Global Market News

Asian stocks climb on Wall Street lead; yuan, euro sag"” Reuters

Asian stocks rose on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar hovered near a six-week low to the yen as traders weighed the outlook for interest rates in the United States and Japan. Click here for more.

Oil prices little changed ahead of OPEC+ meeting"”Reuters

Oil prices inched down amid mixed market signals on Tuesday, with traders awaiting the outcome of an OPEC+ meeting this week. Click here for more.

Macroeconomic News

FG engages three US lenders for $2.2billion Eurobonds"” Punch

Nigeria is returning to the international capital markets for the first time in over two years, issuing Eurobonds to bridge its growing fiscal deficit. The Federal Government has engaged a consortium of international and domestic financial institutions, including Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., and Standard Chartered Plc, to manage the Eurobond issuance. Click here for more.

FG begins free CNG bus service in Abuja"”Punch

The Federal Government has commenced a free Compressed Natural Gas bus service in Abuja to ease transportation costs for Nigerians in the capital city. Click here for more.

Enugu, Austrian firm formalise $100million FDI to boost water infrastructure"” The Sun

The Enugu State Government and WANDE NEXUS, an Austrian firm, have formalised an agreement to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure (AMI) Project in Enugu. Click here for more.

Energy crisis forces Jos DisCo to downgrade 33 feeders"” The Guardian

Jos Electricity Distribution (JED) has announced the temporary downgrading of over 33 of its feeders, revealing that the decision was necessitated by the company's inability to meet the mandatory requirements for energy distribution to customers in Band A. Click here for more.

FG to commence N50 electronic levy deductions from Opay, Moniepoint others"” DailyTrust

The levy, called Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, places a singular and one-off levy of N50 on the recipient of any electronic receipt or transfer of N10,000 or above. Click here for more.

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