Global Market News

Stocks bask in Trump glow, tariff uncertainty weighs on dollar "” Reuters

Global stocks gained on Wednesday as a flurry of new policies from U.S. President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows. Click here for more.

Oil steady as investors watch Trump 2.0 policies "”Reuters

Oil prices were little changed on Wednesday as markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and its impact on supply. Click here for more.

Macroeconomic News

FG defends tariff hike amid legal threats from SERAP, subscribers "” Punch

The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, on Tuesday defended the decision to approve a 50 per cent tariff hike for telecom services, despite widespread backlash and legal threats from advocacy groups and subscribers. Click here for more.

Plugging $500m annual losses through Cargo Tracking Note "” The Sun

From industry records, Nigeria loses an astounding $500 million annually to inefficiencies and leakages plaguing the maritime sector. The promise of efficient and profitable port operations remains stifled by rampant fraud, under-declaration and other unscrupulous practices that erode revenue and hinder economic progress. Click here for more.

NIMASA targets N560bn revenue for 2025 "” The Sun

The Nigerian Maritime Administration and Safety Agency (NIMASA) has set an ambitious revenue target of N560 billion for 2025, reflecting a significant increase from previous projections. Click here for more.

NPA, NLNG partner to boost export "” The Sun

The Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, has reaffirmed the agency's commitment to strengthening its partnership with the Nigerian Liquefied Natural Gas (NLNG) to boost exports. Click here for more.

FG approves licence for 10,000 barrels per day refinery  "” Punch

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval was given to MRO Energy Limited, an energy company for the construction of a 10,000 barrels per stream day refinery at Imode In Ughelli, Delta State. Click here for more. 

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