Omo9jaA1

  Omo9jaA1 Dear Client, A historic move is unfolding in the gold market! During the Asian session on Thursday, spot gold broke through the $5,500 per ounce mark for the first time and approached $5,600, marking its ninth consecutive day of gains. Policy Boost: Fed Decision Injects “Certainty” into the Market On 28 January local time, the Federal Reserve announced it would keep benchmark interest rates unchanged at 3.50%–3.75%. The decision was passed with a 10–2 vote, with two governors favouring a 25‑basis‑point cut, revealing a split in the vote. Moreover, Chair Powell stated that raising rates was not the base assumption for the next move. These remarks removed the uncertainty around “rate hikes” and, to some extent, reinforced the market’s sense of “certainty” about a more accommodative policy outlook, providing fresh upward momentum for gold. Following the release of the decision, gold continued to climb, with spot gold surging over 3% intraday to set another all‑time high. In...

  FCTA workers’ indefinite strike in Abuja ‘halted’ by Court The National Industrial Court has temporarily halted the indefinite strike action embarked upon by workers of the Federal Capital Territory Administration (FCTA). The ruling was delivered by Justice Emmanuel Subilim following an application filed by the legal team of the Minister of the FCT, Nyesom Wike, Channels Television  reports . The decision comes days after FCTA workers shut down public institutions across Abuja over unresolved welfare and employment-related concerns.

CBN okays use of expired NAFDAC licences for imports till February The Central Bank of Nigeria (CBN) has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for import documentation, extending relief to businesses affected by ongoing system transitions in Nigeria’s trade processing framework. In a circular issued on January 26, 2026, by the Trade and Exchange Department and published on its website on Tuesday, the Central Bank of Nigeria said authorised dealer banks may continue processing  Form M  applications with NAFDAC licences that lapsed on December 31, 2025. The approval runs for two months and will end on February 28, 2026.