Global Market News

Stocks, dollar on tenterhooks with all eyes on US Election Day"” Reuters

Stock markets moved sideways, and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. Click here for more.

Oil trades in tight range ahead of US election"” Reuters

Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after rising more than 2% in the previous session as OPEC+ delayed plans to hike production in December. Click here for more.

Macroeconomic News

Imported petrol cheaper than Dangote's N990/litre "" Marketers"” Punch

The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. Click here for more.

Nigerians repaid N4.05tn personal loans in Q2 "" CBN"” Punch

In the latest quarterly economic report of the Central Bank of Nigeria, it was observed that this repayment reduced personal loan balances from N7.52tn in the first quarter to N3.47tn in the second quarter, marking a 53.9 per cent decrease. Click here for more.

FG secures Indian firm's commitment for offtake of natural gas for $4bn steel plant"” ThisDay

The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has successfully secured a commitment from Jindal Group to offtake about 450 million metric standard cubic feet per day (MMscfd) of natural gas. Click here for more.

Lagos Govt begins enforcement of E-Call-Up system in Lekki Free Trade Zone"” Leadership

Lagos State government has disclosed that it has commenced implementing and enforcing the newly deployed e-call-up system in the Lekki Free Trade Zone to effectively manage the influx of trucks within the axis. Click here for more.

Customs generates N1.9 trillion 10-month revenue from Apapa port"” Daily Trust

The Apapa Command of the Nigeria Customs Service (NCS), says it realised about N1.9 trillion revenue in the last ten months. The Customs Area Controller, Apapa Area Command disclosed that the amount shows a 101 per cent increase when compared with the sum of N931 billion, which the command generated in 2023. Click here for more.

Company News

MTN to issue N50bn commercial papers"” Punch

MTN Nigeria Communications Plc has revealed plans to issue up to N50bn Series 11 and 12 commercial paper notes under the company's N250bn commercial paper issuance. Click here for more.

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