Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark Nigeria’s foreign exchange reserves have surged past the $40 billion threshold,…
Category: Macroeconomic
Food Price Surge Threatens Inflation Gains, CPPE Warns — Urges Structural Reforms
Despite a decline in headline inflation for the fourth consecutive month, the Centre for the Promotion of Private Enterprise (CPPE)…
Nigeria’s Currency Outside Banks Falls to N4.49trn in June, Still 90% of Cash in Circulation
Currency outside Nigeria’s formal banking sector dropped slightly to N4.49 trillion in June 2025, compared to N4.63 trillion in May, according to…
Stable Naira, Harvest Season Expected to Ease Nigeria’s Inflation – Analysts
Nigeria’s inflation outlook is showing signs of relief as analysts project further easing in the coming months, supported by stable…
T-bill Auction Undersubscribed as Investors Shift Amid Falling Yields
The latest treasury bill auction in Ghana ended in a 35 percent undersubscription, reflecting weakening investor appetite for government short-term…
Cedi Strengthens as Fiscal Discipline and Debt Deals Boost Ghana’s Economic Recovery – World Bank
Ghana’s cedi has strengthened in 2025, supported by fiscal discipline and progress in debt restructuring, according to the World Bank’s…
Naira Holds Longest Stability Streak of 2025 as Dollar Weakens and Reserves Climb
The naira is experiencing its most prolonged period of stability this year, trading within a narrow range of ₦1,520 to…
Nigeria Inflation to Ease in July 2025 as Harvest Season and Naira Stability Offer Relief
Nigeria’s headline inflation is expected to ease slightly in July 2025, with analysts projecting year-on-year figures between 22.20% and 22.80%,…
Nigeria’s Inflation to Drop to 21.79% in July as Naira Stays Stable – Rewane Forecasts Rate Cut
Nigeria’s inflation rate is expected to fall to 21.79% in July, marking the fourth consecutive monthly decline and the lowest…
Tinubu Orders FIRS, Customs, NNPC to Review Revenue Deductions to Boost Public Savings
President Bola Tinubu has directed a comprehensive review of deductions and revenue retention practices by Nigeria’s key revenue-generating agencies to…
Nigeria’s National Single Window Set to Launch in March 2026, FIRS and Customs Fast-Track Integration
Nigeria’s National Single Window (NSW) is set to become fully operational in March 2026, following a strategic collaboration between the…
Ghana Launches “RedGold” Policy to Cut $2 Billion Palm Oil Imports, Boost Local Production
Ghana is taking a major step to reduce its $2 billion annual palm oil import bill with the introduction of…
High Interest Rates Bite Nigerian Corporates: Paying More to Borrow Less in 2025
Nigeria’s largest listed companies are facing a costly paradox: they are paying sharply higher interest on loans even as they…
U.S. Inflation Slows in July as Markets Rally and Fed Rate Cuts Loom
U.S. consumer prices rose less than expected in July, easing fears of a sharp inflation spike from recent tariff hikes.…
Nigeria’s Inflation Projected to Ease to 21.34% in July as Harvest Season Boosts Food Supply
Nigeria’s inflation rate is expected to ease further in July, driven by the start of the harvest season and stable…
Global Stocks Hit Record High as Soft Inflation Fuels Fed Rate Cut Hopes
Global equity markets surged to record levels on Wednesday, buoyed by softer-than-expected U.S. inflation data and growing confidence in a…
Nigeria Foreign Exchange Reserves Rise 9.4% to $40.29bn in August 2025 — Strongest Since January
Nigeria’s foreign exchange reserves have climbed to their highest level since January, reaching $40.29 billion as of August 8, 2025,…
Ghana Agriculture Funding 2025: GHS 2.9 Billion Investment to Boost Food Security and Cut Imports
Ghana’s agriculture sector is poised for a major uplift in 2025 following a joint commitment of GHS 2.9 billion from…
Nigeria Earns N5.21tn from Oil Sales in H1 2025, Faces Revenue Target Pressure Amid Industry Warnings
The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), generated N5.21 trillion from crude oil, gas…
Yuan weakens to 7.1405 against the dollar
The Chinese yuan weakened to 7.1405 against the US dollar on Monday, marking a 23-pip drop from the previous trading…
Nigeria’s High-Yield Market Lures Record Foreign Portfolio Inflows, but FDI Remains Weak
The National Bureau of Statistics (NBS) has reported that Nigeria attracted $5.64 billion in capital inflows in Q1 2025, marking…
US, China Extend Tariff Truce by 90 Days, Avoiding Massive Duty Hikes
The United States and China have agreed to extend their tariff truce for another 90 days, averting a steep escalation…
CFG Advisory Urges CBN to Cut Rates, Target Inflation, and Drive Growth Amid High Debt
CFG Advisory has called on the Central Bank of Nigeria (CBN) to reduce its benchmark interest rate and immediately begin…
Soaring Cash Demand Squeezes Nigerian Banks Amid Tight Liquidity, Rising Interest Rates
Nigeria’s banking sector is facing mounting liquidity pressure as a surge in cash demand from both government and private players…
Nigeria’s Forex Reserves Surge to $40.16bn on Tinubu’s Bold Economic Reforms — Presidency
Nigeria’s foreign exchange reserves have risen to $40.159 billion as of August 7, 2025, from $37.195 billion a month earlier,…
World Bank Approves $8.4bn Loans to Nigeria in Two Years, Sparking Debt Sustainability Concerns
The World Bank has approved a total of $8.40 billion (N12.89 trillion) in fresh loans to Nigeria between June 2023…
Ghana’s T-Bill Auction Undersubscribed by 22% as Falling Yields Dampen Investor Appetite
Ghana’s latest Treasury bill auction closed with a 22.12% undersubscription, breaking a three-week streak of oversubscriptions. The Bank of Ghana…
Treasury Yields Climb as Tariff Impact and Fed Leadership Shift Stir Investor Caution
U.S. Treasury yields rose on Friday as investors digested the implications of new tariffs and awaited key inflation data. The…
Nigeria’s Non-Oil Exports Surge 19.6% to $3.23bn in H1 2025 – NEPC
Nigeria’s non-oil exports reached $3.225 billion in the first half of 2025, reflecting a 19.59% increase compared to $2.696 billion…
Naira Shows Mixed Performance Amid Strong Forex Demand, CBN Actions Boost Market Stability
The Nigerian naira experienced a mixed performance last week, with marginal gains in the official market but losses in the…