The news jolted trading on a day when investors were already digesting cautious views from some Fed speakers including Jerome Powell. The “one-two punch” prevented market players from achieving further upside, according to Jose Torres at Interactive Brokers. Fed swaps almost wiped out the odds of a March rate move, and the chances of a May cut have also been reduced. Story continuesTo Thierry Wizman at Macquarie, the shift in the market’s assessment of when the Fed will begin to cut rates seems valid. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.

Unlike most off-road trails that start off easy and build in severity, the ordeal of Kolukkumalai begins at the very start. On the plus side though the compact dimensions of the Punch are proving to be extremely handy. And the most important contributing factor to the Punch making slow but steady progress up the trail is the 187mm of ground clearance. Over and over again we brace for that painful thadum of the Punch grounding itself over a boulder but it doesn’t come. It’s hard not to use the word amazing to describe what the Punch is doing because this trail is amazingly hard.

American Singer, Taylor Swift made history at the 66th Grammy Awards on Sunday. Taylor became the first performer to win the prize for Album of the Year four times. The superstar had previously received three Best Album Awards with Stevie Wonder, Paul Simon and Frank Sinatra. Taylor was presented with the award by Celine Dion, who made a surprise appearance despite health concerns. She says finishing a song or preparing for a show makes her equally happy as this moment.

The National Agency for Food and Drug Administration and Control said more than 50 per cent of certificates of pharmaceutical products that are imported into Nigeria are fake. The certificate of a pharmaceutical product is issued in the format recommended by the World Health Organisation, and it establishes the status of the pharmaceutical product and the applicant for the certificate in the exporting country. She said that substandard and falsified products threaten access to safe efficacious and affordable medicines, and undermine the achievement of universal health coverage in Nigeria, and Africa. According to her, the prevalence of substandard and falsified medicines in the region is due to limited regulation processes. What leads to maturity level three is market control, and that is one of the nine models of maturity level three, so we have a lot of work to do in Africa.

The governor of Central Bank Nigeria (CBN), Olayemi Cardoso, has highlighted some action plans the apex bank wants to embark on in order to help boost the economy. Cardoso highlighted some of the plans in his first-ever exclusive interview as CBN governor and which was done by Arise Business anchor, Boason Omofaye, on Monday, February 5, 2024. – Cardoso revealed that the CBN is currently planning strategies to revamp the Bureau de Change segment. He said this is imperative for enhanced efficiency and aims to streamline their numbers for better management as well as supervision. These measures address the foreign exchange market’s liquidity challenges, streamline capital flows and mitigate currency risks.

The Permanent Secretary, Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, confirmed this in a statement. “At 16:20hrs, the agency received a distress call via its toll-free emergency numbers and activated the LASEMA response plans. ADVERTISEMENT“The Igando zone responded accordingly with LASEMA Response Unit responding from the agency’s hub at Cappa Base. Oke-Osanyintolu added that the cable ignited immediately, erupting into an inferno that spread to the entire market area. He noted that several shops yet unknown were affected with goods worth millions of naira.

On February 3, 2024, Saturday PUNCH published a story titled ‘Operation rescue the naira: FG considers converting $30BN domiciliary deposits to Naira’. PUNCH made spirited efforts to get the CBN to react to the story, but the spokesperson was unreachable. Expectedly both the Ministry of Finance and the Central Bank took strong exception to the story. The bank issued a rejoinder which PUNCH has since published. Our journalist spoke to a senior government official and PUNCH published a story that is based on their discussion.

This piece is devoted to the memory of a great African revolutionary, Major Boakye Djan. Djan came into fame at a time the Ghanaians were immersed in poverty, and hopelessness, and were a laughing stock in West Africa. He moved on to Kings College, University of London, to research ‘Ghana at War in the Second World War’ as a doctoral programme. Djan, a former journalist with the Ghanaian Times, before he enlisted in the Ghanaian Armed Forces, was a bibliophile. We exchanged visits in Nigeria and Ghana after he was given amnesty by the government of John Kufuor.

The Federal Competition and Consumer Protection Commission (FCCPC) has noted a surge in violations of the existing digital lending framework in the country. The commission is determined to pursue Loan App companies leading these violations due to desperation. It added that in the coming days, “the commission will be engaging approved loan apps regarding a more robust compliance framework, including any additional requirements where applicable, and possible mechanisms for otherwise blacklisted apps. “The Commission will welcome demonstrated and timely compliance by all legitimate operators to promote and enhance fairness to consumers and fairness among competitors. “The Commission reiterates its commitment to ensuring legal and ethical operations in digital lending and encourages consumers to consider/patronize only approved DMLs (list available at www.fccpc.gov.ng).”

Kazeem Adeniran, Assistant Chief Regulator Officer, Investigation and Enforcement Department, NAFDAC, Lagos, made the call at a two-day enforcement exercise on Monday in Ota, Ogun. He said part of the agreement was that distillers, under the Distillers and Blenders Association of Nigeria (DIBAN), should stop the production of alcohol in sachets and pet bottles of less than 200ml with effect from January 31. "These companies were still producing those alcohols below 200ml at the time we carried this enforcement exercise, which is not supposed to be. It was clearly stated after the meeting in 2018 that they should stop the production of such alcohol in sachets and pet bottles by 2024 and embark on the production of alcohol above 200ml. "Therefore, we are not expecting to see these alcohol sachets and pet bottles in any Nigerian market for consumption," he said.

With the community being abuzz since the announcement of the title’s launch, many players are looking for free One Punch Man World SSR heroes to progress in One Punch World faster. This article aims to help you in your quest to find free One Punch Man World SSR heroes. Get free One Punch Man World SSR heroes via the Serious Training eventComplete the Serious Training event to get some quality SSR heroes (Image via T3 STudio)The currently ongoing Serious Training Event is one way you can get free One Punch Man World SSR heroes. The Hero’s Journey event can also get you free One Punch Man World SSR heroesget free Genos by completing this event (Image via T3 Studio)Genos’ SSR card is available in One Punch Man World for free. Other game-related guidesOne Punch Man World Reroll Guide || One Punch Man World Tier list || One Punch Man World gacha

A financial analyst, Kalu Ajah, has said the possible reasons manufacturing firms are declaring losses in the era of foreign exchange (FX) revaluation whereas banks are declaring profits in the same economy is because banks have better treasury teams. Banks, last year, recorded extra-ordinary profits against the backdrop of foreign exchange revaluation gains arising from depreciation of the naira. About 63.6 percent, amounting to N1.457 trillion of the profit came from foreign exchange related transactions. “The in-house treasury team will buy derivative products like Forwards and Swaps to hedge open dollar import positions,” the analyst wrote on his X handle. The treasury team can also borrow in FX offshore and sell in commodities from Nigeria.

Nigerians were, yesterday, plunged into darkness once again as the nation’s electricity grid collapsed. Kaduna Electric confirmed that the loss of bulk power supply left Kaduna, Sokoto, Zamfara and Kebbi states in darkness. Speaking with The Guardian in Ibadan, in separate interviews, the two experts called on government to decentralise power supply to address the perennial problem. On a post on his X handle, Odu Obodumu noted that amid privasation of the sector, power supply has not significantly improved. Elatuyi mentioned that power generation companies are owed about N1.3 trillion, adding that these companies, in turn, have outstanding debts to their gas suppliers.

A commodity trading company, Neveah Limited, has redeemed its obligation of the N2.92bn Series 7, 8 and 11 commercial papers issued between February and July 2023. The company, which deals in solid minerals and agricultural products, said the growth trajectory of the firm led to it issuing the CPs. Speaking on the CP redemption, Chief Executive Officer of Neveah, Mr Ibidapo Lawal, said, “We are steadfast in our pursuit to become the foremost indigenous export company for solid minerals and agricultural products in Nigeria. “Neveah has continuously shown its commitment to utilising funds from the capital markets to improve its revenue and profit. The company had also raised about N11.12bn via its Series 6-15 Commercial Paper Issuance to meet working capital requirements.

Mastercard has collaborated with Boost to provide digital payment wallets and embedded supply chain finance to empower and expand small businesses in the Fast-Moving Consumer Goods sector in Africa. The firms stated that the partnership aimed to provide support to distributors, wholesalers, and retailers in the FMCG sector. They said the players would be provided with Boost’s platform as a service to access essential working capital and Mastercard’s acceptance solutions. “By digitising payments and creating a track record for their transactions, we will enable more MSMEs to access credit facilities and scale their businesses. Through the delivery of integrated digital payment solutions and supply chain finance, we believe we are empowering MSMEs with essential tools to not only survive but thrive.