Global Stocks Edge Higher on Fed Policy Shift; Gold Surges Amid U.S. Tariffs on Bullion Imports
Global stock markets nudged higher on Friday as investors grew optimistic about potential interest rate cuts by the U.S. Federal…
Category: Macroeconomic
India and Brazil Bolster Economic Ties Amid Trump’s Tariff Escalation, Sparking BRICS Unity
India and Brazil are strengthening their bilateral economic cooperation in response to recent aggressive tariff measures imposed by the United…
Trump’s New Tariffs Take Effect, Impacting Global Trade and Nigeria’s Economy Amid Ongoing Ukraine War Diplomacy
President Donald Trump’s sweeping new tariffs officially began yesterday, marking the most significant U.S. increase in import taxes since the…
Nigeria’s Banks Attract $7 Billion in ‘Hot Money’ as Foreign Inflows Surge — Experts Warn of Economic Risks
In 2024, Nigeria’s banking sector saw an unprecedented influx of $7 billion from foreign investors, marking the highest capital inflow…
Nigeria to Launch Industrial Policy to Boost Manufacturing, Reduce Raw Material Exports
The Federal Government of Nigeria is finalizing a new comprehensive Nigerian Industrial Policy aimed at reducing the country’s heavy reliance…
Tinubu Approves Pension Hike and Free Healthcare for Low-Income Retirees
President Bola Tinubu has directed the immediate implementation of pension increases and free healthcare access for low-income retirees under the…
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and Weak Dollar
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion worth of dollar/yuan currency options in the…
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for Nigeria’s Top Palm Oil Firms
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a combined N329 billion in revenue in the first half…
Ghana’s Inflation Drops to 12.1% in July 2025, Lowest Since October 2021
Ghana’s headline inflation rate decreased to 12.1% in July 2025, marking the seventh straight month of decline and hitting the…
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy Uncertainty
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85% increase compared to…
Nigeria’s Capital Importation Surges 67% to $5.64 Billion in Q1 2025
Capital importation into Nigeria surged by 67.12% year-on-year in the first quarter of 2025, reaching $5.642 billion compared to $3.376…
BoG Slashes Policy Rate by 300bps to Spur Cheaper Lending and Boost Economic Recovery-Ghana
The Bank of Ghana (BoG) has implemented a historic monetary policy shift by cutting its benchmark policy rate by 300…
Tinubu Signs Landmark Insurance Reform Act to Drive $1 Trillion Economy Vision
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law, marking a significant milestone…
Naira Holds Firm Despite Dip in FX Inflows: Analysts Cite Strong Reserve Build-Up, Investor Sentiment
The Nigerian naira maintained its stability despite a recent decline in foreign exchange (FX) inflows, according to market data and…
Cedi Surge Sparks 50% Drop in Remittances, BoG Governor Reveals-Ghana
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the recent sharp appreciation of the Ghanaian…
Nigeria Becomes 4th Most Expensive Country to Borrow in Africa as Interest Rates Soar
Nigeria has emerged as the fourth most expensive country to borrow in Africa, according to a new report by Nairametrics…
Nigeria’s Economic Growth Slows in July 2025 as Manufacturing Suffers Historic Decline
Nigeria’s economic growth lost significant momentum in July 2025, with the manufacturing sector experiencing its steepest contraction on record. This…
IMF Upgrades Nigeria’s 2025 Growth Forecast Amid Easing Inflation, Currency Stability
The International Monetary Fund (IMF) has revised its 2025 economic growth forecast for Nigeria upward, projecting a 3.4% expansion—higher than…
Nigeria’s Business Confidence Climbs for Sixth Month in 2025; Manufacturing Sector Drives Economic Recovery
Nigeria’s Business Performance Index showed sustained growth for the sixth consecutive month in June 2025, reflecting growing confidence and resilience…
Trump Hits India with Steep Tariffs as New Delhi Holds Firm on Trade Deal
U.S. President Donald Trump announced 25% tariffs on imports from India alongside an unspecified penalty, aiming to pressure New Delhi…
FBNQuest Forecasts 3.4% GDP Growth for Nigeria in 2025, Naira to Weaken to N1,662/$
Analysts at FBNQuest Merchant Bank project that Nigeria’s economy will maintain its recovery in 2025, with real GDP expected to…
Banks Unlikely to Cut Lending Rates Despite BoG’s Aggressive Rate Slash – Economist-Ghana
Despite the Bank of Ghana’s (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent,…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst Downstream Sector Tensions
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS), commonly known as…
Nigerian Businesses Struggle with Credit Crunch Despite Rising Optimism — NESG-Stanbic Report
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery, according to the latest NESG-Stanbic…
US Tariff Hike Prompts Nigerian Insurance Sector to Strengthen Risk Management Amid Export Pressure
The Nigerian insurance industry has been advised to bolster its risk management frameworks in response to a 15% tariff imposed…
FG’s Forex Windfall Plummets 73% in H1 2025 Amid Exchange Rate Realignment
Nigeria’s federal government saw a sharp 73% decline in foreign exchange (FX) gains during the first half of 2025, dropping…
Farmers Reject Anchor Borrowers’ Scheme as CBN Ends Intervention Efforts
The Anchor Borrowers’ Programmer (ABP), introduced by the Central Bank of Nigeria (CBN) in 2015 to boost smallholder farmers’ access…
Trump Raises Nigerian Import Tariffs to 15% Amid Escalating Trade Disputes
U.S. President Donald Trump signed an executive order on July 31 increasing tariffs on Nigerian imports from 14 to 15…
Asian Markets Brace for Sharp Decline as US Tariffs Escalate Trade Tensions
Asian shares are on track for their worst weekly drop since April following the US government’s decision to impose steep…
Forex Access Challenges Persist Despite Cedi Gains — Ghana Importers and Exporters Sound Alarm
The Importers and Exporters Association of Ghana has expressed serious concern over ongoing difficulties in accessing foreign exchange (forex) through…