Global Market News

Asian shares pinned near three-month lows, dollar towers at 2-yr peak"” Reuters

Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. Click here for more.

Oil falls on demand growth concerns, robust dollar"” Reuters

Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Click here for more.

Macroeconomic News

Marketers project N950/litre as Dangote lowers petrol price"” Punch

Oil marketers operating under the auspices of the Independent Petroleum Marketers Association of Nigeria have projected a decrease in the retail cost of Premium Motor Spirit, also known as petrol, to N950 per litre in Lagos State. It also said petrol customers in the Federal Capital Territory may pay N990 for a litre. Click here for more.

Debt servicing, salaries take N24.8tn in 2025 budget"” Punch

The Federal Government plans to spend N8.52tn (inclusive of government enterprises) on personnel and pension costs for federal workers next year, an analysis of the 2025 Appropriation Bill has shown. This amount is an increase of N3.17tn or 59.16 per cent from the 2024 provision of N5.35tn. Click here for more.

Boosted by African Investors, Foreign Capital Inflows Soars 261.33% YoY "” This Day

Recent data released by the National Bureau of Statistics (NBS), has revealed that African investors, excluding Nigerians, accounted for 22.76 per cent of Nigeria's foreign capital inflows in Q3 2024, contributing $285.11 million. This marks a significant role for African countries in Nigeria's capital importation landscape, though it reflects a decline of 43.73 per cent from $506.68 million in Q2 2024 and a 16.77 per cent drop compared to $342.55 million in Q3 2023. Click here for more.

LASERC to regulate Lagos electricity market "" FG-- Punch

The Federal Government, through the Nigerian Electricity Regulatory Commission, has announced the transfer of regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission. Click here for more.

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