Bank of Ghana Assures Traders of Forex Availability Amid Access Complaints
The Bank of Ghana (BoG) has responded to growing concerns within the business sector, particularly from the Ghana Union of…
Category: Macroeconomic
Cardoso Warns of Inflation Spike Amid Record FAAC Liquidity Surge
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has raised an alarm over the surge in banking…
NGX Raises Over N4.63 Trillion in H1 2025 as Investor Confidence Surges
In the first half of 2025, the Nigerian Exchange (NGX) raised over N4.63 trillion through corporate and sovereign instruments, marking…
Increase in import volume affecting Nigeria’s currency — Prof Opara
Professor Kennedy Opara, former Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC) and current Chairman of CSSP Farm, has…
European Markets Fall as Trump-Powell Tensions Rattle Global Investors
European stocks closed lower on Wednesday following rising political tension in the U.S., where a White House official claimed President…
Experts Raise Alarm Over Nigeria’s Heavy Dependence on China for Imports
Nigeria’s growing reliance on China as its primary import partner has triggered concern among financial analysts and economists. Speaking at…
Ghana’s Producer Price Inflation Drops to 5.9% in June — Lowest Since November 2023
Ghana’s Producer Price Inflation (PPI) dropped sharply to 5.9% in June 2025, its lowest level since November 2023, according to…
Mobile-Phone Technology Fuels Financial Inclusion Boom in Nigeria and Developing Countries – World Bank
A new report by the World Bank Group has revealed a significant surge in financial account usage and formal savings…
Nigeria’s Inflation Rate Eases to 22.22% in June 2025 Amid Food Price Adjustments
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate to 22.22% in June 2025,…
Naira Strengthens to ₦1,537/$ on Black Market, FX Gap Narrows to ₦7
The Nigerian naira appreciated further in the parallel (black) market on Wednesday, strengthening to ₦1,537 per US dollar. This marks…
CBN Injects $4.1bn to Stabilise Naira Amid Reserves Decline, Analysts Warn of Sustainability Risks
In the first half of 2025, the Central Bank of Nigeria (CBN) injected $4.1 billion into the foreign exchange market,…
Traders Maintain Bets on September Fed Rate Cut Despite June Inflation Rise
Traders are holding steady on their expectations that the Federal Reserve will begin cutting short-term interest rates by September, even…
Tougher Global Immigration Rules Jeopardize Nigeria’s $1bn Diaspora Remittance Ambition
The Central Bank of Nigeria (CBN) is facing mounting challenges in its push to secure $1 billion in monthly diaspora…
BudgIT Ghana Rolls Out Simplified 2025 Budget to Empower Citizens and Strengthen Accountability
BudgIT Ghana has officially launched its Simplified 2025 Budget Statement, reaffirming its commitment to promoting fiscal transparency and participatory governance.…
Banks Bite the Bullet as N156bn Impairment Charges Hit Q1 2025 Earnings
Eight Nigerian banks posted a total of N156bn in impairment charges on credit and financial assets during Q1 2025, reflecting…
Trump’s 30% Tariff on EU Goods Shakes Markets, Fuels Economic Uncertainty
European markets opened lower on Monday after U.S. President Donald Trump unexpectedly announced a 30% tariff on all EU imports,…
Nigeria’s June Inflation Seen Easing Slightly, but Food Prices and Festive Spending Pose Risks
Financial experts anticipate a modest decline in Nigeria’s headline inflation for June 2025, following a rate of 22.97% in May.…
Markets Unmoved by Trump Tariff Threats, but Bond Investors Show Caution
European markets appeared largely indifferent to Donald Trump’s latest threat to impose 30% tariffs on EU and Mexican imports starting…
Deposit Confidence Soars as Ghana’s Savings and Loans Sector Records 30.6% Asset Growth
Ghana’s savings and loans sector is experiencing a surge in public confidence, highlighted by a significant 39.4% year-on-year rise in…
Global Stocks Rally on AI Boom and Rate Cut Hopes, Shrug Off Trump’s New Tariff Threats
Global stock markets continued their upward climb on Thursday, fueled by mounting optimism over artificial intelligence (AI) advancements and expectations…
Ghana Receives $367M IMF Tranche to Bolster Economy, Stabilise Cedi
Ghana has officially received a $367 million disbursement from the International Monetary Fund (IMF), marking the fifth tranche of its…
Nigeria’s Economy Expands for 6th Straight Month as Agriculture Leads Growth – CBN Warns of Rising Cost Pressures
Nigeria’s economy has recorded its sixth consecutive month of expansion, according to the June 2025 Purchasing Managers’ Index (PMI) released…
Nigeria’s Foreign Reserves Projected to Reach $41bn by Year-End Amid Naira Gains
Nigeria’s external reserves could reach $41 billion by the end of 2025, driven by the continued appreciation of the naira…
Nigeria’s Impending GDP Rebasing: A Bigger Economy, But for Whose Benefit?
The National Bureau of Statistics (NBS) is set to release Nigeria’s long-overdue rebased Gross Domestic Product (GDP) figures, updating the…
Investors Brace for First Earnings Season Under Trump Tariffs Amid Dollar Drop and Uncertainty
U.S. companies are preparing to report second-quarter earnings as markets weigh the effects of President Donald Trump’s newly launched tariff…
Tinubu, Atiku’s Aides Clash Over State of Nigerian Economy
In a heated exchange over Nigeria’s economic direction, senior presidential aide Bayo Onanuga and Atiku Abubakar’s media aide Phrank Shaibu…
U.S. Treasury Yields Dip as Trump Ramps Up Tariff Tensions with 14 Nations
U.S. Treasury yields fell on Wednesday morning as investors closely watched the latest developments on trade policy after President Donald…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023, according to…
Boosting Agricultural Investment Key to Fighting Nigeria’s Inflation – Economist Oluwole
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized that Nigeria’s…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy Shifts Also in Focus
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade deal announcements. The Stoxx…