India Stays Calm Amid U.S. Trade Deadline Pressure, Leveraging Strategic Partnerships
As the August 1 deadline for a U.S.-India trade deal approaches—after which tariffs are set to rise to 26%, India…
Category: Macroeconomic
Nigeria Holds Key Rate as FX Gains, Inflation Moderates, and Investor Confidence Grows
In a bid to sustain recent gains in price stability and foreign exchange (FX) market calm, the Central Bank of…
U.S. and EU Strike 15% Tariff Deal, Sidestepping Trade War
In high stakes move that prevented a looming transatlantic trade war, the U.S. and European Union reached a framework deal…
Stocks Rally and Euro Holds Steady Following US-EU Trade Deal Amid Key Global Economic Events
Global markets responded positively on Monday after the United States and the European Union reached a framework trade agreement that…
Fitch Maintains ‘Stable’ Outlook for Kogi and Oyo, Cautions on Heavy Federal Dependence
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of both Kogi and Oyo States at ‘B’ with a…
Record N4.2tn FAAC Allocation: Economic Lifeline or Inflationary Time Bomb?
Nigeria’s Federation Account Allocation Committee (FAAC) disbursed a record N1.82 trillion in June, bringing the three-month windfall to N4.2 trillion…
Asian Stocks Slip, Dollar Rises Ahead of Tariff Deadline and Global Central Bank Decisions
Asian stock markets eased on Friday as investors took profits after recent gains, with Japan’s market retreating slightly from record…
World Bank Partners with Nigeria on Landmark 90,000km Fiber Optic Project to Boost Broadband Access
The World Bank has announced a major partnership with the Nigerian government to roll out a nationwide 90,000-kilometer fiber optic…
Nigeria’s Trade Slows Amid Rising Costs, Weak Demand
Nigeria’s trade sector experienced a marginal decline in its contribution to GDP in the first quarter of 2025, despite recording…
Ghana Restores Economic Confidence in Under 200 Days – Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has declared that the government has successfully restored economic confidence within just…
10-Year Treasury Yields Inch Up as Trump Visits Fed, Heightening Rate-Cut Pressure
The yield on the 10-year U.S. Treasury ticked up slightly early Thursday, rising 1 basis point to 4.4%, as financial…
Nigerian Banks Close 29.4 Million Accounts Amid NIN-BVN Compliance Push; 33 Million Now Inactive
As of March 2025, Nigerian commercial banks recorded 29.4 million closed bank accounts, reflecting an aggressive cleanup of questionable accounts…
Nigeria’s Financial System Stable, Reforms Here to Stay — CBN Governor Cardoso Reassures Investors
Reassurance Amid Global Uncertainty:Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has affirmed the stability and resilience of…
Naira Could Strengthen to ₦1,400/$ by Year-End Amid Eurobond Hopes, Oil Rally, and FX Reforms
Nigeria’s currency, the naira, is projected to appreciate to ₦1,400 per dollar in the second half of 2025, according to…
Nigeria Needs 7% Annual Growth to Lift Poor, Says Finance Minister
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the country must sustain a minimum…
Japan Confirms Forex Excluded from US Trade Deal, Eases Yen Pressure Concerns
Japanese Finance Minister Katsunobu Kato announced that the recent bilateral trade agreement between Japan and the United States does not…
Global Stocks Rally as U.S.-Japan Auto Trade Deal Sparks Market Optimism
Global stock markets surged following a breakthrough trade agreement between the United States and Japan, which saw reduced tariffs on…
10-Year Treasury Yields Slip as Markets Brace for Fed Decision Amid Trump-Powell Tension
The yield on the 10-year U.S. Treasury note eased slightly on Tuesday, falling over two basis points to 4.342%, as…
Debt-to-GDP ratio drops to 39.4% after GDP rebasing
Nigeria’s public debt-to-GDP ratio has dropped to 39.4% in Q1 2025, following the rebasing of the country’s Gross Domestic Product…
NGX Set to Break Turnover Records in 2025 as Foreign Investment and Retail Participation Surge
The Nigerian Exchange (NGX) is on track for a record-breaking year in 2025, with a turnover of ₦694 billion posted…
Ghana Cedi at 60: Citizens Express Doubts Despite 2025 Gains
Marking its 60th anniversary in 2025, the Ghana Cedi stands as a symbol of Ghana’s economic independence since replacing the…
Naira Slips to ₦1,532.34/$ Despite CBN Efforts Amid FX Market Volatility
The Nigerian naira closed the week of July 21st, 2025, weaker against the US dollar, depreciating by 0.14% to ₦1,532.34/$…
Tariff hike: US rules out hasty trade deals
The United States has made it clear that it will not rush into finalizing trade agreements ahead of the looming…
Nigeria’s Rebased GDP Hits ₦372.82 Trillion Amid Worsening Poverty, Public Discontent
Economic Growth Through RebasingThe National Bureau of Statistics (NBS) has rebased Nigeria’s Gross Domestic Product (GDP), shifting the base year…
High Interest Rates Now Nigeria’s Top Business Concern — CBN Survey Finds
According to the Central Bank of Nigeria’s (CBN) June 2025 Business Expectations Survey, high interest rates have become the most…
US Imports $1.34 Billion Nigerian Crude Despite Tariffs, but Trade Surplus Turns Negative
Despite a wave of protectionist trade measures from the U.S., Nigeria remained America’s top African crude oil supplier between January…
Analysts Warn of Inflation Resurgence Despite 3-Month Decline
Nigeria’s headline inflation has eased for the third consecutive month, declining to 22.22% in June 2025 from 22.97% in May.…
Yen Holds Steady as Japan Navigates Political Shake-Up, Global Markets Eye Trade Tensions and Tech Earnings
Japan’s financial markets showed only mild reactions following a political shift in the country’s upper house elections. Despite the ruling…
Nigeria’s FX Reserves Climb $422m as CBN Boosts Market Intervention and Investor Confidence
Nigeria’s foreign exchange (FX) reserves grew by $422.16 million last week, bringing the total to $37.85 billion as of July…
China Holds Lending Rates Steady Amid Slowing Growth and Weak Consumer Demand
China’s central bank, the People’s Bank of China (PBOC), maintained its key lending rates on Monday, keeping the 1-year loan…