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. Analysts…
Category: Macroeconomic
Ghana’s Informal Sector: Major Employment Source, but Low Productivity and Slow Economic Growth
Ghana’s informal sector plays a vital role in the economy, employing nearly 80% of the workforce. However, it contributes only…
Naira Strengthens Against Major Currencies Following EFEMS Introduction
The Naira has shown significant improvement against major foreign currencies, including the British Pound, Euro, and Canadian Dollar, since the…
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 strengthening economic…
Nigeria Seeks Saudi Investment for Infrastructure Development
The Nigerian government has initiated discussions with the Saudi Fund for Development (SFD) regarding potential investments in the country’s infrastructure.…
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 opportunity to reduce interest rates, aiming…
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 Performance and Outlook…
Dangote Refinery Holds Over 500 Million Litres of PMS, Aims to Export 60% of Production
Dangote Industries Limited (DIL) has made significant strides in Africa’s energy sector, with President Aliko Dangote revealing that its refinery…
European Markets Surge as Germany’s Election Results Boost Investor Confidence
European stock futures and the euro climbed on Monday after Germany’s election results yielded a mainstream outcome. DAX futures jumped…
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 stakeholders are projecting…
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 publicly…
European Stocks Mixed as Schneider Electric’s Strong Profit Boosts Market Sentiment
European stock markets were mixed on Thursday morning, following a flurry of earnings releases across the continent. The Stoxx 600…
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 demand…
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 Show
At a meeting held a week after President Donald Trump’s inauguration, Federal Reserve officials expressed concerns that his proposed policies,…
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 February, reflecting…
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 the Debt Service Recovery…
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…
West Africa Faces Volatile Food Prices Amid Insecurity and Economic Challenges-GHANA
A recent report by the Food Security Monitor reveals persistent volatility in food prices across West Africa, largely influenced by…
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 called…
Naira Devaluation Exaggerates Nigeria’s Non-Oil Export Growth Despite Struggling Sector
Nigeria’s non-oil export sector showed growth in 2024, with the Nigerian Export Promotion Council (NEPC) reporting a rise to N9.65…
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 geopolitical tensions surrounding the…
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 opportunities across various…
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, which is…
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 24.48%, a significant…
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 N3.5 trillion in…
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, according to the latest Purchasing…
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 market, reflecting the…
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) and Market…
UK Economy Shows Unexpected Growth in Q4 2024, But Outlook for 2025 Remains Sluggish
The UK economy surprised many by growing 0.1% in the final quarter of 2024, defying expectations of a 0.1% contraction.…