Nigeria’s Tax Overhaul: Key Reforms Aimed at Economic Growth and Revenue Boost
In a historic move last week, the Nigerian Senate passed a suite of tax reform bills aimed at revitalizing the…
Category: Macroeconomic
World Bank Admits Nigeria’s Economic Progress, Says Prices Remain High
Nigeria’s journey toward achieving a $1 trillion economy has received cautious recognition from the World Bank, which praised the country’s…
World Bank Flags NNPCL Over Incomplete Fuel Subsidy Remittances
The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)’s handling of proceeds from the removal…
Naira Strengthens to ₦1,597.7/$1 at Official Market as CBN Policies Begin to Take Hold
The Nigerian naira gained strength against the US dollar on Monday, closing at ₦1,597.7/$1 in the official foreign exchange market.…
Forex Market Speculators Struggle Amid CBN’s Regulatory Reforms and Strengthened Naira
The Nigerian foreign exchange (forex) market has been facing a major overhaul as the Central Bank of Nigeria (CBN) intensifies…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth – Black Star Advisors
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential turning point after more…
Asian Markets Lose Steam as Trade War Truce Fails to Inspire Confidence
Asian stocks faltered and the U.S. dollar weakened on Tuesday, despite initial optimism around a 90-day pause in U.S.-China tariffs.…
Nigeria’s Creative Economy Targets $100 Billion Boost by 2030 – Minister Musawa
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, has revealed the government’s ambitious plan for the…
World Bank Reports Positive Shift in Nigeria’s Economy, Urges Inclusive Growth Strategy
The World Bank has reported a notable improvement in Nigeria’s macroeconomic situation, attributing it to a series of fiscal and…
U.S. and China Slash Tariffs in 90-Day Truce Amid Trade War Tensions
In a significant but temporary easing of trade tensions, the United States and China have agreed to reduce tariffs on…
Tinubu’s “Nigeria First” Policy Set to Boost Local Industry and Jobs, Says NASENI
President Bola Ahmed Tinubu’s recently launched “Nigeria First” policy has received strong backing from the National Agency for Science and…
Gov’t Misses GHS169m T-Bill Target as Yields Continue to Dip-GHANA
The Bank of Ghana’s latest auction results revealed that the government missed its T-bill target by GHS169 million. The government…
US-China Agree to Slash Tariffs in Breakthrough Deal, Easing Global Economic Fears
In a major development, the United States and China have agreed to cut tariffs to a 10% baseline for 90…
From Aid to Industry: How Africa’s Informal Sector and Youth Could Drive Inclusive Growth
For decades, many African nations have relied heavily on foreign aid to fund healthcare, education, and emergency relief. But in…
US and China Reach Breakthrough Trade Deal in Geneva: Path Cleared for Economic Cooperation
After two days of tense negotiations in Geneva, the United States and China have reached a critical trade agreement that…
Bank of Ghana Warns Public About Foreign Investment Scams
The Bank of Ghana has issued a strong warning to the public regarding the growing threat of illegal foreign investment…
CBN Ups Treasury Bills Offer to N550bn Amid Softer Demand, Shifting Investor Focus
The Central Bank of Nigeria (CBN) has increased its Treasury Bills (T-Bills) Primary Market Auction offer from N400 billion to…
Lagos Approves Over 37,000 Building Permits in Six Years, Boosts Urban Development
Over the past six years, the Lagos State Government has approved a total of 37,266 building planning permits to drive…
Nigeria Moves to Capture $31.8M Informal Export Trade: NEPC and NBS Sign MoU
In a bid to improve the accuracy of Nigeria’s trade statistics, the Nigerian Export Promotion Council (NEPC) and the National…
Global Food Prices to Drop by 7% in 2025, Led by Declining Rice Costs-GHANA
Global food prices are expected to see a significant decline in 2025, marking a second consecutive year of lower costs.…
GSS Urges Collective Action to Sustain Falling Inflation Trend in Ghana
In its latest update, the Ghana Statistical Service (GSS) reported a slight but consistent decline in national inflation, with April…
Ghana’s Business Confidence Rebounds Under Mahama’s Macroeconomic Stability – Michael Kottoh
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among…
Nigeria loses over N1.3 billion to ‘Tomato Ebola’ outbreak in three states – Minister
Nigeria’s agriculture sector has taken a serious hit with the recent outbreak of Tuta absoluta, a pest widely known as…
Africa Set to Lead Global Carbon Markets by 2025, Report Finds
A new report titled 2025 Africa Carbon Market Outlook (ACMO 25) reveals that Africa is on track to emerge as…
Bitcoin Soars Past $97K as China Unleashes $138 Billion Stimulus and Fed Signals Liquidity Shift
Bitcoin shot past $97,000 midweek before settling just below at $96,000, fueled by China’s massive $138 billion liquidity injection and…
US-China Trade Talks Signal De-escalation, But Breakthrough Unlikely
After weeks of speculation, it’s official: top U.S. and Chinese trade officials will meet this weekend in Geneva. But let’s…
FMCG Firms See Profits Surge by Over 100% Amid Naira Stability in Q1 2025
The first quarter of 2025 has brought significant financial relief for several fast-moving consumer goods (FMCG) firms in Nigeria, as…
Naira Holds Steady at ₦1,608/$1 as Oil Prices Rebound, Experts Urge Policy Reform
The Nigerian naira maintained relative stability in the parallel market on Tuesday, trading around ₦1,608–₦1,610 per dollar amid a rebound…
GUTA Hails BoG for Cedi Stability, Signals Renewed Business Confidence-GHANA
The Ghana Union of Traders’ Associations (GUTA) has expressed strong approval of the Bank of Ghana’s management of the forex…
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, vast mineral deposits,…