Headline: Interbank Rate Hits Five-Year High as CBN Tightens Liquidity to Combat Inflation
In January 2025, Nigeria’s interbank lending rate surged to 28.58 percent, marking a five-year high as the Central Bank of…
Category: Macroeconomic
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 14.4% year-on-year increase from…
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 Donald…
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 will provide some…
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 transfer program…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened Monetary Policy
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of Nigeria…
Nigeria Calls for Global Unity to Address Urbanization Challenges Amid Global Shifts
Nigeria’s government has called for innovative solutions and enhanced international cooperation to tackle the pressing urban development challenges in light…
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 of an ongoing…
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…
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 business operations, hindering productivity, and…
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 supply. The Central Bank…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian Government
Increased liquidity in Nigeria’s financial markets has led to a decline in the yields on one-year Treasury bills (T-Bills), easing…
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 commercial papers (CPs) to manage their…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at Official Market
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10 against the US…
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 economic fallout, with particular…
Asia-Pacific Markets See Mixed Trading Amid Wall Street Decline Following Trump’s Auto Tariffs
Asia-Pacific stock markets experienced mixed results on Thursday, as investors reacted to U.S. President Donald Trump’s announcement of a 25%…
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 monitored potential…
Nigeria Must Invest $15 Million Annually to Boost Statistical Performance, Says World Bank
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to enhance its national statistical…
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 foreign exchange reserves and…
Stakeholders to Address Nigeria’s Declining Consumer Purchasing Power at 2025 Industry Summit
The 2025 Industry Summit & Awards is set to tackle the critical issue of declining consumer purchasing power in Nigeria’s…
Wall Street Bonuses Surge 32% in 2024, Reaching Record Highs Amid Economic Uncertainty
Wall Street bankers saw their bonuses rise by 31.5% in 2024, bringing the average payout to $244,700, according to New…
CBN Intensifies Efforts to Combat Forex Speculation Amid Naira’s Minor Decline
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to maintaining stability in…
Ghana Loses $1.2 Billion in Gold Revenue Due to Illegal Smuggling in 2022, Minister Reveals
In 2022, Ghana lost an estimated $1.2 billion in gold revenue due to widespread illegal smuggling, according to Finance Minister…
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 Donald Trump’s…
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 characterized by both high…
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 of 2.35%,…
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 the International Monetary…
Nigeria’s Debt Servicing Hits Four-Year High Amid Rising Borrowing and Currency Depreciation
Nigeria’s debt repayment reached a four-year high of $4.65 billion in 2024, marking a 32.9% increase from the previous year.…
Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence
The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index rose by 0.56%,…
China’s Vice Premier Meets Blackstone Chairman to Discuss Economic Cooperation
In a significant meeting in Beijing, China’s Vice Premier He Lifeng met with Stephen Schwarzman, the Chairman of Blackstone, the…