Browsing Category
Macroeconomic
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,…
Nigerians Save N75.65 Trillion in Quasi-Money Amid Economic Uncertainty, CBN…
Amid ongoing economic challenges, Nigerians have increasingly turned to savings and low-risk financial…
World Bank Partners with Ghana to Create 500,000 Jobs for Youth Annually
The World Bank has announced its commitment to helping Ghana address its youth unemployment crisis through a new…
IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising…
The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in…
IMF Warns Nigeria of Fiscal Strain as Global Tensions Threaten Oil Revenue
Nigeria is facing mounting fiscal pressure as the International Monetary Fund (IMF) warns that intensifying global…
Nigerians Boost Savings as Quasi-Money Climbs 3.65% in March 2025 Amid Economic…
Nigerians are leaning into savings as the economy faces continued uncertainty, with quasi-money—highly liquid…
IMF Warns of Growing Global Financial Stability Risks Amid Tightening Conditions…
The International Monetary Fund (IMF) has issued a warning about rising global financial stability risks, driven…
Trump Slams Fed Chair Powell, Triggering Market Turmoil and Dollar Slide
U.S. financial markets took a sharp dive on Monday after President Donald Trump publicly lashed out at Federal…
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…