Global Market News

Asian stocks rise, dollar at two-year high as US rates, Trump in focus"” Reuters

Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perched at a two-year high against a basket of currencies as investors fret about U.S. rates staying higher for longer. Click here for more.

Oil extends gains on optimism over policy support for growth"” Reuters

Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. Click here for more.

Macroeconomic News

Telcos propose 100% tariff hike, await NCC nod"” Punch

Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission, aims to address rising operational costs, including inflation and increased service delivery expenses. Click here for more.

Amid rising debt, Nigeria's money supply hits N108.96trn"” The Sun

The Central Bank of Nigeria (CBN) has reported a remarkable surge in the country's broad money supply (M2), which reached N108.96 trillion in November 2024; a 51% year-on-year increase driven largely by the federal government's domestic borrowing. Click here for more.

Ardova, Heyden agree on bulk purchase with Dangote Refinery"” The Nation

Ardova Plc and Heyden Petroleum have entered into a bulk purchase agreement with the Dangote Petroleum Refinery. This initiative is designed to ensure a steady supply of petroleum products at affordable prices, further stabilising the nation's fuel market and enhancing energy security for consumers. Click here for more.

NNPCL, states differ as N'East oil exploration remains in limbo"” Punch

The Nigerian National Petroleum Company Limited and officials of the Gombe and Bauchi state governments have expressed divergent views over the seemingly stalled oil exploration activities at the Kolmani integrated oil field. Click here for more.

Company News

MTN finalises sale of Guinea operations to government"” Punch

MTN Group, Africa's largest network operator by subscriber base, has announced the completion of the sale of its operations in Guinea (also known as ...MTN Guinea-Conakry" ) to the State of Guinea. The mobile operator disclosed this information in a statement obtained from its website on Thursday. Click here for more.

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