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Media Highlights 27-02-2024
(Source: CardinalStone Research, Date: 27-Feb-2024)

Global Market News


Biden hopes for ceasefire in days as Israelis, Hamas take part in Qatar talks "" Reuters

U.S. President Joe Biden said on Monday he hopes to have a ceasefire in the Israel-Hamas conflict in Gaza start by next Monday as the warring parties appeared to close in on a deal during negotiations in Qatar that also aim to broker the release of hostages. Click here for more


Asia shares shaky, traders on guard as Japanese inflation tops forecast "" Reuters

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week. Click here for more


Macroeconomic News


CBN sells over $300 million to banks as naira gains "" Punch

The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. Click here for more.


20 years after, Tinubu launches $800 million Aba power plant "" Punch

President Bola Tinubu on Monday launched the Geometric Power Plant in Aba, 20 years after the project was initiated by a former Minister of Power, Barth Nnaji. Click here for more.


Tinubu orders full implementation of Oronsaye Report "" The Sun

Addressing State House Correspondents at the end of the Federal Executive Council (FEC), The Minister of Information and National Orientation, Mohammed Idris announced that President Tinubu has approved wide-ranging reforms based on the Oransanye recommendations. Click here for more.


FG to pay youth unemployment benefits, sets up consumer credit programme "" Punch.

The Federal Government on Monday said it would extend its social security payments net to graduates with qualifications from NCE and upwards. Click here for more.


FG equips 250 smallholder farmers with farm Inputs"" ThisDay

The Federal Ministry of Agriculture and Food Security, in collaboration with the Federal Ministry of Budget and National Planning (FMBNP) have empowered 250 vulnerable smallholder farmers in the Federal Capital Territory, (FCT) Abuja, with agricultural inputs to boost productivity as well as achieve food and nutrition security.  Click here for more.



Company News


FBN Holdings emerges most capitalised bank "" Punch

FBN Holdings has become the country's most capitalised bank valued at N1.22tn, topping Guaranty Trust Holding Company and Zenith Bank. Click here for more.

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