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Macroeconomic
Finance and Insurance Sectors Drive Nigeria’s GDP Growth in 2024
In 2024, Nigeria’s finance and insurance sectors played a significant role in boosting the country’s real GDP…
Naira Strengthens to N1,485 as Dollar Liquidity Improves
The Nigerian naira has strengthened against the US dollar in the parallel market, reaching a rate of N1,485 per…
LCCI Calls for Monetary Policy to Address Real Economic Pressures, Not Just…
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has urged the…
Experts Predict Strong Q4 GDP Growth in Nigeria but Full Year May Fall Short
Nigeria's economy is projected to see a strong Q4 2024 GDP growth, surpassing the 3.46% recorded in Q3 2024.…
Ghana’s Informal Sector: Major Employment Source, but Low Productivity and…
Ghana's informal sector plays a vital role in the economy, employing nearly 80% of the workforce. However, it…
Naira Strengthens Against Major Currencies Following EFEMS Introduction
The Naira has shown significant improvement against major foreign currencies, including the British Pound, Euro,…
CBN Pledges to Enhance Nigeria-Saudi Economic Relations
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reaffirmed the bank's commitment to…
Nigeria Seeks Saudi Investment for Infrastructure Development
The Nigerian government has initiated discussions with the Saudi Fund for Development (SFD) regarding potential…
Thai Finance Minister Advocates Interest Rate Cut to Stimulate Economic Growth
Thailand's finance minister, Pichai Chunhavajira, has indicated that the country's low inflation provides an…
AfDB Report: Africa’s Economic Growth Shows Improvement Despite Global Challenges
The African Development Bank (AfDB) has revealed signs of economic recovery for Africa in its 2025 Macroeconomic…
Dangote Refinery Holds Over 500 Million Litres of PMS, Aims to Export 60% of…
Dangote Industries Limited (DIL) has made significant strides in Africa's energy sector, with President Aliko…
European Markets Surge as Germany’s Election Results Boost Investor…
European stock futures and the euro climbed on Monday after Germany's election results yielded a mainstream…
CBN Is Likely to Retain Interest Rates Amid Economic Concerns – Coleman Wires CEO
Ahead of the next meeting of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), industry…
CBN Mandates Banks to Publish Details of Dormant Accounts and Unclaimed Funds
In a notable shift in policy, the Central Bank of Nigeria (CBN) has directed banks and financial institutions to…
European Stocks Mixed as Schneider Electric’s Strong Profit Boosts Market…
European stock markets were mixed on Thursday morning, following a flurry of earnings releases across the…
Naira Appreciates to N1,535 per Dollar in Black Market Amid Improved Liquidity
The naira has gained value in the parallel (black) market, reaching N1,535 per dollar, driven by a reduction in…
Senate to Hold Public Hearing on Tax Reform Bills February 24-25
The Nigerian Senate is set to hold a two-day public hearing on the four tax reform bills presented by President…
Fed Concerns Over Trump’s Policies Contributing to Inflation Risks, Minutes…
At a meeting held a week after President Donald Trump's inauguration, Federal Reserve officials expressed concerns…
China Maintains Benchmark Lending Rates Amid Economic Uncertainties
China’s central bank, the People's Bank of China (PBOC), decided to leave its benchmark lending rates unchanged in…
Govt Contributes GHS9.7 Billion to Sinking Fund for Debt Management-GHANA
The Ghanaian government, under the leadership of the Mahama administration, has made a significant contribution to…
Ghana Fuel Prices Drop for the First Time in 2025
Fuel prices in Ghana have seen a decline for the first time in 2025, following a series of price increases earlier…
West Africa Faces Volatile Food Prices Amid Insecurity and Economic…
A recent report by the Food Security Monitor reveals persistent volatility in food prices across West Africa,…
CBN Governor Advocates Stronger Ties with Middle East
In a move to bolster economic relations, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has…
Naira Devaluation Exaggerates Nigeria’s Non-Oil Export Growth Despite Struggling…
Nigeria’s non-oil export sector showed growth in 2024, with the Nigerian Export Promotion Council (NEPC) reporting…
European Markets Rise Amid Geopolitical Tensions and Economic Data
European markets are expected to open broadly higher on Tuesday, February 18, 2025, despite the ongoing…
CBN Forecasts Job Growth Across Sectors by February 2025
The Central Bank of Nigeria (CBN) has forecasted a positive outlook for job growth and increased employment…
CBN Introduces Key Reforms to Safeguard Nigeria’s Financial System
The Central Bank of Nigeria (CBN) plays a vital role in ensuring the stability of Nigeria’s financial system,…
NBS Reports Inflation Decline to 24.48% in January After CPI Rebasing
The National Bureau of Statistics (NBS) has revealed that Nigeria's inflation rate for January 2025 stands at…
Inflation Pushes Consumer Credit to N4.42tn in November, CBN Report Shows
Nigeria’s consumer credit outstanding surged by 26.29% in November 2024, reaching a record N4.42 trillion, up from…
CBN: Nigeria’s Economy Expands for Second Month, Led by Industry and Agriculture
Nigeria’s economic expansion continued in January 2025, marking the second consecutive month of positive growth,…