CBN Halts Interest Rate Hikes Amid Inflation Slowdown and Naira Strengthening
In a notable shift from its aggressive tightening policies, the Central Bank of Nigeria (CBN) has paused its interest rate…
Month: February 2025
Capital Market Key to Nigeria’s Economic Stability, Says Shettima
Vice President Kashim Shettima has highlighted the crucial role of Nigeria’s capital market in ensuring economic stability, emphasizing its strong…
Net Foreign Exchange Inflows Surge by 44% to $41.89 Billion in 2024
The net foreign exchange inflows into Nigeria’s economy increased by 44.8% year-on-year, reaching $41.89 billion in the first eleven months…
Foreign Investment Outflow Hits N20.19bn in January, Threatening Market Stability
In January 2025, Nigeria’s stock market faced a significant challenge with a net foreign investment outflow of N20.19 billion, signaling…
ECOWAS Workshop Reinforces Regional Energy Data Integration
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to enhancing regional energy data integration with the…
Q4 2024 GDP Report Reveals Economic Weaknesses and Imbalance – Expert Analysis
The recently released Q4 2024 GDP figures from the National Bureau of Statistics (NBS) indicate a quarter-on-quarter growth of 3.84%…
ICT Contributes 17.7% to Nigeria’s GDP, Telecom Sector Leads Growth
In a recent report from the National Bureau of Statistics (NBS), the Information and Communications Technology (ICT) sector contributed 17.68%…
World Bank to Approve $2.2 Billion Loan for Nigeria in 2025
Nigeria is set to receive a $2.2 billion loan from the World Bank in 2025, aimed at supporting six major…
Interswitch Pushes for AI Integration in Africa’s Workforce and Economy
Interswitch, a leading integrated payments and digital commerce company in Africa, is emphasizing the critical role of Artificial Intelligence (AI)…
U.S. and Euro Zone Inflation Divergence Reaches Three-Year High Amid Economic Disparities
Traders are betting on the sharpest inflation divergence between the U.S. and the euro zone in three years, driven by…
NESG Calls for AI Adoption in Nigerian Town Planning to Boost Productivity
The Chairman of the Nigeria Economic Summit Group (NESG), Olaniyi Yusuf, has emphasized the need for the integration of Artificial…
Concerns Mount as Naira Strengthens Amid Decline in Forex Reserves
The Nigerian naira has shown notable improvement recently, gaining strength due to foreign exchange reforms implemented by the Central Bank…
Dollar Strengthens Amid Trade War Uncertainty; Nvidia Results Lack Impact on Stocks
The U.S. dollar gained strength on Thursday as Treasury yields rebounded, following mixed signals from the U.S. administration regarding tariffs.…
GPHA Warns Ghana Could Lose Port Business to Lomé, Abidjan
The Ghana Ports and Harbours Authority (GPHA) has raised concerns over the potential loss of port business to regional competitors,…
US Stock Futures Surge as Trump’s Tax Cut Plans Advance
U.S. stock futures saw a significant rebound on Wednesday following House Republicans’ progress on Donald Trump’s tax cut proposals. The…
Finance and Insurance Sectors Drive Nigeria’s GDP Growth in 2024
In 2024, Nigeria’s finance and insurance sectors played a significant role in boosting the country’s real GDP growth, contributing 6.22%,…
Ghana and Rwanda Sign MoU to Enhance Cross-Border Fintech Operations
Ghana and Rwanda have taken a significant step towards financial innovation by signing a Memorandum of Understanding (MoU) aimed at…
Naira Strengthens to N1,485 as Dollar Liquidity Improves
The Nigerian naira has strengthened against the US dollar in the parallel market, reaching a rate of N1,485 per dollar,…
Global Markets Tread Carefully Amid Rising Tensions and Economic Concerns
Global stock markets showed cautious gains as investors weighed the potential for economic slowdown in the U.S. ahead of key…
SEC Shortens Capital Market Approval Time to 14 Days
The Securities and Exchange Commission (SEC) has significantly reduced the approval time for companies looking to raise funds in Nigeria’s…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN) recent foreign exchange market…
LCCI Calls for Monetary Policy to Address Real Economic Pressures, Not Just Statistical Inflation
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has urged the Central Bank of…
Nigeria and Kazakhstan to Strengthen Cooperation in Agriculture, Trade, and Technology
Nigeria and Kazakhstan are preparing to sign a Memorandum of Understanding (MOU) to enhance bilateral relations, with a particular focus…
Experts Predict Strong Q4 GDP Growth in Nigeria but Full Year May Fall Short
Nigeria’s economy is projected to see a strong Q4 2024 GDP growth, surpassing the 3.46% recorded in Q3 2024. Analysts…
Strong Demand for Bank of Ghana Treasury Bills as Rising Interest Rates Influence Auction Results
The Bank of Ghana’s latest treasury bills auction, held on February 21, 2025, revealed strong demand for government securities, with…
Ghana’s Informal Sector: Major Employment Source, but Low Productivity and Slow Economic Growth
Ghana’s informal sector plays a vital role in the economy, employing nearly 80% of the workforce. However, it contributes only…
Securing Africa’s Digital Future: Addressing Cybersecurity Challenges in the Digital Age
As Africa rapidly embraces technological advancements and digital transformation, the continent faces significant cybersecurity challenges. With growing interconnections across critical…
Tinubu Vows Support for Fintech Growth in Nigeria
President Bola Tinubu has pledged his administration’s commitment to supporting the growth of the financial technology (Fintech) sector, particularly businesses…
Stock Market Experiences N231bn Loss as Bearish Trends Persist
The Nigerian stock market started the week on a negative note, with significant losses amounting to N231 billion. The All-Share…
Naira Strengthens Against Major Currencies Following EFEMS Introduction
The Naira has shown significant improvement against major foreign currencies, including the British Pound, Euro, and Canadian Dollar, since the…