Global Market News

Asian stocks ease as Nvidia's forecast dampens risk appetite"” Reuters

Asian equities fell on Thursday after AI darling Nvidia (NVDA.O), opens new tab disappointed investors with a subdued revenue forecast, while the dollar firmed, and bitcoin hit a record high in anticipation of U.S. President-elect Donald Trump's proposed policies. Click here for more.

Oil prices edge up on geopolitical tensions; higher-than-expected US inventories cap gains "” Reuters

Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine countered the impact from a bigger-than-expected increase in U.S. crude inventories. Click here for more.

Macroeconomic News

Dangote resumes US crude purchase after three months"” Punch

The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. Click here for more.

FG, states, LGAs share N1.41tn October revenue "" FAAC "” Punch

The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. Click here for more.

MTEF: OPS calls for strong fiscal discipline, sustainable policies "” The Sun

The Organised Private Sector (OPS) has expressed concerns over the federal government's 2025-2027 Medium-Term Expenditure Framework (MTEF), questioning the feasibility of certain assumptions in the proposed budget amid the prevailing scorching economic challenges. Click here for more.

NNPCL begins Utapate crude sale to global refiners "” Punch

The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. Click here for more.

FG unveils credit scheme to buy local products"” Punch

The Nigerian Consumer Credit Corporation has kicked off its project tagged Securing Consumer Access for Local Enterprises, an initiative to accelerate the growth of Nigeria's local industries by providing consumer credit to Nigerians specifically for the purchase of goods and services of local vendors and manufacturers. Click here for more.

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