Browsing Category
Macroeconomic
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,…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN…
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign…
World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms
The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the…
Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS…
Nigeria's inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the…
Ghana Economists Urge Swift Action for IMF’s $370 Million Approval Amid Economic…
Economists in Ghana are urging the government to expedite efforts in securing the necessary assurances from the…
Analysts Predict Temporary Easing of Inflation in April Amidst Economic Pressures
Economic analysts are cautiously optimistic that Nigeria could see some easing in inflation for April 2025,…
FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures
The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the…
Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears
In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears…
Nigeria’s Inflation Rate Climbs to 24.23% in March 2025 Amid Rising Economic…
Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics…
FCT Hits 95% Budget Execution in 2024 – Wike
Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has reported an impressive 95% implementation of…
U.S Stock Futures Rise on Auto Tariff Exemption Hopes Amid Ongoing Uncertainty
U.S. stock index futures edged higher on Tuesday, driven by optimism that the auto sector could receive tariff…
China Pushes Back on U.S. Deep-Sea Metal Stockpile Plans, Citing International Law
So according to a recent report, the U.S. is apparently working on plans to stockpile deep-sea metals from the…
March Inflation Expected to Hold at 23.18% Amid Balancing Forces in Food, FX, and…
Analysts are projecting that Nigeria’s headline inflation for March 2025 will likely stay relatively flat around…
Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps
In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation's…
Banks Essential to Nigeria’s $1 Trillion GDP Target, CBN Says
Nigeria’s ambition to reach a $1 trillion GDP by 2030 heavily relies on the banking sector’s ability to increase…
GNCCI Warns Ghana’s 2025 Inflation Target at Risk Due to Rising Costs and Policy…
The Ghana National Chamber of Commerce and Industry (GNCCI) has raised concerns that the country's 2025 inflation…
Naira Weakens as Dollar Index Hits 2022 Lows Amid Growing Market Concerns
The Nigerian naira saw slight gains in the country’s foreign exchange market, with official rates hovering near…
OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets
OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd),…
Entrepreneurs Applaud FCMB’s BEST Programme for Boosting Business Growth
First City Monument Bank (FCMB) is receiving widespread praise for its recent Business Empowerment, Sustainability…
African Trade Ministers to Address Trump’s Tariff Threat
African Trade Ministers from across the continent are convening on Monday, April 14, 2025, to discuss the newly…
Banks and Manufacturers Overcome Economic Challenges to Post Impressive Profits…
Despite Nigeria's economic struggles, including high inflation, a depreciating naira, and rising interest rates,…
Trump’s Escalating Trade War with China Poses High Stakes for U.S. Economy
President Donald Trump’s trade war with China has reached a critical juncture, as rising tariffs threaten to push…
Insurance Operators Urged to Drive Reforms for National Development
Insurance sector operators have been called upon to implement significant reforms aimed at improving the…