Browsing Category
Macroeconomic
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,…
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…
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…
Cardoso Stresses Institutional Resilience as Foundation for Africa’s Economic…
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central…
Africa Received $95 Billion in 2024 Remittances as Nigeria, Egypt Lead Inflows –…
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment…
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…
CBN Blames Governors and Lawsuits for Delay in N85bn Healthcare Project Across 774…
The Central Bank of Nigeria (CBN) has attributed the delay in completing a nationwide healthcare project to…
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…
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…
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…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months –…
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40%…
Global Central Banks Shift Reserves from Dollar to Gold, Euro, and Yuan Amid…
Central banks managing a collective $5 trillion in reserves are planning a strategic move away from the U.S.…
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.…
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…
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…
Trump Urges Major Rate Cuts Ahead of Powell’s Testimony, Ties Fed Policy to…
Former U.S. President Donald Trump has renewed his call for significant interest rate cuts, suggesting that rates…
Nigeria’s Tax Harmonisation Plan to Curb Food Inflation, Boost Agricultural…
The Chartered Institute of Taxation of Nigeria (CITN) has applauded a recent resolution by Nigerian state…
Naira Strengthens Amid CBN Intervention, FPI Inflows and Eased Inflation
The Nigerian naira appreciated slightly at the official foreign exchange window in the past week, moving to…
Oil Prices Could Soar to $150 as Iran Approves Strait of Hormuz Closure Amid…
In a bold geopolitical move, Iran’s parliament has approved the closure of the Strait of Hormuz, a narrow but…
Global Equity Funds See Largest Outflows in Three Months Amid Middle East…
Global equity funds experienced significant withdrawals totaling $19.82 billion in the week ending June…
Bank of Ghana to Overhaul Reference Rate in Drive for 10% Lending Target
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts…
China Likely to Hold Lending Rates Steady Amid Trade Truce and Recent Easing…
China is expected to keep its key lending rates unchanged during its upcoming monthly review, following…
Senate Demands Explanation from NNPCL Over Missing N210 Trillion in Financial…
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to…
FAAC Distributes N1.65 Trillion in May Amid Boost in VAT and Oil Derivation Funds
In May 2025, the Federation Account Allocation Committee (FAAC) disbursed N1.65 trillion to Nigeria’s federal,…
Japan Cuts Super-Long Bond Sales by 10% to Stabilize Market Amid Rising Yields
In a significant shift to its fiscal strategy, the Japanese government plans to cut sales of its super-long bonds…
BoG Maintains Flexible Exchange Rate Policy, Rejects Fixed Band Approach, Governor…
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stated that the central bank is not targeting a fixed…
Naira Strengthens Below N1,600/$ as U.S. Dollar Falters Amid Global Uncertainty
The Nigerian naira continued its strong performance in the parallel market, breaking the N1,600/$ resistance level…
China Pushes Digital Yuan and Multi-Polar Currency System Amid Global Shift
China’s central bank has reaffirmed its commitment to promoting the digital yuan (e-CNY) internationally, with…
Markets Wobble as Mideast Tensions Rise and Fed Decision Looms
Global markets remained on edge Wednesday as escalating conflict between Israel and Iran entered its sixth day,…
Wall Street Slips as Mideast Tensions and Fed Uncertainty Weigh on Markets
Wall Street futures declined on Tuesday amid growing investor caution as the Israel-Iran conflict entered its…