Borrowing Costs Expected to Rise as Nigeria Faces Tightening Banking Liquidity
Businesses in Nigeria may soon experience higher borrowing costs due to a continued dip in banking system liquidity, which has…
Category: Macroeconomic
China’s Economic Resilience and Business Potential Highlighted at Forum Despite Tariff Concerns
Vice Premier He Lifeng reassured foreign business leaders about China’s economic prospects during the China Development Forum, emphasizing the country’s…
Ghana Government Falls Short of Treasury Bill Target by GH¢2.8 Billion
In its latest Treasury bill auction, the Ghanaian government has missed its target by GH¢2.8 billion, marking the first shortfall…
European Markets Rise on Germany’s Debt Reform and Trump-Putin Call
European stock markets closed higher on March 18, 2025, with investors focusing on key developments including Germany’s landmark fiscal reform…
Revitalizing Nigeria’s Creative Economy: CBN’s Push for a $25 Billion Growth Opportunity
The Central Bank of Nigeria (CBN), in partnership with the Bankers’ Committee, is spearheading efforts to transform the country’s creative…
Bank of Ghana’s MPC Holds Key Meeting Amid Economic Pressures
The Bank of Ghana’s Monetary Policy Committee (MPC) has started its 123rd meeting today, which will focus on evaluating the…
Naira struggles at official window, depreciates to 1536/$
The naira faced significant challenges at the official exchange rate window last week, depreciating by 1.25% to settle at 1536.89/$…
China Encouraged to Increase Investments and Technology Transfer to Boost Nigeria’s Economy
Nigeria’s Honourable Minister of Works, David Umahi, recently urged the Chinese government to enhance its investments in Nigeria’s economy, particularly…
African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade and Economic Growth
The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in Addis Ababa, Ethiopia,…
FG Moves to Harmonize Fiscal Data for Economic Stability and Investor Confidence
The Federal Government of Nigeria is taking proactive steps to harmonize fiscal data across various government agencies, aiming to improve…
FG Focuses on Reducing Production Costs to Tackle Food Inflation and Improve Accessibility
The Nigerian government is taking steps to address food inflation and accessibility by reducing production costs in the agricultural sector.…
Hong Kong Markets Drop Over 2% Amid U.S. Economic Uncertainty, Asia’s Stock Performance Mixed
Hong Kong’s stock market took a significant hit on Friday, with the Hang Seng Index plunging 2.19% to end the…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at N1,585 per dollar,…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in the parallel…
Japan’s Core Inflation Hits 3%, Boosting Expectations of BOJ Rate Hike
Japan’s core inflation rate reached 3.0% in February, maintaining pressure on the Bank of Japan (BOJ) to consider further interest…
Bank of Ghana Faces Tough Decisions Amid Economic Challenges
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will hold its 123rd meeting starting March 24, 2025,…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial inclusion and economic…
Sanwo-Olu Advocates for Stronger Market Connectivity to Promote Sustainable Economic Growth
Lagos State Governor Babajide Sanwo-Olu has reaffirmed his commitment to enhancing market connectivity between producers and consumers, aiming to foster…
Deloitte: Ghana’s 4% GDP Growth Target for 2025 Feasible but Faces Key Risks
Deloitte has affirmed that Ghana’s 4% GDP growth target for 2025 is achievable, especially following the 5.7% growth recorded in…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a reduction…
Fed’s Dot Plot Eases Investor Concerns, U.S. Markets Surge as Interest Rate Cuts Loom
The U.S. Federal Reserve’s decision to keep interest rates steady and maintain a forecast of two rate cuts in 2025…
Naira Gains Slightly to 1530.52/$ Amid Stability Efforts and Structural Reforms
The Nigerian naira showed a marginal appreciation of 0.16% on Wednesday, closing at 1530.52/$ compared to the previous day’s rate…
CBN’s Bank Recapitalisation and FX Reforms Pave Path to $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) is implementing a series of strategic reforms to strengthen the nation’s financial services sector,…
Fed Holds Interest Rates Steady as Economic Projections Reflect Uncertainty Amid Trump’s Policies
The Federal Reserve is expected to maintain its policy interest rates in the 4.25%-4.50% range, while releasing new economic projections.…
Exporters and Non-Bank Corporates Lead Nigeria’s Dollar Inflows as Naira Weakens
Exporters and non-bank corporates were the main contributors to Nigeria’s dollar inflows, accounting for 64% of the total inflow into…
Ghana’s 2025 Budget Allocation to Agriculture Deemed Insufficient by Agri-Impact CEO
In the 2025 national budget, only GH¢1.5 billion, representing 0.54% of the total GH¢279 billion, has been allocated to the…
European Markets Rise as Germany Passes Debt Reform, Trump and Putin Discuss Ceasefire
European stock markets saw a positive close on Tuesday, with investor attention focused on Germany’s approval of a historic debt…
Nigeria’s Inflation Crisis: Erosion of Savings and Wealth Strikes Hard
Nigeria’s inflation crisis has escalated, eroding the wealth of millions of citizens and making it increasingly difficult to save or…
BOJ Holds Interest Rates Amid U.S. Tariff Uncertainty and Inflation Concerns
The Bank of Japan (BOJ) decided to keep its short-term policy rate unchanged at 0.5% during its latest meeting on…
AGI President Applauds Ghana’s 2025 Budget as Promising and Business-Friendly
The President of the Association of Ghana Industries (AGI) for Greater Accra, Tsonam Akpeloo, has expressed strong support for Ghana’s…