South Korea’s Top Trade Envoy Heads to U.S. for Stalled Tariff Talks Amid $350 Billion Investment Fund Dispute
South Korea’s chief trade negotiator, Yeo Han-koo, left Seoul on Monday for Washington as Seoul and Washington struggle to finalise…
Category: Macroeconomic
Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest Report
Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of…
South Korea’s Kospi Index Hits Record High After Government Scraps Stock Tax Hike Plan
South Korea’s benchmark Kospi index soared to a record high of 3,420.23 in early Monday trade, marking its 10th consecutive…
Cedi Depreciation Sparks Debate Over Bank of Ghana’s Currency Support, Ahiagbah Slams Artificial Stability
The Ghanaian cedi’s sharp decline in recent weeks has reignited debate over how the currency was previously stabilised. Richard Ahiagbah,…
Nigeria’s Inflation Expected to Ease Further as FX Stability and Harvest Season Boost Price Relief
Nigeria’s inflation may continue its downward trajectory in August 2025, driven by a more stable foreign exchange market and the…
U.S. Treasury Yields Rise as Inflation Surges and Jobless Claims Climb Ahead of Fed Meeting
U.S. Treasury yields edged higher Friday morning as investors digested a mix of rising inflation and weaker-than-expected labor market data.…
Ghana Banks Introduce 5% Forex Withdrawal Fee Under New BoG Guidelines
Ghanaian commercial banks have begun applying a 5% fee on foreign exchange withdrawals, following the latest directives from the Bank…
Stable Naira and Cleared FX Backlog Boost Investor Confidence in Nigeria’s Economy
Nigeria’s economic outlook is brightening as bold monetary reforms by the Central Bank of Nigeria (CBN) stabilise the naira and…
IMF Forecasts Ghana’s Public Debt to Fall to 60% of GDP by End-2025 Amid Debt Restructuring
Ghana’s public debt is projected to drop sharply to about 60% of Gross Domestic Product (GDP) by the end of…
Germany, EU, and Nigeria Launch €18.3m Project to Transform Agriculture and Create Jobs
The Federal Government of Nigeria, in partnership with Germany and the European Union, has officially launched the €18.3 million EU-VACE…
Nigeria Must Grow GDP by 22% and Stabilise FX to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will need to sustain an annual GDP growth rate of about 22 per cent and maintain a stable exchange…
Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence
The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market…
Tinubu Orders Tight Oversight of Digital Currencies as Nigeria Leads Africa in Crypto Adoption
President Bola Tinubu has instructed Nigeria’s financial and capital market regulators to step up oversight of stablecoins and other digital…
Nigeria’s Battle Against Inflation: How CBN’s Tough Policies Are Easing Economic Pressures
Nigeria’s economy has long faced headwinds ranging from corruption and insecurity to poor infrastructure and heavy dependence on imports. But…
Nigerian Bond Market Stays Flat as Investors Hold Positions at 16.97% Yield
The Nigerian bond market closed quietly on Tuesday as investors maintained a cautious stance, leaving the average yield unchanged at…
Ghana Endorses Phase Two of ECOWAS Livestock Programme to Boost Meat Production and Trade
Ghana has officially endorsed the second phase of the West Africa Livestock Marketing Support Programme (PACBAO), aiming to strengthen the…
Nigeria Faces Fiscal Pressure as OPEC+ Oil Output Surge Threatens Budget Benchmarks
Nigeria is bracing for renewed fiscal strain after OPEC+ announced it would accelerate oil production increases, a move that could…
CEMSE Urges Government to Scrap BOST Margin as Fuel Prices Squeeze Ghanaians
The Centre for Environmental Management and Sustainable Energy (CEMSE) is calling on government to immediately abolish the Bulk Oil Storage…
Nigeria Seeks $500m World Bank Loan to Boost Power Distribution and Metering Nationwide
Nigeria’s Federal Government is turning to the World Bank for a $500 million lifeline to tackle the persistent challenges in…
U.S. Treasury Yields Steady Ahead of Key Inflation Reports as Market Eyes Fed Rate Decision
U.S. Treasury yields remained largely unchanged on Tuesday as investors awaited critical inflation data that could shape the Federal Reserve’s…
Exchange Rate Reflects Economy, Not Defines It — Prof. Baah-Boateng Explains Ghana’s Cedi Movements
The Vice Chancellor of Methodist University and prominent economist, Professor William Baah-Boateng, has emphasized that exchange rate movements, while noteworthy,…
Nigeria’s Tax Committee Exempts Kerosene, LPG, and CNG from 5% Fuel Surcharge to Ease Cost-of-Living Pressure
The Presidential Fiscal Policy and Tax Reforms Committee has announced that Nigeria’s new 5% fuel surcharge will not apply to…
U.S. Treasury Yields Hold Steady as Investors Await Key Inflation Data
U.S. Treasury yields were little changed on Monday as markets turned their attention to crucial inflation data expected later this…
Nigerian Businesses Struggle as Loan Interest Rates Soar to 36%
Nigerian businesses are reeling under crushing loan costs, with commercial bank interest rates now ranging between 29% and 36%. The…
Naira Strengthens to ₦1,514/$, Hits Five-Month High on Strong Dollar Inflows
The Nigerian naira ended last week on a strong note, trading at ₦1,514.86 to the US dollar at the official…
Nigeria’s Banks Face Pressure as N3 Trillion Liquidity Surge Tests CBN’s Inflation Fight
Nigeria’s banking sector is swimming in cash, but analysts warn that the flood of liquidity may do more harm than…
Standard Bank Revises Naira Forecast, Predicts N1,585.5/$1 by End of 2025 Amid Economic Shifts
Standard Bank has revised its outlook on the Nigerian naira, projecting that the currency will close 2025 at N1,585.5 per…
Edun Pushes National Single Window to Boost Trade, Revenue, and Economic Stability
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment to launching…
Asia Markets Climb as Fed Signals Rate Cuts, But China Stocks Slide
Asian markets bounced on Thursday, lifted by dovish comments from U.S. Federal Reserve officials and optimism after a smooth auction…
Nigeria’s Non-Oil Revenue Soars 40% to N20.6tn in 2025, Presidency Hails Fiscal Reforms
Nigeria’s Presidency has announced a significant boost in non-oil revenues, reporting a 40.5 percent rise to N20.6 trillion between January…