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 ₦1,547/$ from ₦1,549/$,…
Category: Macroeconomic
Oil Prices Could Soar to $150 as Iran Approves Strait of Hormuz Closure Amid Rising Tensions
In a bold geopolitical move, Iran’s parliament has approved the closure of the Strait of Hormuz, a narrow but essential…
Global Equity Funds See Largest Outflows in Three Months Amid Middle East Tensions, U.S. Trade Uncertainty
Global equity funds experienced significant withdrawals totaling $19.82 billion in the week ending June 18, marking the largest outflow in three months, according…
Bank of Ghana to Overhaul Reference Rate in Drive for 10% Lending Target
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts…
China Likely to Hold Lending Rates Steady Amid Trade Truce and Recent Easing Measures
China is expected to keep its key lending rates unchanged during its upcoming monthly review, following significant monetary easing measures…
Senate Demands Explanation from NNPCL Over Missing N210 Trillion in Financial Records
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to explain discrepancies totaling…
FAAC Distributes N1.65 Trillion in May Amid Boost in VAT and Oil Derivation Funds
In May 2025, the Federation Account Allocation Committee (FAAC) disbursed N1.65 trillion to Nigeria’s federal, state, and local governments. This…
Japan Cuts Super-Long Bond Sales by 10% to Stabilize Market Amid Rising Yields
In a significant shift to its fiscal strategy, the Japanese government plans to cut sales of its super-long bonds by…
BoG Maintains Flexible Exchange Rate Policy, Rejects Fixed Band Approach, Governor Asiama-Ghana
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stated that the central bank is not targeting a…
Naira Strengthens Below N1,600/$ 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 to trade between N1,585…
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 Governor Pan Gongsheng advocating for…
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, fueling fears of…
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 fifth day. The ongoing…
Edun, Cardoso Strategize as Nigeria’s Inflation Drops to 22.97%
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Central Bank Governor Yemi Cardoso on…
World Bank Warns of Alarming Drop in FDI to Developing Nations, Hits Lowest Level Since 2005
Foreign direct investment (FDI) into developing economies has plummeted to its lowest point in nearly two decades, according to a…
Emerging Market Bonds Surge as Weaker Dollar Revives Investor Appetite
A sharp decline in the U.S. dollar is breathing new life into emerging market (EM) local currency debt, an asset…
Breaking: Markets Steady Amid Rising Israel-Iran Tensions and Global Economic Crosswinds
Despite a dramatic escalation in the Israel-Iran conflict over the weekend, global markets opened the week on a surprisingly calm…
U.S. Futures Edge Up Amid Mideast Tensions and Fed Rate Speculation
U.S. stock futures showed modest gains on Monday, rebounding slightly after last week’s sharp losses driven by escalating conflict between…
Investors Ditch Long-Term US Bonds Amid Diminished Hopes for Aggressive Fed Cuts
Investors are turning away from long-term U.S. Treasury bonds as expectations for significant Federal Reserve interest rate cuts fade. Many…
Ibukun Awosika Unveils African Marketplace Dubai 2025 to Boost Global Trade for African, Caribbean SMEs
In a bold move to showcase Africa and the Caribbean’s finest export-ready businesses, Ibukun Awosika has announced the launch of…
Macroeconomic Stability, Investor Confidence Fuel Nigerian Stock Market Surge — CIS
The President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has attributed the recent…
U.S. Treasury Yields Inch Up Amid Israel-Iran Tensions and Oil Price Surge
U.S. Treasury yields nudged higher on Monday as global markets remained jittery over the intensifying conflict between Israel and Iran.…
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 prices climbing to…
Inflation Data and Treasury Auctions to Test Bond Market Resilience Amid Growing Deficit Worries
This week marks a pivotal moment for the U.S. bond market as it braces for key inflation data releases and…
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 majority of players…
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 Chinese officials reached…
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 on a trade…
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 entrepreneurship, with potential spanning sectors…
National Assembly Eyes Extension of 2024 Capital Budget, Pushes June 12 as National Address Day
The National Assembly is considering a further extension of the capital expenditure component of the 2024 federal budget to ensure…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over Sovereign Debt Risk
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a negative outlook to the…