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 efforts to stabilize Nigeria’s…
Category: Macroeconomic
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import Surge
Nigeria’s foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62% month-on-month to reach…
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 of the African Growth and…
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 closely…
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 on…
Nigerian Businesses Cautious Amid Optimism as Interest Rate Hike Looms — CBN Survey
A recent survey by the Central Bank of Nigeria (CBN) reveals a mixed economic sentiment among businesses across the country,…
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 data. The latest report…
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 the European Central Bank…
GH¢1 Fuel Levy Sparks Concern Over Economic Recovery Amid Calls for Strategic Collaboration-Ghana
Businesses in Ghana have expressed serious concerns about the recent GH¢1 per litre fuel levy, warning that its timing could…
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 disappointing economic reports. The…
Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling Transport Costs
Ghana’s annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s 21.2%. This development…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary Policy
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward trajectory…
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 President Donald Trump, branding it…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply; Industry Faces Major Shakeup
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10 percent of the approximately…
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 according to the…
Global Markets Waver as Trade Uncertainty and Economic Data Weigh on Investor Confidence
Global markets showed signs of caution on Tuesday as European shares and U.S. stock futures declined, reflecting investor anxiety over…
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity Boom, and Economic Reforms
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50% against the US dollar.…
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 debt owed to electricity generation…
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 the country’s external and…
Nigeria’s Money Supply Hits N119 Trillion as CBN Pauses Rate Hikes Amid Liquidity Surge
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, marking a 22.9% increase from the…
Tinubu Hails Economic Reforms as Debt Service Drops, State Revenues Surge to N6 Trillion
In a speech marking his second year in office, President Bola Tinubu highlighted significant economic gains achieved through his administration’s…
AfDB Warns of $39.84 Billion Drop in Africa’s Foreign Funding by 2025 Amid Global Aid Cuts
The African Development Bank (AfDB) has projected a significant drop of $39.84 billion in foreign funding to Africa by 2025,…
Nigeria’s Public Debt Could Surge to N800,000 Per Citizen Amid New $21.5 Billion Borrowing Request
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5 billion in…
Rising Power Demand Drives Urgent Calls for Grid Upgrades and Efficiency Reforms in Ghana
Ghana’s electricity consumption rose sharply in 2024, reaching 13,098 GWh, up from 12,390 GWh in 2023, according to the 2025…
Forex Market Reforms Restore Investor Confidence in Nigerian Economy
The liberalisation of Nigeria’s foreign exchange (forex) market has restored investor confidence and stabilised the exchange rate, addressing long-standing volatility…
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Amid Mounting Debt and Credit Woes
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points, primarily due…
Tinubu’s New Borrowing Plan Pushes Nigeria’s Debt to N183 Trillion Amid Economic Strains
President Bola Tinubu has proposed a fresh borrowing plan that will increase Nigeria’s total public debt from nearly ₦145 trillion…
Ghana Poised for Economic Growth Beyond IMF Support – Deputy Finance Minister
Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government’s determination to guide Ghana’s economy toward sustainable growth without further…
Tinubu seeks Reps approval for $21.5bn external loan, N757.9bn bond
President Bola Tinubu has formally requested the Nigerian House of Representatives to approve a comprehensive borrowing plan totaling over $21.5…