Japan’s Stocks Drop Amid Trade War Tensions as U.S.-China Relations Sour
Asian markets experienced mixed trading on Friday, with Japan’s Nikkei 225 falling nearly 3% amid escalating trade war tensions between…
Category: Economy
Xi Jinping Breaks Silence on U.S. Trade War: “China Is Not Afraid”
In his first public statement since tensions reignited between the United States and China, President Xi Jinping declared that China…
Nigeria’s Economy Shows Signs of Recovery as PMI Reaches 52.3 in March 2025
Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a…
MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound
MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering,…
Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased Duties
Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his…
GRA Exceeds Q1 Tax Revenue Target, Collects GH₵41bn
The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax…
CBN, Firms Drive FX Inflows to 22-Month High Amid Global Trade Uncertainties
In March 2025, Nigeria’s foreign exchange (FX) inflows surged to a 22-month high of $3.11 billion, marking a 51% month-on-month…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct Allocation Payments
The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are…
Asian Markets Dive as Trump’s Tariff War Deepens Global Economic Turmoil
Asian markets faced a sharp decline on Monday, deepening a global stock market rout spurred by the escalating trade war…
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…
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…