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Gold prices experienced a decline as a stronger US dollar, buoyed by encouraging employment figures, overshadowed its traditional safe-haven appeal. This, coupled with geopolitical tensions, influenced market dynamics.
A study reveals that over 20 major Nigerian companies, including MTN and Dangote Cement, incurred approximately N2.1 trillion in finance costs during 2025. This figure highlights the sustained pressure of high borrowing rates on corporate profitability.
FirstBank has partnered with the Ministry of Finance and the Incorporated Real Estate Investment Fund (MREIF) to offer a revolutionary mortgage opportunity featuring single-digit interest rates. This initiative aims to make homeownership more accessible to Nigerians facing high property prices and lending rates.
President Trump intends to announce his nominee for the Federal Reserve chair on Friday following discussions with Kevin Warsh, a former Fed Governor advocating for low interest rates.
