Wall Street Faces Downward Pressure as Tariff Concerns Weigh on Markets
On April 2, 2025, U.S. stock markets experienced a significant downturn, with Wall Street’s main indexes all declining amid growing…
Category: Economy
Tinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari As New GCEO Of NNPCL
In a significant shake-up, President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited’s board.…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal Pressures
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion), representing 23.14% of the nation’s…
Global Stocks Tumble as Tariff Fears and Recession Concerns Grow
World markets experienced sharp declines on Monday, with gold prices hitting a record high as global trade tensions escalated. U.S.…
Asia Stocks Fall Amid Rising US Tariffs, Gold Hits Record High
Asian stock markets saw significant declines on Friday, driven by heavy selling in South Korea and Japan, as fears of…
TotalEnergies Achieves GHS 286M Profit in 2024 and Contributes GHS 1.7B in Taxes to Ghana
TotalEnergies Marketing Ghana PLC reported a notable increase in profits for 2024, posting GHS 286.67 million in profit after tax,…
Nigeria and EU Discuss €1.3 Billion Investment, Economic Reforms to Boost Growth
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the European Union (EU) Ambassador to…
Senate Investigates Rising Data Costs and Pushes for Mandatory Citizen Registration
The Nigerian Senate has directed its Committee on Communications to investigate the recent surge in data costs by telecommunications providers.…
Dangote Refinery Faces Backlash Over Dollar Sales, Expands Exports and Boosts Local Industry
Oil marketers in Nigeria, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have strongly opposed the…
Ghana’s Government to Settle $1.1 Billion Debt to ENI Amid Energy Sector Struggles
The government of Ghana is set to pay $1.1 billion in 2025 to ENI, an energy company, to settle outstanding…
U.S. Treasury Yields Rise as Hopes of Trade War Easing Boost Investor Confidence
U.S. Treasury yields increased on Monday, driven by growing optimism that President Donald Trump’s stance on trade tariffs may be…
Nigerian Stock Market Faces Fourth Consecutive Week of Losses Amid Uncertainty
The Nigerian stock market continued its downward trend last week, marking its fourth consecutive week of losses. This downturn was…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just as it was making…
Rwanda’s Economy Expands 8.9% in 2024, Driven by Strong Agricultural and Industrial Sectors
Rwanda’s economy experienced significant growth in 2024, expanding by 8.9%, surpassing the previous year’s 8.2% increase. This robust performance was…
Bitcoin Surges Above $82K Amid FOMC Meeting Speculation
Bitcoin (BTC) has been holding steady above $82,000, with market participants eagerly awaiting the outcome of the Federal Open Market…
Ghana Removes E-Levy and Betting Tax to Boost Financial Inclusion – Deputy Finance Minister
In a significant policy shift, the Ghanaian government has abolished the Electronic Levy (E-Levy), betting tax, and other taxes as…
One-Year T-Bills Yield Soars to 22.52% Amid Liquidity Challenges
In a surprising development, the Central Bank of Nigeria (CBN) sold its one-year Treasury bills at a yield of 22.52%,…
Ghana Faces GHS 55 Billion Financial Crisis at BoG, ECG, and COCOBOD – Ato Forson Reveals
Finance Minister Dr. Cassiel Ato Forson has revealed that the Bank of Ghana (BoG) is facing a critical financial crisis,…
Tinubu’s Reforms Boost Nigeria’s Oil Sector with $17B Foreign Investment
In 2024, President Bola Tinubu’s oil and gas sector reforms attracted approximately $17 billion in foreign investment to Nigeria. According…
U.S. Treasury Yields Dip Ahead of Key Inflation Data and Trade Tensions
U.S. Treasury yields fell slightly on Wednesday as investors anxiously awaited the release of the latest consumer inflation data and…
Foreign Trade in Nigeria Soars to N138 Trillion Amid Naira Devaluation
Nigeria’s foreign trade reached a major milestone in 2024, with total merchandise trade growing by a remarkable 106.6%, amounting to…
Nigeria’s Competitiveness Reaches 25-Year High Amidst Weak Naira
Nigeria’s economic competitiveness has surged to its highest level in 25 years, thanks to a significant devaluation of the naira.…
FG Targets Wealth Creation with N1.5tn BOA Recapitalization
The Nigerian Federal Government has unveiled plans to inject N1.5 trillion into the Bank of Agriculture (BOA) as part of…
Over 8,000 telecom subscribers switched operators in Jan – NCC report
Mobile number portability in Nigeria saw a significant rise of 190% in January 2025, according to the Nigerian Communications Commission…
Five Nigerian Firms Project Combined Profit of N54bn in Q2 2025
Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion…
China Bond Yields Surge as Investors Reassess Rate Cut Expectations
China’s sovereign bond yields reached their highest levels of the year, as investor optimism about economic growth led to reduced…
U.S. Dollar Weakens Amid Trade War Fears, Safe-Haven Currencies Soar
The U.S. dollar is under pressure, trading near a four-month low against major currencies as concerns over a potential global…
Naira Declines Against Dollar Amid Increased Demand and Tight Liquidity
The Naira experienced a reversal of recent gains last week, depreciating against the U.S. dollar in both the official and…
China Faces Growing Economic Uncertainty Amid Trade Tensions and Domestic Challenges
China’s economy is grappling with increasing uncertainty on the international front, as well as domestic challenges, according to top economic…
IMF Highlights Nigeria’s Economic Stability Amid Reforms under Tinubu Government
The International Monetary Fund (IMF) has praised the reforms implemented by Nigeria’s Bola Ahmed Tinubu-led government, noting that these measures…