Global Market News

Shares fall, yen hits two-month high as tariff worries weigh"” Reuters

Asian shares fell sharply on Thursday, tracking choppy trading on Wall Street and a dip in European stocks as U.S. President Donald Trump's tariff plans and a cautious stance from Federal Reserve policymakers hurt risk sentiment.  Click here for more.

Oil prices ease after report of US crude inventories rise"” Reuters

Oil prices edged lower on Thursday after an industry report showed a build in U.S. crude stockpiles and as tariff concerns weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia. Click here for more.

Macroeconomic News

Power generation hits 5,543MW as govt reveals new plans"” Punch

The Federal Government has revealed that it is interested in moving most electricity consumers in Nigeria to Band A where they will enjoy a minimum of 20 hours of electricity supply daily. It disclosed this on Wednesday as the Transmission Company of Nigeria announced a major milestone in the nation's power sector, revealing that Nigeria has achieved a new peak power generation of 5,543.20 megawatts.  Click here for more.

FG bans 60,000 litres tankers nationwide from March"” Punch

The Federal Government has announced a ban on trucks carrying over 60,000 litres of hydrocarbon products from loading at depots and travelling on federal roads, effective from March 1, 2025. It also announced that from the Fourth Quarter of 2025, no truck carrying more than 45,000 litres of petroleum products shall be allowed to load from the depots. Click here for more.

FG eyes 20,000 jobs from eastern ports modernization project"” The Sun

The federal government is set to unlock 20,000 new jobs through the modernization of the eastern ports, a move designed to strengthen Nigeria's maritime, boost trade and position the country as a leading maritime hub in Africa in line with Agenda 63. Click here for more.

Money supply hits N110.9trillion as MPC meets"” Punch

Nigeria's broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. The latest figures, sourced from the Central Bank of Nigeria's monetary and credit statistics, highlight a growing liquidity trend in the economy, fuelled by a surge in both net foreign assets and net domestic assets. Click here for more.

Dangote, NNPCL refineries not supplying 50% local fuel demand ""FG"” Punch

Despite having a combined refining capacity of 985,000 barrels per day, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed that the country's three operational refineries contribute less than 50 per cent of the nation's daily petrol consumption. Click here for more.

Abuja:

4 Misratah Street,

Wuse II

Abuja, Nigeria

Tel: +234 201 7100 4334

Email: research@cardinalstone.com

Website: www.cardinalstone.com