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Macroeconomic
US-China Trade War Could Slash Global GDP by 7%, WTO Chief Warns
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has warned that the ongoing trade war between…
Ghana Risks Losing $500M in Revenue Over Domestic Lithium Refining Plans, Warns…
Ghana faces the potential loss of up to $500 million in government revenue if it proceeds with plans to refine its…
Bitcoin Rebounds Above $82K Following Trump’s 90-Day Tariff PauseCryptos, Markets
U.S. President Donald Trump's recent announcement of a temporary 90-day pause on tariffs for most global trading…
Nigeria Needs 40% Annual Growth to Offset U.S. Tariff Impact, Economist Warns
In a recent address at the 2025 Vanguard Economic Discourse in Lagos, Dr. Yemi Kale, the Group Chief Economist at…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International…
Nigeria Records $6.83bn Balance of Payments Surplus in 2024, Signaling Economic…
Nigeria’s economy is showing promising signs of recovery with a recorded balance of payments (BoP) surplus of…
Nigeria Sees Record Remittance Inflows Under Cardoso, Strengthening Economy
In 2024, remittance inflows into Nigeria reached $20.98 billion, a nine percent increase from the previous year…
Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs
Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day,…
Global Economists Condemn Trump’s Tariffs, Warning of Recession and Disruptions
Economists around the world are raising alarms about the potential consequences of President Donald Trump's…
Bond Selloff Signals Global Market Turmoil Amid U.S. Tariff Escalation
U.S. Treasuries experienced significant losses as a global market rout was sparked by the imposition of high U.S.…
Adesina Advocates for Stronger Global Partnerships to Boost African Economic…
Dr. Akinwumi Adesina, President of the African Development Bank Group, emphasized the importance of fostering…
Trump Imposes 104% Tariff on China Following Failed Deadline, Intensifying Trade…
The Trump administration has escalated its trade war with China by imposing a significant 104% tariff on Chinese…
Trump’s New Tariffs Shake Global Markets, Pushing Stocks into Decline
US President Donald Trump’s latest round of tariffs, including a striking 104% duty on Chinese goods, took effect…
Trump’s Tariffs Threaten U.S. Economy and New York’s Future, Warns…
Senator Chuck Schumer has sharply criticized former President Donald Trump for the economic fallout caused by his…
Asia-Pacific Markets Rebound Following Previous Losses Amid Trade Tensions
Asian stock markets experienced a significant rebound on Tuesday after sharp losses in the previous session…
International payments facilitated by CBN hit $497m in February
In February 2025, the Central Bank of Nigeria (CBN) recorded a 17.2% year-on-year increase in international…
Trump’s Trade War Deepens Nigeria’s Fiscal Crisis, Puts N55tr Budget at Risk
Nigeria is facing significant fiscal challenges as global economic uncertainties, including the trade war…
Naira Weakens to N1,629 per Dollar on Official Market Amid Rising Dollar Demand
Nigeria’s foreign exchange market saw increased pressure on Monday, with the naira dropping to N1,629 per dollar…
BDC Operators Advocate Economic Partnerships with India, China Amid U.S. Tariff…
The Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Nigerian government to explore…
Trump’s Tariff Threats Spark Global Selloff, Shake Nigeria’s Markets
Nigeria’s financial markets faced turbulence this week as renewed trade tensions, sparked by former US President…
Yen and Swiss Franc Top Safe-Haven Picks Amid Trump Tariffs, Analysts Say
In light of President Donald Trump’s recent announcement of reciprocal tariffs, investors are flocking to…
Nigeria’s Financial Markets in Turmoil as Trump Tariffs Trigger Global…
Nigeria’s financial markets are grappling with volatility amid global disruptions caused by renewed tariff threats…
Trump’s 14% Tariff on Nigerian Exports Poses Threat to $6 Billion Annual Revenue
The recent imposition of a 14% tariff by U.S. President Donald Trump on Nigerian exports has raised serious…
CBN Intervenes in FX Market as Naira Struggles Amid Trump Tariffs and Oil Price…
The Central Bank of Nigeria (CBN) stepped in to stabilize the foreign exchange market on Friday by selling $197.71…
Nigeria Considers Strengthening Trade Ties with China, EU, and BRICS in Response…
In response to the imposition of new US tariffs, Nigerian fund managers from Cory Assets Management Limited, led…
WTO Director-General Okonjo-Iweala Warns Trump Over New Tariffs
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has raised concerns about the…
Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week
The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April…
Unfair Credit Ratings Increasing Borrowing Costs for African Countries, Says ECA
African countries continue to struggle with high borrowing costs due to what they perceive as unfair credit…
Experts Urge Export Diversification Amid U.S. Tariff Threats
As the United States imposes new tariffs on global trade, experts are urging African nations, including Ghana, to…
Macron Calls for Suspension of US Investments Amid Tariff Dispute
French President Emmanuel Macron has called for European companies to suspend planned investments in the United…