Australia Holds Interest Rate Steady at 3.85% Amid Inflation Uncertainty
In a surprise move, the Reserve Bank of Australia (RBA) kept its policy interest rate unchanged at 3.85% on Tuesday,…
Category: Macroeconomic
European Markets Stall as Trump’s Tariff Threats Stir Global Trade Uncertainty
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff threats from U.S. President…
China Warns Trump Against Tariff Hikes, Threatens Retaliation on Supply Chain Deals
In a sharp warning to former U.S. President Donald Trump, China on Tuesday cautioned against reigniting trade tensions by reinstating…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank, and Stanbic IBTC—are under pressure to…
Trump Slaps Nigeria With 10% Tariff Over BRICS Ties Amid Growing Global Trade Tensions
U.S. President Donald Trump has announced a 10% tariff on Nigeria in response to the country’s recent alignment with BRICS,…
Ghana Secures $370M IMF Boost After Fourth Review Approval
Ghana has received a significant financial boost as the International Monetary Fund (IMF) approved the country’s fourth review under the…
Global Markets Stay Resilient Despite Trump’s Looming Tariff Hike
Global financial markets have shown surprising calm ahead of U.S. President Donald Trump’s Wednesday tariff deadline, brushing off concerns that…
10-Year Treasury Yields Rise as Trump Delays Tariff Reinstatement, Threatens New Trade Measures
The yield on the U.S. 10-year Treasury rose on Monday as global markets reacted to President Donald Trump’s announcement that…
Trump Intensifies Trade War with New Tariff Threats and BRICS Penalties
The ongoing U.S. trade war under President Donald Trump is heating up once again, as new tariff announcements and shifting…
Nigerian Stocks Set to Soar 32% in 2025 on Tax Cuts, FX Reforms – Report
With projections indicating a 32.2% return, according to CardinalStone Research’s 2025 Mid-Year Economic Outlook. The bullish forecast is underpinned by…
Half of African Currencies Weaken in May Despite Economic Reforms – Afreximbank Report
Nearly half of Africa’s currencies depreciated in May 2025, revealing a mixed macroeconomic picture across the continent, according to the…
Oyo State, FCMB Launch ₦1.5bn Agribusiness Fund to Empower 1,000 Youths
The Oyo State Government has unveiled a ₦1.5 billion empowerment scheme in partnership with First City Monument Bank (FCMB) to…
Naira Holds at ₦2,200/£ Despite Weakened British Pound Amid UK Economic Concerns
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£ on the parallel…
IMF Urges Fiscal Discipline to Bolster CBN’s Inflation Fight and Support Naira Stability
The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s (CBN) stringent monetary policy, stating that tighter fiscal…
Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business confidence, and…
Global Stocks Hit Record Highs Ahead of U.S. Jobs Data; UK Bonds Stabilize After Turmoil
Global stock markets surged to record highs on Thursday, buoyed by optimism ahead of the closely watched U.S. payrolls report…
Treasury Yields Dip Ahead of June Jobs Report as Markets Watch Trump’s Spending Bill
U.S. Treasury yields edged lower on Thursday morning as investors awaited the release of the June nonfarm payrolls report, a…
Ghana’s Inflation Drops to 13.7% in June, Marking Six-Month Decline
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service…
IMF Urges Nigeria to Rework 2025 Budget Amid Oil Price, Inflation Concerns
The International Monetary Fund (IMF) has advised the Nigerian government to revise its proposed 2025 budget of N54.99 trillion, citing…
Investors Brace for Volatile Weeks as Global Risk Events Loom
Global investors are preparing for a period of heightened market volatility triggered by a series of unpredictable political and economic…
Nigeria Calls for Overhaul of Global Financial System to Support Developing Nations
At the 4th International Conference on Financing for Development (FFD4) held in Sevilla, Spain, Nigeria’s Minister of Finance and Coordinating…
Nigerian Stock Market Surges by N379bn Amid Renewed Investor Optimism
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market capitalisation, thanks to heightened investor…
Ghana Optimistic Ahead of IMF Board Review, Eyes $370 Million Disbursement to Boost Economy
The Ghanaian government is cautiously optimistic about passing the International Monetary Fund’s (IMF) upcoming Executive Board review of the country’s…
Nigeria’s Public Debt Climbs to N149.39 Trillion in Q1 2025, FGN Bonds Dominate Domestic Obligations
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72…
Nigeria Pushes for Digital Sovereignty with MTN’s $150M Dabengwa Data Centre Launch
The Federal Government of Nigeria has thrown its full support behind local cloud hosting and digital infrastructure development with the…
Gambia Embraces Nigeria’s NAICOM Framework to Bolster Insurance Regulation
A high-level delegation from the Central Bank of The Gambia, led by Nyang Medeleine Gomez, has adopted Nigeria’s National Insurance…
Tariffs Keep U.S. Interest Rates Elevated as Markets Adjust to Trump’s Economic Agenda
U.S. Federal Reserve Chair Jerome Powell revealed that tariffs enacted by President Donald Trump are the primary reason interest rates…
Naira Strengthens as Dollar Weakens Globally Amid Economic Shifts
The Nigerian naira appreciated modestly in the official foreign exchange market, closing at N1,527 to the US dollar, up from…
Global Markets Hold Steady Amid Tariff Tensions and Uncertain U.S. Rate Policy
Global markets remained cautious as investors weighed developments in U.S. fiscal policy and looming trade uncertainties. Despite the U.S. Senate…
Ghanaians Face Price Surge as GRA Implements New Tax Measures
The Ghana Revenue Authority (GRA) has begun enforcing a set of new tax policies from July 1, 2025, prompting concerns…