Media Highlights 22-07-2025 | InfoWARE Finance

Media Highlights 22-07-2025
(Source: CardinalStone Research, Date: 22-Jul-2025)

Global Market News

Asian stocks firm as investors look to tariff negotiations, earnings"” Reuters

Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. Click here for more.

Oil edges lower as trade war concerns increase worries about fuel demand"” Reuters

Oil prices edged down on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity weighed on investor sentiment. Click here for more.

Macroeconomic News

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Electricity Act fallout: Gencos, Discos rage as states begin tariff cuts"” Punch

More states have announced plans to reduce electricity tariffs in their jurisdictions after the Enugu Electricity Regulatory Commission issued a new tariff order to MainPower Electricity Distribution Limited, revising the electricity cost for Band A customers from N209 per kilowatt-hour to N160/kWh, effective August 1, 2025. Click here for more.

Gencos fear blackout over N5.2tn debt"” Punch

Power generation companies have said that their long-time patriotism to the nation can no longer keep the power plants running, especially in the face of a fresh N1.2tn debt incurred in the first half of 2025, which increased the total debt to Gencos at N5.2tn. Click here for more.

Services sector fuels 3.13% economic growth"” Punch

Nigeria's Gross Domestic Product rose by 3.13 per cent year-on-year in real terms in the first quarter of 2025. This is according to the latest report by the National Bureau of Statistics released on Monday. Click here for more.

Nigeria now spends half its revenue on debt-Presidential panel "” Punch

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, disclosed that the country currently spends less than 50 per cent of its revenue on debt servicing. Click here for more.

Nigeria misses budget oil output target by over 70m barrels in H1 "” ThisDay

Nigeria underperformed its 2025 budget crude oil production target in the first half of 2025 by over 70 million barrels or about 19 per cent, a shortfall that may compound the federal government's fiscal challenges and undermine key economic projections for the year. Click here for more.

FG targets $1tr economy through investment, local production"” The Guardian

The federal Government has unveiled an ambitious plan to achieve a $1 trillion economy by 2030, with a renewed focus on domestic investment and local production under President Bola Tinubu's ...Nigeria First" policy. Click here for more.