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Economy
Nigeria Becomes Crude Oil Importer Despite Being Africa’s Top Producer
In a striking contradiction, Nigeria—Africa's leading oil producer—spent N1.19 trillion importing crude oil in the…
U.S. Backs Investment Push in Lagos Free Zone, Eyes Stronger Economic Ties with…
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from…
Trump Administration Renegotiates Biden-Era Semiconductor Grants to Boost Value…
The Trump administration is revisiting and renegotiating several semiconductor grants originally awarded under…
Nigeria’s Public Debt Could Surge to N800,000 Per Citizen Amid New $21.5 Billion…
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5…
With 47.73% Spread, Nigeria Still Far from Attaining 70% Broadband Penetration…
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by…
Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group,…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre,…
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),…