Browsing Category
Macroeconomic
Russian Rouble Expected to Weaken Back to 100 to the US Dollar in a Year
A recent Reuters poll of 18 economists predicts that the Russian rouble will weaken to around 100 to the U.S.…
Nigerians Borrow N470 Billion in Personal Loans Amid Economic Pressures – CBN…
The Central Bank of Nigeria (CBN) has disclosed that Nigerians took out a total of N470 billion in personal loans…
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the…
Headline: Interbank Rate Hits Five-Year High as CBN Tightens Liquidity to Combat…
In January 2025, Nigeria’s interbank lending rate surged to 28.58 percent, marking a five-year high as the Central…
General Insurance Industry Contributes 14.4% More to Nigeria’s GDP in 2024
The Nigerian general insurance industry contributed N349.01 billion to the nation's economy in 2024, marking a…
Wall Street Faces Volatility Ahead with Tariff Deadline and Key Jobs Data
U.S. stocks are experiencing a rocky period as the market braces for a critical week ahead, marked by President…
Wall Street Braces for Trump’s Tariff Announcement Amid Ongoing Uncertainty
Wall Street is anxiously awaiting U.S. President Donald Trump’s tariff policy announcement on April 2, hoping it…
IMF Urges Nigeria to Prioritize Cash Transfers for Vulnerable Households
The International Monetary Fund (IMF) has called on the Nigerian government to expedite the completion of its cash…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened…
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of…
Nigeria Calls for Global Unity to Address Urbanization Challenges Amid Global…
Nigeria's government has called for innovative solutions and enhanced international cooperation to tackle the…
US Suspends Financial Contributions to WTO Amid Review of Global Commitments
The United States has temporarily halted its financial contributions to the World Trade Organization (WTO) as part…
Dollar Faces Volatility as Inflation Data and Tariffs Loom
The U.S. dollar was poised for a steady finish to the week but on track for a quarterly loss, as concerns over…
Nigeria’s Infrastructure Deficit Threatens Economic Growth and Stability
Nigeria’s economy is facing significant challenges due to a growing infrastructure deficit that is impeding…
Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time
Nigeria's economic outlook is growing increasingly uncertain as the country experiences its first decline in money…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian…
Increased liquidity in Nigeria's financial markets has led to a decline in the yields on one-year Treasury bills…
Nigerian Banks Turn to Expensive Commercial Papers Amid Liquidity Crisis
In response to mounting liquidity challenges, Nigerian banks are increasingly resorting to expensive short-term…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at…
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10…
Trump’s Trade War: Rising Risks for Nigeria and Other Economies Amid Tariffs
US President Donald Trump's new tariffs targeting Mexico, Canada, and China are stirring concerns about global…
Asia-Pacific Markets See Mixed Trading Amid Wall Street Decline Following…
Asia-Pacific stock markets experienced mixed results on Thursday, as investors reacted to U.S. President Donald…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely…
Nigeria Must Invest $15 Million Annually to Boost Statistical Performance, Says…
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to enhance its…
CBN’s Strategic Forex Reforms Boost Naira Stability Amid Economic Recovery
Nigeria’s Central Bank (CBN) has made significant strides to stabilize the naira by enhancing the country’s…
Stakeholders to Address Nigeria’s Declining Consumer Purchasing Power at…
The 2025 Industry Summit & Awards is set to tackle the critical issue of declining consumer purchasing power…
Wall Street Bonuses Surge 32% in 2024, Reaching Record Highs Amid Economic…
Wall Street bankers saw their bonuses rise by 31.5% in 2024, bringing the average payout to $244,700, according to…
CBN Intensifies Efforts to Combat Forex Speculation Amid Naira’s Minor…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to…
Ghana Loses $1.2 Billion in Gold Revenue Due to Illegal Smuggling in 2022,…
In 2022, Ghana lost an estimated $1.2 billion in gold revenue due to widespread illegal smuggling, according to…
Stocks Gain, Dollar Drifts as Traders Ponder Trump Tariff Outlook
Asian stock markets followed Wall Street higher on March 26 as traders awaited more clarity on U.S. President…
US Economy Faces Potential Stagflation Risks, But Avoiding Severe Economic Strain
Recent projections from the Federal Reserve have raised concerns about the possibility of stagflation, a period…
Hong Kong’s Hang Seng Index Falls 2.35% Amid Trump’s Tariff Threats
In a day of mixed trading across Asia-Pacific markets, Hong Kong’s Hang Seng Index experienced a significant drop…
Ghana Intensifies Efforts to Meet IMF Review Deadline, Outlines Economic Reforms
Ghana's Finance Minister, Dr. Cassiel Ato Forson, has reassured that the government is actively working to meet…