Nigeria, Brazil Sign Strategic MoU on Science and Technology to Drive Jobs and Industrial Growth
Nigeria and Brazil have entered a landmark Memorandum of Understanding (MoU) to strengthen cooperation in Science, Technology, and Innovation. The…
Category: Macroeconomic
Nigeria’s Industrialisation at Risk as Manufacturing, Agriculture Sectors Decline Despite GDP Rebasing
Nigeria’s path to industrialisation faces growing threats as manufacturing and agriculture sectors continue to weaken, widening the gap with the…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn Despite Rising Criticism
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and March 2025, thanks…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota Again
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after early-year…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade and Energy Agreements
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria, five years after the…
U.S. Trade Surplus with Nigeria Hits $576 Million in 2025 Amid Rising Tariffs
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779…
Naira to Gain Temporary Boost as U.S. Plans Interest Rate Cuts
The naira could experience a short-term appreciation against the U.S. dollar as the Federal Reserve signals potential interest rate cuts. Analysts…
Nigeria’s Financial Markets Show Resilience Amid Global Economic Uncertainty
Nigeria’s economy expanded by 3.13% in Q1 2025, surpassing last year’s 2.27% but falling short of the 4.9% forecast, highlighting…
Ghana Pays GH¢9.7bn DDEP Coupon to Restore Investor Confidence Ahead of Bond Market Return
Ghana’s government has settled GH¢9.7 billion in coupon arrears under the Domestic Debt Exchange Programme (DDEP), a move expected to…
Nigeria’s GDP to Grow 3.2%-3.9% in Q2 2025 on Rebasing, FX Stability, and Stronger Business Activity
Nigeria’s economy is on track to post faster growth in the second quarter of 2025, with analysts projecting real GDP…
U.S. Treasury Yields Edge Higher as Investors Await Inflation Data
U.S. Treasury yields ticked higher on Monday as investors assessed Federal Reserve Chair Jerome Powell’s recent comments and shifted focus…
German Economy Shrinks 0.3% in Q2 as U.S. Tariffs Hit Exports, Growth Outlook Weakens
Germany’s economy contracted by 0.3% in the second quarter of 2025, according to revised data from the Federal Statistics Office,…
Edun, Cardoso Meet to Align Fiscal and Monetary Policies, Boost Investor Confidence
Nigeria’s Finance Minister Wale Edun and Central Bank Governor Olayemi Cardoso met in Abuja on Wednesday to discuss strategies aimed…
Non-Bank Corporates Drive 24% Surge in Nigeria’s FX Inflows as Dollar Bond Hits 180% Subscription
Nigeria recorded a significant boost in foreign exchange inflows in July 2025, climbing 24% to $1.7 billion, driven largely by…
FG Fails to Publish Budget Implementation Reports for Nearly a Year, Raising Transparency Concerns
The Nigerian government has not released any quarterly Budget Implementation Reports (BIRs) in nearly a year, sparking concerns over fiscal…
Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution
Nigeria’s latest Gross Domestic Product (GDP) rebasing has revealed a major shift in the country’s growth structure, showing that non-oil…
Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market
The Bank of Ghana (BoG) has issued a new directive prohibiting banks from allowing large corporates to withdraw foreign currency…
Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears
Nigerian banks are expected to raise an additional N900 billion in fresh capital by the end of 2025, as lenders race…
Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity
Nigeria recorded a significant rise in foreign exchange (FX) inflows from corporates in July 2025, providing some relief to the…
Edun, Cardoso Vow Stronger Fiscal and Monetary Policy Alignment to Boost Nigeria’s Economy
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of…
Asian Markets Mixed as Japanese Exports Hit 4-Year Low, Investors Await Fed Rate Signals
Asian stock markets closed mixed on Wednesday as Japan reported its steepest drop in exports in more than four years,…
Asia Markets Slide as Japan Exports Record Steepest Drop in Four Years
Asian stock markets closed mostly lower on Wednesday, mirroring Wall Street’s overnight declines as investors reacted to weak Japanese trade…
Tinubu Abolishes 5% Telecom Excise Duty to Reduce Subscriber Costs and Boost Digital Growth
President Bola Tinubu has officially abolished the five per cent excise duty on telecommunications services as part of Nigeria’s new…
Bitcoin Price Falls Below $113K as Inflation Worries and Tech Sell-Off Weigh on Markets
Bitcoin slipped under $113,000 in mid-week trading, pressured by profit-taking, U.S. inflation concerns, and a broader sell-off in tech stocks.…
European Stocks Slip as Tech Selloff and Inflation Concerns Pressure Markets
European share markets fell on Wednesday, weighed down by a global technology selloff and renewed worries over inflation. The pan-European…
UK Endorses Tinubu’s Economic Reforms, Promises Stronger Trade Partnership with Nigeria
The United Kingdom has expressed strong support for President Bola Tinubu’s economic and trade reforms, describing them as bold measures…
SEC to Introduce Forex Trading Guidelines in Ghana to Boost Investor Confidence
The Securities and Exchange Commission (SEC) has announced plans to roll out new regulatory guidelines for forex trading in Ghana,…
Cedi Weakens on Interbank Market as Analysts Warn of Rising Dollar Pressures
The Ghanaian cedi weakened on the interbank market last week, with market analysts warning that near-term pressures against the U.S.…
Naira Weakens Slightly to ₦1,533/$ as CBN Interventions Sustain Market Stability
The Nigerian naira opened the week weaker at ₦1,533.67 per dollar at the official Nigerian Foreign Exchange Market, according to figures published…
CBN Unveils Digital Roadmap to Boost Financial Inclusion in Nigeria
The Central Bank of Nigeria (CBN) has intensified its push for a digitally empowered economy through a roadmap designed to…