Nigeria’s Economy Grows 3.7% in First Half of 2025 Amid Oil Boost and Business Expansion
Nigeria’s economy experienced a 3.7% year-on-year growth in the first half of 2025, according to the Stanbic IBTC Bank Nigeria…
Category: Macroeconomic
Middle East Tensions Threaten Ghana’s Economic Stability – Terkper Warns
Seth Terkper, Economic Policy Advisor at the Office of the President, has issued a caution regarding the potential fallout of…
Ghana Makes Debt Deal Strides as Finance Minister Concludes Landmark China Talks
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a significant breakthrough in the…
Nigerian Crude Falls Below $70 as Global Oil Market Faces Oversupply Fears
Crude oil prices for Nigeria’s main export grades—Bonny Light, Brass River, and Qua Iboe—have fallen below $70 a barrel, returning…
Nigeria’s Money Supply Contracts Again Amid Monetary Tightening
Nigeria’s broad money supply (M3) experienced a second monthly decline in 2025, falling by N292.75 billion or 0.25% to N119.01…
Iran-Israel Conflict Poses New Threats and Opportunities for Nigeria’s Fragile Economy
The escalating conflict between Israel and Iran is reshaping global economic dynamics, with ripple effects reaching even distant economies like…
FG Spends N611.7bn in March on Domestic Dollar Bond Repayment – DMO
The Federal Government of Nigeria spent N611.71 billion in March 2025 to service its first-ever domestic US dollar-denominated bond, according…
Nigeria Records $3.73bn Current Account Surplus in Q1 2025, Driven by Non-Oil Export Growth
Nigeria posted a current account surplus of $3.73 billion in Q1 2025, according to the Central Bank of Nigeria (CBN),…
World Bank Approves $65m Additional Loan to Boost Nigeria’s Procurement Reform
The World Bank has approved an additional $65 million credit facility for Nigeria, bringing total funding under the Sustainable Procurement,…
Nigeria’s Promissory Notes Drop by 15.6% Amid Rising Debt Pressures
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt Management Office (DMO).…
CBN Reports $3.73bn Current Account Surplus in Q1 2025, Boosted by Non-Oil Exports and Trade Gains
Nigeria recorded a current account surplus of $3.73 billion in Q1 2025, driven primarily by a sharp increase in non-oil…
Nigeria’s N149.39tn Public Debt Triggers Alarms Over Sustainability and State-Level Exposure
Nigeria’s public debt surged to ₦149.39 trillion as of March 31, 2025, sparking serious concerns from experts over debt sustainability,…
Treasury Yields Dip as Trump’s $3.9 Trillion Spending Bill Awaits Senate Decision
U.S. Treasury yields edged lower on Monday morning as market participants closely watched developments surrounding President Donald Trump’s proposed spending…
Global Central Bankers Face Rising Questions on Dollar Dominance at Sintra Summit
Top central bankers from the U.S., euro zone, Japan, Britain, and South Korea are gathering in Sintra, Portugal, for the…
Parliament Urges Bank of Ghana to Safeguard Cedi Gains Amid Global Trade Dynamics
The Trade, Industry and Tourism Committee of Ghana’s Parliament has urged the Bank of Ghana (BoG) to intensify its monitoring…
Bullish Momentum Persists in Nigerian Bond Market as Yields Drop to 18.38%
Nigeria’s bond market extended its bullish streak last week as investors continued to show strong demand for government debt securities.…
Cardoso Stresses Institutional Resilience as Foundation for Africa’s Economic Growth
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central Bank of…
Africa Received $95 Billion in 2024 Remittances as Nigeria, Egypt Lead Inflows – AFC Report
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment (FDI) for the continent…
Investors Brace for Summer Market Volatility Amid Geopolitical and Trade Risks
As summer trading volumes typically thin out, global investors are preparing defensively against a potential market downturn similar to August…
CBN Blames Governors and Lawsuits for Delay in N85bn Healthcare Project Across 774 LGAs
The Central Bank of Nigeria (CBN) has attributed the delay in completing a nationwide healthcare project to pending litigations instigated…
Over 90% of Nigeria’s Dollar Liquidity Is Off the Books, Say BDC Operators
Bureau De Change (BDC) operators in Nigeria have revealed that more than 90% of the country’s foreign exchange (forex) liquidity…
Asia Stocks Rise, Dollar Slips as Israel-Iran Ceasefire Boosts Market Optimism
Asian stock markets inched upward on Wednesday following a tentative ceasefire between Israel and Iran, restoring some investor confidence and…
Ghana Launches Labour Export Planning Committee to Boost Global Workforce Strategy
Ghana has inaugurated a National Planning Committee for the Ghana Labour Exchange Program (GLEP), marking a strategic push toward structured…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months – Finance Minister Edun
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40% increase compared to the…
Global Central Banks Shift Reserves from Dollar to Gold, Euro, and Yuan Amid Geopolitical Tensions
Central banks managing a collective $5 trillion in reserves are planning a strategic move away from the U.S. dollar, increasingly…
Global Markets Rally as Iran-Israel Ceasefire Eases Tensions; Oil Prices Plunge
Global financial markets responded strongly to news of a ceasefire between Iran and Israel, as confirmed by U.S. President Donald…
Dollar Surge May Be Short-Lived Amid U.S.-Iran Tensions, Analysts Warn
The U.S. dollar saw a short-term boost in global markets early Monday following military strikes by the U.S. on Iran,…
Petrol Prices Surge Past ₦950/Litre in Nigeria Amid Global Tensions, Naira Slide
Petrol prices across Nigeria climbed steeply on Monday, with pump prices in major cities like Abuja and Lagos now ranging…
Trump Urges Major Rate Cuts Ahead of Powell’s Testimony, Ties Fed Policy to Inflation and Tariffs
Former U.S. President Donald Trump has renewed his call for significant interest rate cuts, suggesting that rates should be lowered…
Nigeria’s Tax Harmonisation Plan to Curb Food Inflation, Boost Agricultural Transport
The Chartered Institute of Taxation of Nigeria (CITN) has applauded a recent resolution by Nigerian state governors to harmonise transportation…