Browsing Category
Macroeconomic
Agriculture, Mining Fuel Investment Boom in Taraba Ahead of Taravest 2025
Taraba State is rapidly becoming a magnet for investment in Nigeria's North-East, with its rich agricultural base,…
Gencos Urge Urgent Meeting with Tinubu Over ₦4.7tn Power Sector Debt
Electricity generation companies (Gencos) are pressing for an immediate meeting with President Bola Tinubu over…
Nigeria Poised to Surpass IMF’s 3% Growth Forecast for 2025, Say Market Experts
Despite the International Monetary Fund (IMF) projecting Nigeria’s economy to grow by 3.0% in 2025—a slight…
FG Charts Path to 7% Economic Growth: EMT Strategizes Inclusive Reforms for…
The Federal Government has tasked the Economic Management Team (EMT) with designing a strategic roadmap aimed at…
Nigeria Joins Asian Infrastructure Investment Bank to Boost Growth,…
Nigeria has officially become a full member of the Asian Infrastructure Investment Bank (AIIB), following the…
Naira Strengthens to ₦1,600/$ in Parallel Market Amid Modest FX Gains
The Nigerian naira appreciated to ₦1,600 per U.S. dollar in the parallel market as of Monday, May 6, 2025, marking…
Oil Prices Plunge to Four-Year Low as OPEC+ Fast-Tracks Output Hikes
Oil prices took a sharp dive on Monday, slumping to levels not seen since early 2021. Both Brent crude and West…
Nigeria’s FX Inflows Dip 5.7% in April Amid Global Trade Tensions, Weak Foreign…
Nigeria’s foreign exchange market took a hit in April as total FX inflows fell by 5.7% month-on-month, dragged…
BoG Injects $20M to Support 11 BDCs, Stabilize Cedi and Fuel Supply-GHANA
In a bid to steady the cedi and keep fuel prices in check, the Bank of Ghana (BoG) has pumped $20 million into the…
Nigeria Faces Economic Crisis as Oil Prices Dip Below $60, Threatening Fiscal…
Nigeria is facing a dual economic crisis as Brent crude oil prices plummet below $60 per barrel, sparking fears of…
Trump Cuts $500M from African Development Bank, Deepening Africa’s Financial…
The Trump administration’s proposed 2026 budget includes a significant reduction in U.S. support for the African…
Enugu Unveils Bold Mining Reforms to Protect Lives and Empower Host Communities
In a major move to overhaul the mining sector, the Enugu State Government has launched new regulations aimed at…
CBN Spends N315 Billion on Currency Management Amid Cash Crisis in 2024
In 2024, the Central Bank of Nigeria (CBN) faced a staggering 305.7% increase in currency management costs, rising…
Trade Tensions Shake Oil Market, Pressure Naira as Economic Worries Deepen
Global oil markets faced renewed turbulence in April as heightened trade tensions—particularly between the United…
Petrol Landing Cost Surpasses Dangote Refinery Price, Fuel Importers Struggle with…
The landing cost of Premium Motor Spirit (PMS), or petrol, has now reached an average of N870 per litre,…
AfDB Approves $650 Million Annual Commitment for Nigeria’s Economic Growth
The African Development Bank (AfDB) has officially approved a new Country Strategy Paper (CSP) for Nigeria,…
Mahama Vows Ghana Will Complete IMF Programme On Time Without Extension
President John Dramani Mahama has affirmed that Ghana will conclude its $3 billion Extended Credit Facility…
Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global…
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing…
FG Launches E-Invoicing Committee to Combat Tax Evasion and Boost Revenue
The Federal Government has inaugurated the National Electronic Invoicing Inter-Agency Steering Committee to…
Nigeria Moves to Update Telecom Law to Match AI, 5G, and Digital Economy Realities
Nigeria is finally taking concrete steps to bring its telecommunications laws up to speed with today’s tech-driven…
Dollar based financing no longer sustainable for startups
At the 21st Annual Africa Venture Capital Association (AVCA) Conference, West African venture capitalists…
World Bank: Global commodity prices to drop to six-year low by 2026
The World Bank has sounded the alarm over falling global commodity prices, forecasting a steep 12% decline in 2025…
Stockpiling ahead of tariffs likely hurt US economy in the first quarter
The U.S. economy likely came to a near standstill, or even slipped into contraction, during the first quarter of…
NGX Sheds ₦116bn as Profit-Taking Drags Market Down
The Nigerian Exchange (NGX) closed Tuesday, April 29th, on a bearish note as investors cashed out profits from…
Local and International Capital Providers Key to Nigeria’s Economic Growth, Says…
At the 21st Annual AVCA Conference and VC Summit in Lagos, Temi Popoola, the Group Managing Director/CEO of the…
IMF Flags Ghana’s Energy Sector as Top Economic Risk, Urges Reform
The International Monetary Fund (IMF) has strongly backed Ghana’s Finance Minister’s warning that the country’s…
Naira Shows Resilience Despite Declining Reserves, Backed by CBN Reforms and…
Despite a noticeable decline in Nigeria’s external reserves, the naira has held steady in both official and…
UK’s Manufacturing Africa & TLG Capital Launch $200M Fund to Boost Nigerian…
In a move to inject fresh capital into Nigeria’s manufacturing sector, the UK government’s Manufacturing Africa…
Nigeria’s Debt Servicing Surges to N696bn in January, Outpaces Revenue by 144%
Nigeria's fiscal crisis deepened in January 2025 as the Federal Government spent a staggering N696.27bn on debt…
CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs
U.S. consumers are increasingly feeling the economic consequences of President Donald Trump’s tariffs, with price…