Global Market News

Asia shares slip on mixed China data, drop in Wall St futures"” Reuters

Asian shares slipped on Monday as a mixed bag of Chinese economic data showed the domestic economy was struggling even as U.S. tariffs began to bite into exports, while the White House kept up its rhetorical pressure on trade partners. Click here for more.

Oil little changed as investors eye Iran-US talks, China data"” Reuters

Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities demand following trade tensions with the United States. Click here for more.

Macroeconomic News

FG's electricity debt balloons by N800bn "" Senate"” Punch

The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month. Click here for more.

FG grants China approval to establish electric vehicle factories"” Punch

The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria's Solid Minerals sector through the establishment of electric vehicle factories in Nigeria. Click here for more.

Tinubu okays licences for Kolmani oil project"” The Nation

President Bola Ahmed Tinubu has granted approval for the issuance of all critical regulatory licences for the Kolmani Integrated Development Projects. The project is located between Bauchi and Gombe States, where the Nigerian National Petroleum Company Limited (NNPCL) said oil search would resume. Click here for more.

World Bank: Account for missing N500bn, SERAP tells NNPCL"” Daily Trust

The Socio-Economic Rights and Accountability Project (SERAP) has urged MrBayo Bashir Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL) ...to account for and explain the whereabouts of the missing N500 billion, which the NNPCL failed to remit to the Federation Account, between October 2024 and December 2024, as revealed by the World Bank." Click here for more.

FG completes governance framework for African Energy Bank"” Punch

The Federal Government has concluded key legal and governance frameworks required for the operational rollout of the African Energy Bank as preparations for its official launch enter the final phase. Click here for more.

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