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Finance & Markets

Gold Holds Decline as Mideast Flare-Up Raises Fed Rate-Hike Bets

Gold steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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SECURING NIGERIA’S ECONOMIC RE-BIRTH

Tinubu’s reforms are largely driven by the overall interest of the people, argues DAN AIBANGBE Every nation faces pivotal historical moments that demand uncompromising courage and visionary…

  • President Bola Tinubu leads Nigeria with economic reform agenda.
  • Elimination of petrol subsidy addresses fiscal hemorrhage.
  • Naira floating stabilizes foreign exchange and investor confidence.

Petrol price reduction boosts ASPI

By Hiran H. Senewiratne CSE data indicated yesterday that the benchmark All Share Price Index moved up 0.11 percent mainly due to the petrol price reduction among some categories of fuel, market…

  • ASPI rose 0.11 percent to 21,338.84, boosted by petrol price cuts
  • Capital goods led gains, contributing Rs 300.64 million in trading volume
  • Ceylon Land & Equity proposed Rs 0.043 per share dividend for FY 2026

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