Global financial markets experienced volatility as investors reacted to speculation about the US Federal Reserve’s next move on interest rates. Following hints of a potential rate cut in September 2025, stock indices in major economies saw mixed results, with the Dow Jones rising by 1.2% while European markets dipped slightly. Analysts predict a 50 basis point cut could stimulate growth but warn of inflationary risks. Federal Reserve Chairman Jerome Powell stated, 'Our decisions will remain data-driven to balance growth and inflation.' This uncertainty continues to impact currencies and commodities worldwide, including in Nigeria.
Peter Obi, former governor of Anambra State and Labour Party presidential candidate in the 2023 elections, has raised concerns over Nigeria’s declining Foreign Direct Investment (FDI). In a recent statement, Obi highlighted that the drop in FDI is a major barrier to economic growth, attributing it to insecurity, policy inconsistency, and corruption. He stated, 'Without creating a conducive environment for investors, Nigeria cannot achieve sustainable development.' Obi called for urgent reforms to restore investor confidence. His comments have sparked discussions among policymakers and economists on the way forward for Nigeria’s economy.
Punch Newspapers (MobilePunch) The National Pension Commission (PenCom) and organized labour are at loggerheads over unresolved issues concerning pension funds management in Nigeria. Labour unions have expressed dissatisfaction with the commission's policies, alleging lack of transparency and failure to prioritize workers' welfare. A strike action is imminent if negotiations fail to yield results in the coming days. Key stakeholders have been called to intervene to avert a nationwide industrial action that could disrupt economic activities. The disagreement centers on the management of over N17 trillion in pension assets, with labour demanding better accountability and improved returns for contributors.
Punch Newspapers (MobilePunch)