesterday, said the newly redesigned N1,000, N500, and N200 denominations unveiled by the Central Bank of Nigeria (CBN) had been fortified with security features that will make them difficult to counterfeit. Click Buhari Excited By New Banknotes, Says Enhanced Security Features"˜ll Make Counterfeiting Difficult "" THISDAYLIVE for more.

 

Pantami secures N16.7 billion broadband access for 20 markets "" This Day

The Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, has secured N16.7 billion from the Federal Executive Council (FEC) to provide broadband access for 20 markets and 18 schools in the six geopolitical zones of the country. Click Pantami Secures N16.7b Broadband Access for 20 Markets "" THISDAYLIVE for more.

 

NNPC meets marketers as petrol scarcity bites harder "" Punch

The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja on Wednesday after disappearing briefly. Click NNPC meets marketers as petrol scarcity bites harder (punchng.com) for more.

 

Governors drag FG to court over 10 National Integrated Power Projects "" This Day

Yesterday, the 36 state governors in Nigeria instructed their lawyers to drag the federal government to court over the Executive Order on the decision to sell the 10 National Integration Power Projects. Click Governors Drag FG to Court Over 10 National Integrated Power Projects "" THISDAYLIVE for more.

 

FAAC: Allocation declines as federal, state, and local governments share N736.8 billion "" Leadership

The Federation Account Allocation Committee (FAAC), has shared the sum of N736.782 billion to the federal, state, and local governments from the federally collected revenue in the month of October. Click FAAC: Allocation Declines As FG, States, LGs Share N736.8bn (leadership.ng) for more.

 

DMO raises N3.3 trillion from the domestic market to finance 2022 budget deficit "" This Day

The Debt Management Office (DMO) disclosed yesterday that it has so far helped the federal government raise N3.3 trillion from the domestic market to finance the 2022 budget deficit. Click DMO Raises N3.3trn from Domestic Market to Finance 2022 Budget Deficit "" THISDAYLIVE for more.

 

Company News

 

Shell to boost Nigeria oil production by 225,000 bpd "" Punch

Shell Nigeria Exploration and Production Company Limited's Bonga Floating Production Storage & Offloading vessel is set to begin production to boost Nigeria's crude oil output by 225,000 barrels per day. Click Shell to boost Nigeria oil production by 225,000bpd (punchng.com) for more.

 

 

 

 

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