Global Market News

Asian stocks rise, dollar weak as US yields tick down"” Reuters

Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Click here for more.

Oil prices ease, but caution prevails over Russia-Ukraine war"” Reuters

Oil prices retreated on Tuesday after the previous day's rally driven by halted production at Norway's Johan Sverdrup oilfield, but investors remained cautious amid fears of a potential escalation in the Russia-Ukraine war. Click here for more.

Macroeconomic News

Federal Govt targets N34.8 trillion revenue in 2025 Appropriation Bill"” The Nation

The 2025 Appropriation Bill targets N34.8 trillion revenue. The Bill also projects a comprehensive debt restructuring strategy aimed at freeing up funds for critical infrastructure development. Click here for more.

Credit Corporation to offer 1 million consumers loans for local purchases"” The Nation

The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled another initiative, Securing Consumer Access for Local Enterprises (SCALE), aimed at empowering one million Nigerian consumers to access credit for purchasing locally manufactured goods and services. Click here for more.

Nigeria's debt to IDA hits $17 billion "" Report"” Punch

Nigeria has retained its position as the third-largest debtor to the World Bank's International Development Association, with its exposure climbing to $17.1billion as of September 30, 2024. Click here for more.

Mortgage Bankers Laud FG for Approving N250 billion Real Estate Investment Fund"” ThisDay

The National Executive Council (NEC) of the Mortgage Banking Association of Nigeria (MBAN) yesterday lauded the federal government for the approval of a N250 billion Mortgage and Real Estate Investment Fund (MREIF). Click here for more.

Sanwo-Olu boosts Lagos food security with N100 million grant"” The Sun

To promote sustainable agriculture and secure food systems for the future, Governor Babajide Sanwo-Olu has distributed N100 million in Agrinnovation funds to 26 successful agripreneurs in Lagos State. Click here for more.

Company News

FBN Holdings now First Holdco Plc"” The Sun

FBN Holdings Plc has announced a strategic rebranding initiative, with shareholders approving a change of the company's name to First Holdco Plc. Click here for more.

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