21 results for “dow”
Food market surveillance for week 43 shows maize down 1.6%, cashew down 2.7% and palm oil up 2.8%, even as September food inflation cooled to 19.59% year on year, per Useagrios data and NBS.
The naira depreciated 2.17% at the official window in the week ended October 23, 2026 to N1,361.84/$ while the parallel rate slipped to N1,375, narrowing the premium to 0.97% from 2.83% as interbank turnover hit $1.01bn.
Fixed-income markets ended the week ended October 23, 2026 with average FGN bond yields up 1bp to 16.4% and average Treasury bill yields down 4bps to 18.2%, as system liquidity strengthened to N6.66trn.
US stocks closed lower on October 23, 2026 as Brent rallied to $116.72: the Dow fell 1.23% to 52,215.16, the S&P 500 lost 0.52% and the Nasdaq gave back 0.21%.
Domestic refining is reducing petrol imports even as demand rises, but data gaps and supply risks could still trigger shortages.
The Central Bank of Nigeria offered N2 trillion in OMO bills on October 22 as commercial banks continued to hold more than N6 trillion at the standing deposit facility.
S&P 500, Nasdaq and Dow gained as technology led and SpaceX surged on strong Q3 results.
Comptroller-General Bashir Adeniyi wants 2024 import duty concessions worth N1.68 trillion reviewed, warning that poorly targeted waivers deprive government of revenue as Customs targets N11.07 trillion in 2026.
The House Downstream Committee said domestic refineries supply more than 75% of national petrol with over 25 days of sufficiency, as it passed confidence votes on Tinubu, NMDPRA and Dangote and sought stronger pipeline funding.
Pan-African payments network Onafriq is winding down Baxi, its Nigerian agent banking business, after five years, citing inflation, naira depreciation, rising operating costs and the rapid growth of instant account-to-account payments.
Onafriq's wind-down of Baxi highlights a broader unit-economics crisis in Nigeria's offline agent banking model as inflation, costs and instant digital payments squeeze the business that once brought millions into the financial system.
The Lagos Commodities and Futures Exchange has obtained a licence from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, positioning itself to bring greater price transparency to petroleum product trading.
The Major Energies Marketers Association of Nigeria has rejected the federal government's proposed N1,350 per litre ceiling on petrol ex-gantry and landing costs, arguing that arbitrary price caps distort competition without fixing supply bottlenecks.
Pan-African conglomerate Amsons Group has agreed to buy Geneva-based Oryx Energies' Tanzanian downstream oil business for more than $230 million, taking on retail stations, storage terminals and a stake in TIPER operations.
Onafriq is closing Baxi, the agent banking business it acquired in 2021, citing inflation, naira depreciation and the rise of instant account-to-account payments, while insisting it is not exiting Nigeria.
The Jakarta Composite fell 11.57 per cent, its heaviest one-day drop since 1998, after MSCI said Indonesia could no longer be classed an emerging market and proposed standalone status that would push it out of global benchmark indexes.
The naira strengthened at the official window while holding near N1,358 in the parallel market as traders positioned for the September inflation release.
NNPC Limited has cut petrol pump prices at its retail stations, joining a downstream price war that is easing costs for motorists but squeezing marketers.
Independent marketers are pressing for an extension of the 30-day petrol discount, warning of fresh price increases when the window lapses.
Nine companies disclosed funding in September, down from $364.1 million across 20 startups in the previous month.
A Major Shift in Trading Activity The 88.73 million shares traded represented about 184% above GTCO's 30-day average volume , based on...