Oil Prices Fall on Easing Middle East Tensions and Diminished Rate Cut Prospects
Oil prices experienced a decline in early Asian trading on Monday, reversing gains from Friday as Israel-Hamas peace talks in...
Elon Musk in China to discuss enabling full self driving
Elon Musk is in Beijing with plans to discuss the implementation of autonomous driving mode on Tesla cars specifically tailored...
Global Stocks Rebound as Geopolitical Tensions Ease
In a turnaround from recent volatility, global stocks experienced a resurgence in this week's trading, buoyed by a relative easing...
People’s Bank of China Holds Key Lending Rates Amidst Strong Economic Growth
During its April monetary policy meeting, the People's Bank of China (PBoC) adhered to expectations by maintaining its key lending...
US Economy Slows in Q1-2024, Missing Expectations Amidst Various Headwinds
Preliminary estimates from the United States (US) Bureau of Economic Analysis reveal that the US economy expanded by 1.6% quarter-on-quarter...
Nigeria’s FX Reserves Show Pause in Descent as Naira Depreciates
In a recent turn of events, Nigeria's foreign exchange reserves experienced a welcomed pause in their five-week descent, marking a...
Nigerian Equities Extend Losses Amidst Signs of Bank Recovery
In the Nigerian equities market, last week witnessed another round of losses as domestic stocks faced widespread declines across key...
FAAC Disbursement Declines in April Amidst Revenue Challenges
The Federation Account Allocation Committee (FAAC) disbursed NGN 1.12 trillion to the three tiers of government in April, based on...
Nigeria’s Fiscal Deficit Widens in 2023, Driven by Increased Expenditure
According to the Central Bank of Nigeria's Quarterly Statistical Bulletin, the fiscal deficit of the Federal Government (FG) expanded by...
Industrialization key to diversification of the economy – Dangote
The Pan-African Conglomerate, Dangote Industries Limited (DIL) has emphasized the crucial role of industrialization in diversifying the economy. The Regional...
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