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News
Nigeria’s Latest Inflation Figure A Paradox Of Conflicting Narratives
7+ hour, 54+ min ago (624+ words) Prof. Ken Ife, an economist, has described Nigeria’s latest inflation figures as a paradox of conflicting narratives, with headline inflation slowing to 15.43 per cent in July while food price pressures accelerated. Ife said this in an interview with the News…...
Reforms Saved Nigeria From Economic Crisis- Oyedele
4+ day, 14+ hour ago (1061+ words) The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says Nigeria’s economic reforms have prevented deeper fiscal and economic crises. Oyedele stated this on Wednesday in Abuja while presenting Nigeria’s Reform scorecard, highlighting the benefits, costs and…...
Tinubu’s Reforms Push FAAC Allocations Above N2trn Monthly – Oyedele
6+ day, 39+ min ago (482+ words) The Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, says the Federal Government’s economic reforms have pushed the monthly Federal Allocation to over N2 trillion from an average of N300 billion in past administrations. Oyedele disclosed the fiscal…...
European, US Markets Diverge As Inflation Data Shapes Rate Expectations
1+ week, 3+ day ago (519+ words) The European and US equity markets diverged as a softer-than-expected consumer price index print shaped investors’ sentiment across the global indices. In the US, the S&P 500 closed 0.26% higher yesterday, and the Nasdaq Composite gained 0.54%, as downwardly revised rate hike…...
Lagos Inaugurates Agege Fresh Food Hub To Reduce Post-Harvest Losses
1+ week, 4+ day ago (1303+ words) The Lagos State Government has inaugurated the Agege Fresh Food Hub to address post-harvest losses and strengthen food security. The Mid-Level Agro-Produce Hub was commissioned on Wednesday at Pen Cinema, Agege, Lagos. The facility is the third in the state,…...
U.S., European Stocks Surge On Tech Earnings, AI Optimism
3+ week, 2+ day ago (466+ words) U.S. and European stocks led a global market rally amid strong investor optimism, driven by top tech companies’ earnings releases and AI optimism. A surge in AI optimism drove the dominant overnight narrative, as strong results from major US technology firms…...
Nigeria May Face Rice, Tomato Scarcity In 3 Months — OTACCWA
4+ week, 16+ hour ago (726+ words) The President, Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA), Mr Alexander Isong, says Nigerians may face rice, tomato and staple food shortages within three months. Isong, also the Country Director, Nigeria World Agriculture Forum, gave the…...
Risk-off: High U.S. Treasury Yields Make Nigerian Eurobonds Unattractive
4+ week, 2+ day ago (322+ words) Risk-off: Nigerian Eurobonds traded under selling pressure as higher U.S. Treasury yields and profit-taking weighed on investor sentiment in the international debt market. The average yield on Nigerian sovereign Eurobonds edged higher by 3 basis points to 6.96% due to softer international appetite…...
Nigerian Government Raises N19trn From T-Bills, Bonds In 6 Months
1+ mon, 3+ week ago (400+ words) Nigeria raised about N19 trillion from Treasury bills and local bonds in six months across primary market auctions to support the country’s 2026 budget deficit of N31.46 trillion. The amount raised via local debt instruments accounts for more than 65% of the domestic borrowing…...
US Dollar Hits 1-Year High On US Fed Hawkish Rates Bets
2+ mon, 5+ day ago (586+ words) The US dollar climbed to its highest level in a year on Thursday after the Federal Reserve left interest rates unchanged while adopting a more hawkish tone. The Fed’s hawkish tone reinforces expectations that rate hikes could be delivered in…...