Browsing Category
Macroeconomic
Global Trade Rattled as Israel-Iran Conflict Drives Oil Prices and Inflation Surge
The renewed hostilities between Israel and Iran have ignited fresh concerns across global energy markets, with oil…
Inflation Data and Treasury Auctions to Test Bond Market Resilience Amid Growing…
This week marks a pivotal moment for the U.S. bond market as it braces for key inflation data releases and two…
Recapitalization Deadline: BDCs In Talks With CBN, Seek Extension To Dec 31
Following the expiration of the June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators, a…
Dollar Holds Steady as U.S.-China Trade Truce Offers Limited Certainty
The U.S. dollar and Chinese yuan remained largely unchanged following trade talks in London, where U.S. and…
Markets Wary Despite US-China Trade Framework as Investors Await Concrete Details
Global markets responded cautiously on Wednesday to the announcement that the United States and China had agreed…
EU Lauds Kano as Strategic Hub for Investment and Development in Nigeria
The European Union (EU) has acknowledged Kano State as a promising destination for investment and…
National Assembly Eyes Extension of 2024 Capital Budget, Pushes June 12 as…
The National Assembly is considering a further extension of the capital expenditure component of the 2024 federal…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over…
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a…
Tinubu stabilising Nigeria’s economy…he deserves encouragement – Fayose
Former Ekiti State Governor Ayodele Fayose has voiced his support for President Bola Tinubu, commending his…
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import…
Nigeria's foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62%…
Ghana Urges AGOA Renewal as U.S. Tariffs Threaten African Exports
Ghana’s Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has called for the urgent renewal…
U.S. and China Resume High-Stakes Trade Talks in London Amid Rare Earths Dispute
U.S. and Chinese officials reconvened in London on Tuesday for a second day of trade talks, with global markets…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards…
Nigerian Businesses Cautious Amid Optimism as Interest Rate Hike Looms — CBN…
A recent survey by the Central Bank of Nigeria (CBN) reveals a mixed economic sentiment among businesses across…
Dollar Edges Up Amid Weak U.S. Data; Euro Holds Steady Before ECB Decision
The U.S. dollar showed modest gains on Wednesday, recovering from earlier losses caused by disappointing economic…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from…
GH¢1 Fuel Levy Sparks Concern Over Economic Recovery Amid Calls for Strategic…
Businesses in Ghana have expressed serious concerns about the recent GH¢1 per litre fuel levy, warning that its…
Treasury Yields Stabilize After Sharp Drop on Weak U.S. Economic Data
U.S. Treasury yields steadied on Thursday following steep declines on Wednesday triggered by a series of…
Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling…
Ghana's annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary…
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward…
Musk Slams Trump’s “Abomination” Spending Bill, Sparks GOP Rift
Billionaire entrepreneur Elon Musk has fiercely criticized a sweeping tax and spending bill championed by…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply;…
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10…
BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana
The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank…
FX Options Market Signals Growing Investor Bets on Further Dollar Weakness
The U.S. dollar, after experiencing a sharp decline earlier this year, is showing signs of further weakening…
Global Markets Waver as Trade Uncertainty and Economic Data Weigh on Investor…
Global markets showed signs of caution on Tuesday as European shares and U.S. stock futures declined, reflecting…
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity…
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50%…
Presidency Moves to Resolve N2 Trillion Power Debt Amid Sector Reforms
The Nigerian Presidency has initiated internal approval processes aimed at resolving the longstanding N2 trillion…
Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms
Moody’s Investors Service has upgraded Nigeria’s credit rating from “Caa1” to “B3”, citing meaningful strides in…
Nigeria’s Money Supply Hits N119 Trillion as CBN Pauses Rate Hikes Amid…
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, marking a 22.9% increase from…
Tinubu Hails Economic Reforms as Debt Service Drops, State Revenues Surge to N6…
In a speech marking his second year in office, President Bola Tinubu highlighted significant economic gains…