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August Job Gains Blew Past Estimates. Here's What It Means for the Fed.

Key PointsThe Fed is likely to be less concerned that a rate hike will damage the labor market.

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Report: Banks’ Deposits with CBN Declined 1.14% to N82.99tn in August

Kayode Tokede Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) declined by 1.14 per cent month-on-month to N82.99 trillion in August 2026, from N83.96 trillion recorded in July,

  • Banks deposited 1.14% fewer funds with CBN in August 2026
  • Total deposits fell to N82.99 trillion, down from N83.96 trillion in July
  • Reduction attributed to decrease in Monetary Policy Rate to 26.50%

Atiku Playing to the Gallery, 15 Northern States will Collapse If Subsidy Returns, Don Warns

A professor at Obafemi Awolowo University (OAU), Tunji Ogunyemi, has warned that restoring petrol subsidy could leave about 15 states in northern Nigeria unable to sustain their operations within…

  • Reintroducing petrol subsidies could incapacitate 15 northern states for up to three months.
  • Atiku's campaign pledge to restore subsidy would strain Nigeria's Federation Account.
  • Removing subsidy in May 2023 increased petrol prices and living costs sharply.

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