China–Nigeria Trade Surges to $15.48 Billion in Seven Months, Strengthening Economic Ties
Bilateral trade between Nigeria and China has soared to $15.48 billion in the first seven months of 2025, marking a…
Category: Macroeconomic
Tinubunomics Under Fire: Abuja SMEs Struggle With Rising Costs, Taxes, and Uncertain Policies
Small and medium-scale enterprises (SMEs) in Nigeria’s capital city are sounding the alarm over a mounting cost crisis that is…
Economist Warns Bank of Ghana’s Aggressive Rate Cut Risks Inflation Amid Rising Utility Tariffs
Economist Professor Patrick Asuming has cautioned the Bank of Ghana (BoG) over its latest policy decision, describing the central bank’s…
FAAC Disburses N2.22 Trillion to Federal, State, and Local Governments for August 2025 Revenue Allocation
The Federation Account Allocation Committee (FAAC) has shared a total of N2.22 trillion among Nigeria’s federal, state, and local governments…
NECA Urges CBN to Cut Interest Rates as Inflation Eases, Calls for Relief for Nigerian Businesses and Households
The Nigeria Employers’ Consultative Association (NECA) has applauded the steady decline in Nigeria’s inflation rate, saying it offers a rare…
FG to Disburse ₦250 Billion Bank of Agriculture Loans, Insures 250,000 Farmers to Boost Food Security
The Federal Government has announced plans to disburse ₦250 billion in loans through the Bank of Agriculture to support smallholder…
FAAC Distributes N2.2 Trillion August 2025 Revenue to FG, States and LGs
The Federation Account Allocation Committee (FAAC) on Wednesday announced that the Federal Government, states, and local government councils shared a…
Aderonke Atoyebi Urges African Leaders to Explain How Tax Revenues Are Spent
The Technical Assistant to the Executive Chairman of the Federal Inland Revenue Service (FIRS) on Broadcast Media, Arabinrin Aderonke Atoyebi,…
European Stocks Climb as Traders React to U.S. Fed Rate Cut and Await Bank of England Decision
European shares opened higher on Thursday morning as investors digested the U.S. Federal Reserve’s latest interest rate cut and braced…
Ghana’s Central Bank Slashes Record 350bps as Inflation Eases, Economy Shows Strong Growth
Ghana’s central bank stunned markets on Wednesday by delivering its largest-ever policy rate cut, reducing the main lending rate by…
Nigeria Disburses N330 Billion to 8.1 Million Households Under Social Safety Net Program
The Federal Government has disbursed N330 billion to 8.1 million households nationwide under the National Social Safety Net Programme (NSSNP),…
Nigeria’s Inflation Set to Drop to 17% by Year-End, IMPI Projects Economic Relief
The Independent Media and Policy Initiative (IMPI) has forecasted a significant drop in Nigeria’s inflation rate, projecting it to reach…
UBA Unveils Groundbreaking Whitepaper at UNGA 2025 to Unlock Africa’s Economic Potential
United Bank for Africa (UBA) is set to take center stage at the 80th United Nations General Assembly (UNGA 2025)…
CBN Orders Banks to Secure MD/CEO Successor Approval Six Months Ahead to Strengthen Governance
The Central Bank of Nigeria (CBN) has issued a new directive compelling Domestic Systemically Important Banks (DSIBs) to secure regulatory…
Ghana’s Public Debt Climbs to GH¢628.8 Billion in July 2025 Amid Currency Swings
Ghana’s public debt rose sharply by GH¢15.8 billion in July 2025, bringing the total to GH¢628.8 billion (about $59.9 billion),…
Dollar Weakens, Gold Hits Record High as Markets Await Fed Rate Decision
Global markets steadied on Wednesday as investors braced for a widely expected interest rate cut from the U.S. Federal Reserve,…
Experts Question Presidency’s Claim That Nigeria’s Inflation Will Drop to Single Digit Amid Economic Hardships
The Presidency has assured Nigerians that the nation’s inflation rate is on track to fall into single digits, a development…
Naira appreciates to N1,497/$ at official market — first time since March
The naira appreciated to N1,497.46 per dollar at the official foreign exchange (FX) market on Monday. The currency appreciated by…
Naira Strengthens Below ₦1,500/$ Amid Rising FX Inflows and Growing Reserves
Nigeria’s naira on Monday posted a significant recovery against the United States dollar, trading below the ₦1,500/$ mark for the…
Africa Loses $200 Billion Annually to Poor Sanitation — World Bank Urges Urgent Investment
The World Bank has sounded the alarm on the growing sanitation crisis, revealing that Africa loses an estimated $200 billion…
Nigerian Banks Hold Record Excess Cash as System Liquidity Climbs to ₦2.1 Trillion
Nigerian banks are awash with cash as system liquidity hit a record ₦2.1 trillion last week, reflecting reduced intervention by…
Nigeria’s External Reserves Surge 12% to $41.66 Billion Amid Naira Gains and Rising Remittances
Nigeria’s external reserves have recorded a strong rebound, rising by 12 per cent in just three months to hit $41.663…
Nigeria’s August Inflation Slowdown Sparks Calls for CBN to Cut Interest Rates
Nigeria’s inflation rate eased again in August 2025, extending its months-long slowdown and stirring debate among economists, businesses and citizens.…
Nigeria’s Inflation Drops to 20.12% in August 2025 as Food Prices Ease – NBS Report
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, dropping to 20.12% from 21.88% in July, according…
Asia Stocks Hit Four-Year Highs as Dollar Slips; Investors Await Fed Rate Cut Decision
Asian equities surged to multi-year highs on Tuesday while the U.S. dollar weakened, as global investors positioned for an anticipated…
Nigeria Suspends Controversial 4% Import Duty Levy to Ease Trade Pressure
The Federal Government has suspended the controversial four per cent Free on Board (FOB) import duty levy recently introduced by…
US Cuts Nigerian Imports by 41% in July Amid Rising Tariffs, Raising Concerns for Trade Relations
The United States sharply reduced its imports of Nigerian goods by more than 40% in July 2025, signaling a worrying…
Orsted Shares Plunge 5.5% After Deeply Discounted $9.4B Capital Raise; European Markets Edge Higher
European stocks opened the week with modest gains on Monday as investors awaited the U.S. Federal Reserve’s highly anticipated meeting…
Nigeria’s Trade Surplus Jumps 44% in Q2 2025 as Non-Oil Exports and Manufactured Goods Surge
Nigeria’s trade surplus soared by 44.3% in the second quarter of 2025, reaching N7.46 trillion, up from N5.17 trillion in…
Nigeria’s Forex Market Stabilizes as IMTO Diversions Ease, Oil Dollar Inflows Rise
Nigeria’s foreign exchange market is seeing a rare moment of calm as licensed currency traders report that International Money Transfer…