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Economy
EU Slashes Euro Zone Growth Forecasts Amid U.S. Trade War, Rising Economic…
The European Commission has revised its euro zone economic growth forecast downward, citing the ongoing trade war…
IMF Warns Surge in AI-Driven Electricity Demand Could Strain Global Economy and…
The International Monetary Fund (IMF) has issued a warning about the rapidly growing electricity demand driven by…
China Pressures U.S. to Scrap Tariffs Ahead of Crucial Switzerland Trade Talks
As the U.S. and China gear up for high-stakes trade negotiations in Switzerland, Beijing has called on Washington…
Nigeria Fully Repays $3.4bn IMF COVID-19 Loan Principal, Faces Ongoing Interest…
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary…
Senate Moves Ahead on Tax Overhaul, Passes Two Major Reform Bills
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major…
Declining Oil Production Threatens Nigeria’s Fiscal Stability and Dollar…
Nigeria's fiscal stability is under increasing pressure as the country’s crude oil production dropped to its…
MAN Warns U.S. Tariff Could Derail Nigeria’s N55trn Budget, Threaten AfCFTA…
The Manufacturers’ Association of Nigeria (MAN) has raised the alarm over the imposition of a 14% tariff on…
Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility
Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices…
Government Rejects GH¢2.36bn in T-bill Bids Amid Fiscal Caution
The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids…
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…
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…
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, once…
Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased…
Global stock markets experienced a significant boost on Wednesday following President Trump's surprising…
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,…
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%…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable…
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG)…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct…
The implementation of the Supreme Court's ruling on local government autonomy has encountered new challenges, as…
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…
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…
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…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal…
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion),…
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…
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…
TotalEnergies Achieves GHS 286M Profit in 2024 and Contributes GHS 1.7B in Taxes…
TotalEnergies Marketing Ghana PLC reported a notable increase in profits for 2024, posting GHS 286.67 million in…
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)…
Senate Investigates Rising Data Costs and Pushes for Mandatory Citizen…
The Nigerian Senate has directed its Committee on Communications to investigate the recent surge in data costs by…
Dangote Refinery Faces Backlash Over Dollar Sales, Expands Exports and Boosts…
Oil marketers in Nigeria, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria…
Ghana’s Government to Settle $1.1 Billion Debt to ENI Amid Energy Sector…
The government of Ghana is set to pay $1.1 billion in 2025 to ENI, an energy company, to settle outstanding debts…
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…