MARKET NEWS

May 16 Dollar Notches Best Week Since Early March on Fed Hike View - BLOOMBERG May 16 Oil Rises as Trump Departs China With Limited Progress on Hormuz - BLOOMBERG May 16 Trump’s More Than 3,700 Trades Astonish Wall Street Insiders - BLOOMBERG May 16 Nigeria’s debt may hit N200trn, Agbakoba warns - DAILY TRUST May 16 Nigeria hits 99.2% OPEC quota, rakes in N278bn oil profit in March - May 16 Naira trades at N1,371/$ at official FX market - May 16 CBN unveils new forex manual to boost market liquidity - PUNCH May 16 Nigerian currency extends depreciation - DAILY POST May 16 Inflation hits 15.69% as food, transport costs surge - PUNCH May 16 Nigeria attracting $20bn FDI in 2026, says Tinubu - PUNCH May 16 Why Africa must harness cocoa, chocolate’s global market expansion - THE GUARDIAN May 16 Onne Customs generates N77.3b revenue in one month, N258.2b in four months - THE GUARDIAN May 16 Trump Says US Forces, Nigeria Military Killed ISIS Leader - BLOOMBERG May 16 Manufacturers rue global tension, rising cost of operation - THE GUARDIAN May 16 Dangote files new lawsuit against Nigeria, months after withdrawing N100 billion case... (read more) May 16 Nigeria won’t return to subsidy, price controls — Finance minister - PREMIUM TIMES May 16 Rwandan nationals can now enter Nigeria visa-free for 30 days under new deal - BUSINESS INSIDER May 16 S&P lifts Nigeria's ratings on improving macroeconomic profile - REUTERS May 16 US and Nigerian forces kill senior ISIS commander, Trump says - CNN May 16 FirstBank, Visa unveil new debit cards to boost digital payments - THE SUN May 16 Nigeria inflation edges up for second month in April - REUTERS May 16 Inside Nigeria’s High-Stakes Banking Transformation - LEADERSHIP May 16 Dutch shipping giant plans $600m expansion in Nigeria’s ports amid Tinubu reform push... (read more) May 16 Chinese govt highlights media’s role in advancing China-Nigeria cooperation - THE GUARDIAN May 16 Volatility is not the problem. What Nigeria’s finance leaders are getting wrong about... (read more) May 16 ‘Why financial readiness for Nigerian nano-SMEs is non-negotiable’ - May 16 Nigeria implements 30 day visa waiver for Rwandan nationals following presidential di... (read more) May 16 S&P Raises Nigeria’s Rating for First Time in 14 Years - BLOOMBERG May 16 S&P upgrades Nigeria’s rating to ‘B’, cites FX market reforms, improved oil output - THE CABLE May 16 Rwandan nationals can now enter Nigeria visa-free for 30 days under new deal - BUSINESS INSIDER