CBN FX Reforms Boost Yuan-Naira Trade as Naira Gains Stability
The Central Bank of Nigeria’s recent foreign exchange reforms are strengthening confidence in the naira and opening new opportunities for…
Category: Macroeconomic
Naira-Yuan Swap Boosts Naira Stability, Promises Cheaper Imports from China
Nigeria’s currency, the naira, is gaining renewed strength as experts highlight the benefits of the Naira-Yuan currency swap between Nigeria…
Nigeria’s Business Confidence Index Climbs to 107.3 Despite Financing and Structural Challenges
Nigeria’s business environment showed modest improvement in August 2025, with the Current Business Performance Index rising to 107.3 points, according…
UK Partners with AGRA in £5m Deal to Boost African Food Security and Trade
The United Kingdom has committed £5 million to support agricultural trade and food security in Africa through a new partnership…
Nigeria Faces Remittance Pressure as UK Interest Rates Hit 27-Year High, Pound Weakens Against Naira
Nigeria’s remittance lifeline from the United Kingdom is coming under pressure as borrowing costs in Britain surge to a 27-year…
GNCCI Urges Government to Stabilize Exchange Rate to Boost Trade and Revenue in Ghana
The Ghana National Chamber of Commerce and Industry (GNCCI) has emphasized the urgent need for government intervention to stabilize the…
British Pound Slides 0.9% Amid U.K. Fiscal Concerns, European Markets Weaken
The British Pound fell sharply on Tuesday, sliding 0.9% against the U.S. dollar as investors grew increasingly concerned over the…
World Bank drives more budget allocations to critical sectors
Nigeria has leveraged the World Bank’s Programme-for-Results (PforR) to increase funding and budget allocations to key sectors of the economy,…
Trump Slams India-U.S. Trade Ties as ‘One-Sided Disaster’ After Modi’s Visit to China
U.S. President Donald Trump has sharply criticized India over trade relations, calling the partnership “a totally one sided disaster” following…
Nigeria Economic Society Pushes for Inclusive Growth, Honours Shettima, CBN Governor, and Global Economist Dr. Iyabo Masha
The Nigeria Economic Society (NES) has emphasized the need for inclusive economic growth as it prepares to honour Vice President…
Nigeria First’ Policy to Generate N3 Trillion for Economy, Says Trade Minister
The Federal Government has projected earnings of about N3 trillion from its ‘Nigeria First’ policy, a campaign designed to encourage…
Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation
Global financial markets were mixed on Tuesday as the U.S. dollar wobbled near five-week lows and gold surged to a…
Forex Market: Chinese Traders Accepting Naira for Yuan as Currency Swap Boosts Naira Stability
Nigeria’s foreign exchange market is witnessing new dynamics as Chinese traders increasingly accept naira for yuan transactions instead of demanding…
Nigeria Must Achieve 8% GDP Growth to Hit $1 Trillion Economy by 2030 — Minister Enoh
Nigeria must raise its Gross Domestic Product (GDP) growth from the current 3 percent to around 8 percent to achieve…
Asia Markets Mixed as China PMI Data, India Ties, and U.S. Tariff Ruling Shape Investor Sentiment
Asian stock markets closed mixed on Monday as investors weighed fresh economic data out of China, developments in India-China relations,…
Nigeria’s New Debt Strategy Sparks Sustainability Concerns as $1 Trillion Economy Goal Faces Risks
Nigeria’s revised Medium-Term Debt Management Strategy (MTDS) for 2024–2027 has stirred debate over the country’s rising debt burden, with stakeholders…
Dollar Slips as Fed Rate Cut Bets Rise; Trump-Putin Summit in Focus
The U.S. dollar weakened on Friday, reversing gains from earlier in the week, as traders grew more confident that the…
Naira Strengthens to ₦1,531.57/$ as CBN Interventions and Rising Reserves Bolster FX Market
The Nigerian naira appreciated to ₦1,531.57 per dollar on Friday, marking a 0.23% gain week-on-week in the official foreign exchange…
Nigeria and Brazil Central Banks Forge Stronger Financial Cooperation to Boost Trade and Stability
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil have pledged to deepen financial and economic cooperation…
NESG Urges FG to Drive Economic Growth Through Productivity, Not Inflation Control
The Nigeria Economic Summit Group (NESG) has urged the Federal Government to shift its economic growth strategy from inflation management…
Nigeria’s Diaspora Remittances Surge to $600m Monthly, Says CBN Governor Cardoso
Nigeria’s diaspora remittances have witnessed a sharp surge, hitting $600 million monthly in the past two months, according to the…
FG Approves 2026–2030 National Development Plan to Drive Growth, Reforms, and Job Creation
The Federal Government has approved a new Medium-Term National Development Plan (MTNDP) 2026–2030, aimed at consolidating ongoing reforms and accelerating Nigeria’s…
European Stocks Mixed as Investors Await EU and U.S. Inflation Data
European markets are set for a mixed open on Friday as investors brace for fresh inflation data from both the…
NESG Urges FG to Prioritize Economic Stabilization, Productivity, and Job Creation
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to focus on three key priorities to sustain Nigeria’s…
Naira Rebounds as Nigeria’s Foreign Reserves Hit $41.2 Billion, Boosting Investor Confidence
The naira regained strength on Wednesday after two days of marginal losses, supported by Nigeria’s external reserves crossing the $41…
BoG Enforces New Forex Rules: Importers, Exporters Urged to Use Credit Cards for Overseas Transactions
The Importers and Exporters Association of Ghana has urged its members to adopt credit or Visa cards for international transactions…
Trump’s 50% Tariffs on Indian Goods Take Effect, Escalating U.S.-India Trade Tensions
U.S. President Donald Trump’s decision to double tariffs on Indian goods to as high as 50% officially took effect on…
Ghana Launches New Financing Frameworks to Boost Cocoa, Oil Palm, and Strategic Crops
Ghana has initiated a major step to strengthen agricultural financing by setting up three Technical Committees to develop new funding…
Tinubu Commends Nigeria’s Capital Market Growth, Vows More Reforms During Brazil Visit
President Bola Tinubu has lauded the significant growth of Nigeria’s capital market, attributing the surge in market activity to renewed…
Naira Falls to N1,550/$ in Parallel Market as FX Gap Widens
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540 recorded on Monday.…