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Macroeconomic
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…
Stocks Steady, Dollar Firms as U.S. Eases Auto Tariffs Amid Market Jitters
Markets opened Tuesday on a cautious yet slightly positive note after the U.S. announced a softening of auto…
Naira Stays Firm Below ₦2,200/£ as Global Pound Strength Faces Local Resistance
The Nigerian naira held firm against the British pound in the unofficial market, closing at around ₦2,177/£ as of…
Fitch Upgrades Credit Ratings of Lagos, Kaduna, Kogi, and Oyo States Amid…
Global credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Lagos,…
FG to resume payment of wage award arrears
The Federal Government has announced plans to resume payments for the outstanding five months of N35,000 wage…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection…
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of…
CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria's role in Africa’s…
Nigeria’s Economic Reforms Gain Global Support, Strengthening Naira and…
At the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, Olayemi Cardoso,…
FG Approves Textile Development Board and $90bn Agribusiness, Livestock Growth…
The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has approved the establishment of…
Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid…
In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared…
Global Debt Challenges: Navigating Fiscal Policy Amid Economic Uncertainty
Amid escalating global uncertainty, governments face tough choices in balancing rising public debt with economic…
Panic Over World Bank’s 56% Poverty Surge Forecast in Nigeria: Urgent Calls…
A recent warning from the World Bank has sparked widespread concern about a projected 56% increase in poverty…
Foreign Investors Propel NGX Beyond N1trn Threshold Amid Strong Market Activity
In March 2025, the Nigerian Exchange Limited (NGX) experienced significant growth, crossing the N1 trillion…
Ghana’s Inflation Set to Ease Further in April, Analysts Predict
Inflation in Ghana is expected to continue its downward trend in April 2025, with market analysts projecting a…
Government Exceeds Treasury Bill Target by GHS 550 Million in Latest Auction-…
The Government of Ghana has successfully exceeded its Treasury bill target by GHS 550 million, according to the…
CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand
In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills…
Nigeria Poised for Economic Resilience Amid Global Uncertainties, Says Finance…
Nigeria’s economic outlook remains positive despite global uncertainties, according to Wale Edun, the Minister of…
Nigeria’s Debt Servicing Costs Soar to N8.9tn, Straining Public Finances
Nigeria’s debt servicing costs have skyrocketed to N8.9 trillion in the first nine months of 2024, surpassing the…
IMF Boss commends Ato Forson for strong commitment to economic reforms
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has praised Ghana’s Finance…
Nigeria’s Carbon Market Policy Set to Unlock $2.5 Billion by 2030, Drive Green…
President Bola Ahmed Tinubu has unveiled Nigeria’s newly finalised Carbon Market Activation Policy, projected to…
Nigeria Records $15.2 Billion Net Forex Inflow in Q1 2025 Amid Deepening Market…
Nigeria’s foreign exchange (FX) market posted a net inflow of $15.2 billion in Q1 2025, signaling a sharp boost in…
Jimoh Ibrahim Urges IMF to Anchor African Economic Projections on Empirical Data
At the IMF/World Bank Spring Meetings in Washington DC, Nigerian Senator and business leader Jimoh Ibrahim…
Cardoso’s Global Diplomacy to Strengthen Nigeria’s Economy and Investor Confidence
In April 2025, during the International Monetary Fund (IMF) and World Bank’s Spring Meetings in Washington, DC,…