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Macroeconomic
IMF Forecasts Nigeria’s Inflation to Reach 37% by 2026 Amid Economic…
The International Monetary Fund (IMF) has projected that Nigeria's headline inflation will surge to 37% in 2026,…
Naira in Circulation Drops to N5tn as of March 2025 Amid Tightened Monetary Policy
As of March 2025, Nigeria's currency in circulation dropped to N5 trillion, reflecting a decrease from N5.04…
IMF Cuts Global Growth Forecast for 2025 Amid Escalating Trade Tensions and Policy…
The International Monetary Fund (IMF) has downgraded its global growth forecast for 2025, now predicting an…
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato…
Ghana's Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing…
Tinubu Urges Deeper ECOWAS Integration to Harness AfCFTA’s Promise
At the ECOWAS Golden Jubilee event in Accra, Nigerian President Bola Tinubu, represented by Ambassador Bianca…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board…
China Warns Nations Against US Trade Deals That Undermine Its Interests
China has issued a stark warning to countries considering trade deals with the United States that could harm its…
Naira Hits N1,845/€ on Easter Monday as Euro Climbs to 3-Year High Against the…
On Easter Monday, the Nigerian naira traded at N1,845 against the euro on the black market, marking a slight…
Dollar Falls to Lowest Point Since March 2022 Amid Economic Uncertainty
The US dollar experienced a significant depreciation on Monday, hitting its lowest point since March 2022, as…
FX Volatility Drives 9% Increase in Local Inputs Sourcing by Nigerian…
In 2024, the ongoing foreign exchange (FX) volatility in Nigeria caused a significant shift in the manufacturing…
Ghana Surpasses IMF Reserve Target Early, Strengthening Economic Outlook
Ghana has successfully exceeded a key milestone in its ongoing IMF program, surpassing its gross international…
Ghana to Face Minimal Economic Impact from New US Tariffs, Fitch Solutions Report
Ghana is expected to experience relatively minor economic disruption from the new US tariffs, according to a…
IFC Provides Financing Package to Cameroon’s First African Company
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a partnership with…
CBN Mulls Interest Rate Hike as Money Supply Soars to N114.2tn
The Central Bank of Nigeria (CBN) may be gearing up to raise interest rates in May, as inflationary pressures…
IMF Urges Ghana and Affected Nations to Accelerate Reforms Amid Trade Tariff…
The International Monetary Fund (IMF) is calling on Ghana and other countries impacted by the United States'…
Ghana’s Producer Price Inflation Dips to 24.4% in March Amid Sectoral Shifts and…
Ghana’s Producer Price Inflation (PPI) saw a notable decline in March 2025, falling to 24.4% from 27.6% the…
Ghana Rolls Out $1M Fund to Empower Northern Farmers and Boost Food Security
In a bold move to strengthen agriculture and combat food insecurity in the northern parts of the country, Ghana's…
Stakeholders Push for Stronger Monitoring to Accelerate Ghana’s Industrial Growth
In a timely call to action, stakeholders are emphasizing the urgent need for stronger monitoring and evaluation…
Crypto Market Sheds $633.5 Billion in Q1 2025 Amid Recession Jitters and Investor…
The crypto market took a serious hit in the first quarter of 2025, losing over $633 billion in market value—a drop…
Trump’s 90-Day Tariff Pause and Its Global Trade Impact
In a sudden shift, former U.S. President Donald Trump announced a 90-day pause on tariffs, which had previously…
Nigeria’s March 2025 Inflation: Rising Pressures and Unexplained Data…
In March 2025, Nigeria’s inflation rate rose to 24.23% from 23.18% in February, marking the first increase since…
EU Eyes Nigeria’s Solid Minerals for Trade and Investment Expansion
The European Union (EU) has shown significant interest in expanding trade and investment in Nigeria’s solid…
ECOWAS Bank Appoints Ghana’s Finance Minister Cassiel Forson as New Chairman
The ECOWAS Bank for Investment and Development (EBID) has appointed Dr. Cassiel Ato Forson, Ghana’s Minister of…
Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts…
With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of…
Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic…
The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official…
Nigeria-China Currency Swap at Risk as Trade Imbalance Widens — CBN Warns
The Central Bank of Nigeria (CBN) has expressed concern that the persistent trade imbalance between Nigeria and…
Petrol Prices May Drop to N800/Litre as Dangote Refinery Slashes Rates Amid…
Petrol prices in Nigeria could soon fall to around N800 per litre due to a combination of declining global crude…
Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly…
Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025
Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2…
Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and…
In a significant move to enhance Nigeria's refining capacity and reduce reliance on imported petroleum products,…