- CBN, Finance Ministry Sign MoU for Improved Fiscal-Monetary Policy Coordination
- FCMB Capital Markets Supports BOI’s ₦274.19 Billion Development Bond Issuance
- China Launches Satellites For Global Internet Network From Sea For First Time
- XRP Climbs on Relief Rally, SEC Delays Teucrium’s 2x Short Daily ETF
- Elevated Oil Prices Stoke Energy Crisis Fuel U.S Inflation Concerns
- Banking System Liquidity Declines by 66%, NOFR Unchanged
- Oilserv, Gabon Partner on Hydrocarbon, Gas Infrastructure
- Revenue Allocation: FG, States, LGs share N2.338trn for August
Global Market
The Federal Reserve raised interest rates by 25 basis points (bps) Wednesday for the first time in several years in the face of stubborn inflation.
Developed market (DM) general government debt will increase by another USD4.4 trillion this year to USD75.5 trillion or 105% of GDP by the end of 2026, reflecting continued large budget deficits, Fitch Ratings says in its quarterly Developed Market Sovereigns Debt Sustainability Monitor.
With US national debt now hitting almost $39 trillion, Trump needs to focus on the potential fallout of the world’s largest economy’s debt triggering a global financial crisis, warns the CEO of one of the world’s largest independent financial advisory organisations.
Global over-the-counter (OTC) derivatives notional outstanding grew to $845.7 trillion at the end of June 2025, a 15.9% rise compared to mid-year 2024 and a 20.9% increase relative to year-end 2024, International Swaps and Derivatives Association (ISDA) said in a report.
The U.S. credit outlook is broadly benign entering 2026, supported by AI-led capex, easing monetary policy and strong fiscal support, says Fitch Ratings.
US Threat of Greenland Tariffs Raises European Geopolitical Risks The threat of Greenland-related US tariffs…
XRP Drops Below $2 Ahead of Trump’s Davos Speech Ripple (XRP) fell 2.6% to $1.93…