IMF Cuts Global Growth Forecast for 2025 Amid Escalating Trade Tensions and Policy Uncertainty
The International Monetary Fund (IMF) has downgraded its global growth forecast for 2025, now predicting an expansion of just 2.8%,…
Category: Macroeconomic
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing economic risk currently…
Tinubu Urges Deeper ECOWAS Integration to Harness AfCFTA’s Promise
At the ECOWAS Golden Jubilee event in Accra, Nigerian President Bola Tinubu, represented by Ambassador Bianca Ojukwu, called on West…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board (FOB) value levy on…
China Warns Nations Against US Trade Deals That Undermine Its Interests
China has issued a stark warning to countries considering trade deals with the United States that could harm its economic…
Naira Hits N1,845/€ on Easter Monday as Euro Climbs to 3-Year High Against the Dollar
On Easter Monday, the Nigerian naira traded at N1,845 against the euro on the black market, marking a slight decline…
Dollar Falls to Lowest Point Since March 2022 Amid Economic Uncertainty
The US dollar experienced a significant depreciation on Monday, hitting its lowest point since March 2022, as investor confidence in…
FX Volatility Drives 9% Increase in Local Inputs Sourcing by Nigerian Manufacturers in 2024
In 2024, the ongoing foreign exchange (FX) volatility in Nigeria caused a significant shift in the manufacturing sector, leading to…
Ghana Surpasses IMF Reserve Target Early, Strengthening Economic Outlook
Ghana has successfully exceeded a key milestone in its ongoing IMF program, surpassing its gross international reserve target over a…
Ghana to Face Minimal Economic Impact from New US Tariffs, Fitch Solutions Report
Ghana is expected to experience relatively minor economic disruption from the new US tariffs, according to a report by Fitch…
IFC Provides Financing Package to Cameroon’s First African Company
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a partnership with First African Company…
CBN Mulls Interest Rate Hike as Money Supply Soars to N114.2tn
The Central Bank of Nigeria (CBN) may be gearing up to raise interest rates in May, as inflationary pressures continue…
IMF Urges Ghana and Affected Nations to Accelerate Reforms Amid Trade Tariff Pressures
The International Monetary Fund (IMF) is calling on Ghana and other countries impacted by the United States’ recent 10% trade…
Ghana’s Producer Price Inflation Dips to 24.4% in March Amid Sectoral Shifts and Tariff Concerns
Ghana’s Producer Price Inflation (PPI) saw a notable decline in March 2025, falling to 24.4% from 27.6% the previous month,…
Ghana Rolls Out $1M Fund to Empower Northern Farmers and Boost Food Security
In a bold move to strengthen agriculture and combat food insecurity in the northern parts of the country, Ghana’s Minister…
Stakeholders Push for Stronger Monitoring to Accelerate Ghana’s Industrial Growth
In a timely call to action, stakeholders are emphasizing the urgent need for stronger monitoring and evaluation (M&E) frameworks to…
Crypto Market Sheds $633.5 Billion in Q1 2025 Amid Recession Jitters and Investor Caution
The crypto market took a serious hit in the first quarter of 2025, losing over $633 billion in market value—a…
Trump’s 90-Day Tariff Pause and Its Global Trade Impact
In a sudden shift, former U.S. President Donald Trump announced a 90-day pause on tariffs, which had previously caused significant…
Nigeria’s March 2025 Inflation: Rising Pressures and Unexplained Data Anomalies
In March 2025, Nigeria’s inflation rate rose to 24.23% from 23.18% in February, marking the first increase since the rebasing…
EU Eyes Nigeria’s Solid Minerals for Trade and Investment Expansion
The European Union (EU) has shown significant interest in expanding trade and investment in Nigeria’s solid minerals sector, which is…
ECOWAS Bank Appoints Ghana’s Finance Minister Cassiel Forson as New Chairman
The ECOWAS Bank for Investment and Development (EBID) has appointed Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, as the…
Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts for Economic Growth
With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of Directors (CIoD) believes there’s a…
Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic About Stability
The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official market…
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 China is threatening…
Petrol Prices May Drop to N800/Litre as Dangote Refinery Slashes Rates Amid Falling Crude Prices
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 stronger against the dollar.…
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 billion in…
Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security
In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by…
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 strongest since 2014.…