Global Market News

Oil prices edge up on demand hopes from China's "˜looser' monetary policy "” CNBC

Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth. Click here for more.

Gold touches two-week peak; U.S. inflation data in focus "” CNBC

Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day. Click here for more.

Macroeconomic News

Nigeria's imports from Malta hits N766bn "" NBS "” Punch

Nigeria's imports from Malta reached a record high of N766.81bn in the third quarter of 2024, according to the latest foreign trade statistics from the National Bureau of Statistics. Click here for more.

LNG: Africa Needs $200bn Annually to Meet Energy, Climate Goals"” ThisDay

The Managing Director of Nigeria Liquefied Natural Gas (LNG) Limited, Mr. Philip Mshelbila has disclosed that the energy sector in Africa needs over $200 billion investments annually to meet its energy and climate goals. Click here for more.

AfDB mobilises $2.2bn for Nigeria's agro-industrial hubs "”Punch

The African Development Bank Group has facilitated the mobilisation of $2.2bn to advance the second phase of Nigeria's Special Agro-Industrial Processing Zones initiative. Click here for more.

FG suspends energy tariff review as 4-month subsidy hits N768.68b "” Guardian

The Federal Government has suspended the monthly review of electricity tariffs as power subsidy climbs to N768.68 billion in four months. There are also indications that the generation companies (GenCos), who only received 45 per cent of their invoices last month would have more to worry about next year as the Federal Government failed to make provision for tariff shortfall in the 2025 budget. Click here for more.

FRC drums support for Tax Reform Bills "” Punch

The Fiscal Responsibility Commission has called for strong support across geopolitical zones for the controversial Tax Reform Bills currently before the National Assembly. Click here for more.

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