Global Market News

Treasury yields rise, stocks decline on US fiscal outlook worries"” Reuters

Longer-dated U.S. Treasury yields hit their highest in 18 months on Thursday, while Asian stocks and the dollar slipped as worries of a worsening fiscal outlook in the world's biggest economy weighed on investor sentiment. Click here for more.

Oil prices little changed as surprise US inventory builds caps gains"” Reuters

Oil prices were little changed on Thursday as investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks, though unexpected builds in U.S. crude and fuel inventories raised concerns about demand from the world's largest oil consumer. Click here for more.

Macroeconomic News

Nigeria spends $2bn on external debt in four months"” Punch

Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded during the same period in 2024. This is according to the latest international payments data published by the Central Bank of Nigeria on its website, which was obtained by The PUNCH on Wednesday. Click here for more.

27.5% MPR: MAN, LCCI, NECA Lament Prohibitively Expensive Credit"” This Day

The Manufacturers Association of Nigeria (MAN), the Lagos Chamber of Commerce and Industry (LCCI) and the Nigeria Employers' Consultative Association (NECA) yesterday lamented the continued decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to maintain the Monetary Policy Rate (MPR) at 27.5 per cent since November 2024, despite a global wave of interest rate reductions aimed at revitalising economic productivity and combating stagflation. Click here for more.

CBN sets 12-month deadline for new AML standards"” Punch

The Central Bank of Nigeria has issued a draft framework aimed at modernising anti-money laundering practices across the country's financial system through the adoption of intelligent, automated solutions. Click here for more.

Petrol price war closes nearly 5,000 fuel stations "” Punch

Over 4,900 petrol retail outlet owners have shut down their businesses, as thousands of independent marketers are currently scaling down operations, oil dealers in the downstream sector have said. They attributed this to rising financial losses from unpredictable and volatile costs in the price of Premium Motor Spirit (petrol) sold by the Dangote Petroleum Refinery and PMS importers. Click here for more.

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