By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
NIGERIA NEWS
Nigeria approves $4.5 billion refinancing of NNPC oil-backed facility
The National Economic Council on Monday approved “Project Gazelle 2” to refinance NNPC Limited’s $3.3 billion oil-backed facility through a new $4.5 billion arrangement. The deal will refinance $1.5 billion outstanding and unlock $3 billion additional liquidity to shore up external reserves and fund infrastructure
NNPC issues tender to sell Cawthorne and Bonny Light crude for September
NNPC issued tenders to sell 950,000 barrels of Cawthorne crude loading Sept 21-22 and 950,000 barrels of Bonny Light loading Sept 30-Oct 1. Bids are due by 8pm WAT August 4
Gunmen kill 12 and abduct women and children in Sokoto village
Armed men attacked Lajinge village in Sokoto state around 11pm Saturday to 3am Sunday. At least 12 people killed, 4 injured, and women and children abducted. Six members of one family burned to death after attackers set fire to their house
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Nigeria regulator says 43 insurers met new capital rules
NAICOM said 43 insurance and reinsurance companies met new capital requirements under the NIIRA 2025 Act. Thresholds set at 15bn naira for life, 25bn naira for non-life, and 45bn naira for reinsurers
Five nabbed for selling meat from dead cattle in Borno
Authorities in Borno arrested five persons for selling meat from dead cattle, according to Tuesday morning news roundup
FG announces seven-week roadmap for national policing bill
The Federal Government announced a seven-week roadmap and nationwide consultation to pass a state police law
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Bishop Oyedepo knocks Tinubu over worsening insecurity and economy
Bishop David Oyedepo condemned killings and economic hardship, saying he will “pray against killers, not for them”
AFRICA NEWS
Guinea opts out of planned ECOWAS single currency
Guinea announced it will not join the proposed ECOWAS single currency project, confirmed in regional updates this week
Tigray authorities accuse Addis Ababa of ‘launching open war’
Authorities in Ethiopia’s Tigray region accused the federal government of renewed hostilities amid ongoing tensions
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SIGNIS World Congress continues in Kigali
The SIGNIS World Congress for Catholic communicators is ongoing in Kigali, Rwanda through August 8, with pan-African designers showcasing Ankara and Kitenge fabrics
INTERNATIONAL & GLOBAL NEWS
Asia stocks struggle for direction, oil moves higher
MSCI Asia-Pacific ex-Japan was down 0.1% Tuesday morning while Japan’s Nikkei nudged 0.2% up. Brent crude rose 1.6% to $85.12 after falling Monday as US-Iran tensions eased
European shares gain as corporate earnings take centre stage
The pan-European STOXX 600 was up 0.6% at 656.27 by 0710 GMT Tuesday. Energy stocks edged up 0.1% as oil rebounded
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Wall Street rallies, Dow closes at record on Iran talks optimism
US stocks kicked off August strong with the Dow hitting a record close. Communication services led gains while energy dropped more than 1% as oil prices fell
Dollar firms against yen after US-Japan intervention
The dollar was up 0.3% at 157.62 yen Tuesday, rebuilding strength after coordinated US-Japan intervention last week
South Korea vows to curb stock market volatility as ETF boom slows
Finance Minister Koo Yun-cheol said authorities will enforce new curbs on single-stock leveraged ETFs after daily trading volume fell sharply. KOSPI volatility has eased slightly
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STOCK EXCHANGE & EXCHANGE RATES
US stocks start August in the green
The Dow opened at a record high, up 1.4% or 706 points Monday. S&P 500 climbed 1% and Nasdaq rose 1.3% on falling oil and Treasury yields
Naira trades around 1,360 to the dollar
Official rate data shows the naira at around 1,360.83 to one US dollar as of recent NAICOM disclosures
Sterling ends 3-day rise against dollar
The pound dropped 0.18% to $1.3457 and fell 0.5% against the yen to 211.11 as markets watch US rate path
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ENTERTAINMENT
TikToker undergoes traditional cleansing after filming Oloolu masquerade
A TikToker reportedly underwent traditional cleansing rites after filming an Oloolu masquerade procession, trending in Nigerian entertainment news
Peller laments: ‘I replaced guests’ phones stolen at my wedding’
Nigerian creator Peller said he had to replace phones stolen from guests at his wedding, according to Tuesday updates
SPORTS
Alec Burleson’s 3 HRs help Cardinals bash Yankees
MLB roundup reports Alec Burleson hit 3 home runs to power the Cardinals past the Yankees in Monday’s games
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Taylor Fritz wins DC Open title
Taylor Fritz bested Rafael Jodar to claim the ATP DC Open title over the weekend
Filipina Eala wins Washington triumph
Tennis star Filipina Eala lived up to the hype with a victory in Washington
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