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Macroeconomic
Naira Strengthens at Parallel Market, Weakens on Official Exchange Rate
In the past week, the naira exhibited a mixed performance across different segments of the foreign exchange…
Nigerian Equity Market Records N1.83tn Gain in One Week
The Nigerian equity market achieved a significant gain of N1.83 trillion last week, with the All-Share Index (ASI)…
UK Economy Shows Unexpected Growth in Q4 2024, But Outlook for 2025 Remains…
The UK economy surprised many by growing 0.1% in the final quarter of 2024, defying expectations of a 0.1%…
Consumer Group Urges Caution on Proposed Electricity Tariff Increase, Citing Power…
A consumer group, the Nigeria Consumer Protection Network (NCPN), has voiced its concerns over the Federal…
European Stocks Hit Record Highs; Siemens Soars While FTSE 100 Falls
European stock markets continued their upward trajectory on Thursday, buoyed by strong corporate earnings and…
Nigeria Becomes Afreximbank’s Largest Beneficiary with $52 Billion Disbursement
Nigeria has emerged as the largest beneficiary of the African Export-Import Bank (Afreximbank) with a cumulative…
GHS 1.3bn Embezzlement Scandal at NPA Triggers Calls for Petroleum Tax Cuts in…
The recent GHS 1.3 billion embezzlement scandal at the National Petroleum Authority (NPA) has intensified calls…
House of Representatives Passes Four Tax Reform Bills for Second Reading
The House of Representatives has passed four significant tax reform bills for second reading, marking an important…
Tinubu Hails $50M IFC Investment in Lagos Free Zone
President Bola Tinubu expressed his appreciation for the International Finance Corporation's (IFC) $50 million…
External Influences and Internal Struggles Hinder ECOWAS’ Aspirations– Prof.…
The Economic Community of West African States (ECOWAS) has faced significant challenges in achieving its core…
Trump’s Trade Advisers Finalize Plans for Reciprocal Tariffs Amid Growing…
Former U.S. President Donald Trump's trade advisers are in the final stages of preparing reciprocal tariffs, which…
CBN Scraps Free ATM Withdrawals, Introduces New Charges: Bank Customers Express…
In a recent move by the Central Bank of Nigeria (CBN), the institution has announced the scrapping of free ATM…
Nigeria’s Economic Reset: The Crucial Role of Data Integrity in National…
Nigeria is currently navigating an economic reset to address the persistent challenges it faces, including…
Telecom Tariff Hike: House of Reps Demands Reversal Amid Economic Concerns
The long-awaited 50% tariff increase by Nigerian telecommunications operators has officially begun, following…
Senate Proposes N10bn for Capital Market Awareness to Boost Investor Participation
In a recent proposal, the Nigerian Senate suggested allocating N10bn to fund investor education in the capital…
Global Stocks Dip Amid U.S. Tariff Hike and Economic Outlook Concerns
Global stock markets experienced a decline on Tuesday as investors reacted to the implications of newly introduced…
Trump Imposes 25% Tariffs on Steel and Aluminium Imports to Boost U.S.…
President Donald Trump has announced the imposition of a 25% tariff on steel and aluminium imports into the United…
NAICOM’s Reform Plans to Strengthen Nigeria’s $1 Trillion Economy
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin,…
Dangote Refinery Set to Reach Full Capacity in 30 Days, Boosting Nigeria’s…
Nigeria’s Dangote Refinery, the largest in Africa, is set to operate at full capacity within the next 30 days, as…
CBN Facilitates $5.63 Billion in International Payments Amid Economic Challenges…
The Central Bank of Nigeria (CBN) facilitated $5.63 billion in international payments during the first nine months…
Ghana’s IMF Talks Focus on Tax Cuts, Energy Debt, and Fiscal Reforms for…
The ongoing discussions between the Ghanaian government and the International Monetary Fund (IMF), running from…
COMAC Demands Independent Audit of Gold-for-Oil Program Amid Financial…
The Chamber of Oil Marketing Companies (COMAC) is urging for an independent audit of the Bulk Energy Storage and…
Naira’s Strong Rally Disrupts FX Market Amid Dollar Sell-off and Reform…
The Nigerian naira has seen a notable appreciation, catching traders in the foreign exchange (FX) market…
Nigerian Stock Market Dips as Zenith Bank Leads Profit-Taking Activity
The Nigerian stock market opened the week on a mixed note, with the All-Share Index (ASI) declining by 0.04% due…
US-China Tariff Dispute Threatens to Worsen Nigeria’s Trade Deficit with…
The ongoing tariff war between the United States and China is predicted to negatively impact the Nigerian economy,…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the…
Nigeria’s Crude Oil Production Costs Spark Concerns as Expenditures Soar to…
Nigeria is facing growing concerns over the high cost of crude oil production, with industry experts warning that…
Trump says tariffs coming on steel and aluminium
President Donald Trump has revealed plans to impose a 25% tariff on all steel and aluminium entering the United…
Ghana Government rejects GHS 2.9bn in T-Bill offers
The Ghanaian government has rejected GHS 2.9 billion in Treasury bill bids following a significant…
IFC invests $50 million in Lagos Free Zone to boost Nigeria’s industrial growth
The International Finance Corporation (IFC) has pledged a $50 million equity investment in the Lagos Free Zone…