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Macroeconomic
NAICOM’s Reform Plans to Strengthen Nigeria’s $1 Trillion Economy
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin,…
Dangote Refinery Set to Reach Full Capacity in 30 Days, Boosting Nigeria’s…
Nigeria’s Dangote Refinery, the largest in Africa, is set to operate at full capacity within the next 30 days, as…
CBN Facilitates $5.63 Billion in International Payments Amid Economic Challenges…
The Central Bank of Nigeria (CBN) facilitated $5.63 billion in international payments during the first nine months…
Ghana’s IMF Talks Focus on Tax Cuts, Energy Debt, and Fiscal Reforms for…
The ongoing discussions between the Ghanaian government and the International Monetary Fund (IMF), running from…
COMAC Demands Independent Audit of Gold-for-Oil Program Amid Financial…
The Chamber of Oil Marketing Companies (COMAC) is urging for an independent audit of the Bulk Energy Storage and…
Naira’s Strong Rally Disrupts FX Market Amid Dollar Sell-off and Reform…
The Nigerian naira has seen a notable appreciation, catching traders in the foreign exchange (FX) market…
Nigerian Stock Market Dips as Zenith Bank Leads Profit-Taking Activity
The Nigerian stock market opened the week on a mixed note, with the All-Share Index (ASI) declining by 0.04% due…
US-China Tariff Dispute Threatens to Worsen Nigeria’s Trade Deficit with…
The ongoing tariff war between the United States and China is predicted to negatively impact the Nigerian economy,…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the…
Nigeria’s Crude Oil Production Costs Spark Concerns as Expenditures Soar to…
Nigeria is facing growing concerns over the high cost of crude oil production, with industry experts warning that…
Trump says tariffs coming on steel and aluminium
President Donald Trump has revealed plans to impose a 25% tariff on all steel and aluminium entering the United…
Ghana Government rejects GHS 2.9bn in T-Bill offers
The Ghanaian government has rejected GHS 2.9 billion in Treasury bill bids following a significant…
IFC invests $50 million in Lagos Free Zone to boost Nigeria’s industrial growth
The International Finance Corporation (IFC) has pledged a $50 million equity investment in the Lagos Free Zone…
CBN Unveils New Inflation Targeting Framework to Tackle Economic Challenges
The Central Bank of Nigeria (CBN) has initiated a new phase in combating inflation, implementing an inflation…
Baxter: Nigeria-UK Trade Now £7.5bn, Bilateral Trade Priority for Both Countries
The trade volume between Nigeria and the United Kingdom has soared to £7.5 billion, as revealed by Jonny Baxter,…
Imported Inflation: Nigeria’s Struggle for Price Stability
Muhammad Abdullahi, a member of Nigeria's Central Bank Monetary Policy Committee (MPC), highlighted the challenges…
Naira Rebound: Investors favour 364-day bonds, Treasury Bills
As the Nigerian naira strengthens, there has been a surge in demand for long-term fixed-income instruments.…
Nigerian Manufacturers Face N666bn Cost Surge Amid Inflation and Economic…
In 2024, the cost of sales for 10 major manufacturing and consumer goods companies in Nigeria surged to N665.95bn,…
Equity market gains N884bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index climbing by 1.38% to…
Excessive govt spending undermining monetary policy – MPC member
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Murtala Sagagi, has raised…
Mahama Nominates Thomas Nyarko Ampem as Deputy Finance Minister-GHANA
In a significant move to strengthen the country’s economic management, President John Dramani Mahama has nominated…
Ghana National Gas Company Faces Growing Debt Crisis Amid VRA Payment Struggles
The Ghana National Gas Company Limited (GNGLC) is grappling with a deepening financial crisis, largely stemming…
FG plans new national shipping line
The Nigerian Ministry of Marine and Blue Economy has launched a strategic initiative to establish a national flag…
TTP Integrates CBN’s NXP System with Ètò Electronic Call-Up to Streamline…
Trucks Transit Parks Ltd (TTP) has announced the successful integration of the Central Bank of Nigeria’s (CBN)…
FG must bolster domestic industries to achieve $1trn economy –NESG
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to prioritize the support of local…
Edun Highlights Nigeria’s Economic Growth to Investors, Turkish Delegation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presented the country’s…
Tinubu Proposes N54.6 Trillion Budget for 2025: Implications for Nigeria’s Economy…
On February 6, 2025, President Bola Tinubu proposed a budget increase for Nigeria, raising the 2025 budget from…
Naira’s Parallel Market Approaches Official Exchange Rate Amid CBN Reforms
The Nigerian naira has been steadily appreciating in the parallel market, narrowing the gap with the official…
Trump’s Tariffs and Shale Oil Boom Pose Risks to Naira’s Recovery
Donald Trump’s imposition of strategic tariffs on imports from key trade partners, including China, Canada, and…
Six companies record N255bn FX loss
Six companies listed on the Nigerian Exchange Limited reported a combined foreign exchange (FX) loss of N255.72…