Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$, up slightly from…
Category: Macroeconomic
FG Directs MDAs to Roll Over 70% of 2025 Capital Budget into 2026
The Federal Government (FG) has directed all ministries, departments, and agencies (MDAs) to roll over 70% of their 2025 capital…
Nigeria’s GDP Growth Projected at 4.1% in 2026 Driven by Non-Oil Sector Expansion
Nigeria’s economy is set to expand at a moderate pace in 2026, with GDP growth projected at 4.1 per cent,…
BREAKING: Nigeria’s external reserves surpass $45 billion – first time in 6 years
Nigeria’s external reserves have officially crossed the $45 billion mark, marking the first time in six years that the country…
Naira Set to Break N1,445/$ as Fed Rate Cut Expectations Boost Nigerian Currency
The Nigerian Naira has maintained relative stability against the US dollar in the official market, even as expectations build for…
PENGASSAN Urges FG to Expose Sponsors of Terrorism Amid Rising Insecurity in Nigeria
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to publicly identify…
Nigeria’s GDP Grows in Q3 2025, but CPPE Warns of Rising Cost of Living
Nigeria’s economy recorded a year-on-year GDP growth of 3.98% in the third quarter of 2025, according to the latest data…
Nigeria’s Business Confidence Hits 13-Month High on Stable FX and Easing Inflation
Nigeria’s business confidence has reached its highest level in over a year, buoyed by easing inflationary pressures and a more…
CBN Holds Interest Rate at 27% as Disinflation Advances and Economy Stabilises
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, choosing caution as…
Nigeria’s GDP Set for 4.22% Rebound in Q4 2025 as Economy Strengthens — Report
Nigeria’s economy is expected to close the year on a stronger note, as analysts at CardinalStone project a rebound in…
Nigeria’s Business Confidence Index Hits 111.3 as Key Sectors Expand in October 2025
Nigeria’s business climate continued to show promising signs of recovery in October 2025, with the Business Confidence Index (BCI) rising…
Bayer Shares Surge 11% as U.S. Government Supports Curbing Roundup Lawsuits – European Markets Edge Higher
European stocks inched higher on Tuesday as investors cautiously stepped back into markets following a broad sell-off at the start…
Champion Breweries Profit 2025 Set to Hit Record N3.12bn on Stable Naira and Cooling Inflation
Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net income of N3.12 billion…
Bank of Ghana Cuts Policy Rate to 18% Amid Falling Inflation and Strong Economic Recovery
The Bank of Ghana (BoG) has cut its policy rate by 350 basis points to 18 percent, signaling a decisive…
Nigeria Loses $10 Billion Annually to Post-Harvest Waste, Agritech CEO Warns
Nigeria is losing an estimated $9–10 billion each year due to post-harvest waste, a staggering loss that threatens food security,…
Nigeria’s GDP Rises to 3.98% in Q3 2025 as Agriculture and Industry Drive Economic Rebound
Nigeria’s economy continued its upward trajectory in the third quarter of 2025, with the National Bureau of Statistics (NBS) reporting…
Nigeria’s GDP Slows To 3.98% In Q3 2025
Nigeria’s Gross Domestic Product slowed down to 3.98 per cent (year-on-year) in real terms in Q3 2025, lower than the…
AfDB and EIB Commit $275M to Boost Mauritania Mining Railway Investment
The African Development Bank (AfDB) and European Investment Bank (EIB) have joined forces in a landmark $275 million financing deal…
Ghana’s Public Debt Hits GH¢684.6bn in Q3 2025 Despite Strong Year-Long Decline
Ghana’s public debt rose to GH¢684.6 billion in the third quarter of 2025, marking an increase of GH¢71.6 billion compared…
CBN Corridor Shift Sparks Broad Yield Decline Across Nigerian Financial Markets
Nigeria’s financial markets have responded sharply to the Central Bank of Nigeria’s (CBN) recent adjustment of its monetary policy corridor,…
Bank of Ghana Cuts Interest Rate to 18% as Inflation Continues to Fall
The Bank of Ghana has announced a significant reduction in its benchmark interest rate, lowering it by 350 basis points…
Nigeria’s VAT Revenue Hits N2.06 Trillion in Q2 2025, Driven by Manufacturing and ICT
Nigeria’s Value Added Tax (VAT) revenue remained largely stable at N2.06 trillion in the second quarter of 2025, according to…
Ghana Poised for Major Interest Rate Cut as Inflation Falls to Four-Year Low
Ghana is preparing for what could be its third consecutive major interest rate cut, as the country’s inflation continues to…
Dollar Weakens as U.S. Economic Data Fuels Expectations of December Fed Rate Cut
The U.S. dollar weakened on Tuesday as a mix of economic indicators, some delayed due to the recent government shutdown,…
Nigerian Equities Market Rebounds with N95 Billion Gain as CBN Holds Rates Steady
The Nigerian equities market staged a notable recovery on Tuesday, November 25, bouncing back from six consecutive days of declines.…
Ghana Cedi Surges 32% Against Dollar in 2025: Strongest Performance in West Africa
Ghana’s cedi has continued its remarkable upward trajectory in 2025, recording a 32.2% appreciation against the US dollar on the…
Nigeria to save millions in FX as export tests get global approval
Nigeria is set to save millions of dollars in foreign exchange after the Nigeria National Accreditation System (NINAS) received global…
Sanwo-Olu Presents N4.2tn ‘Budget of Shared Prosperity’ for 2026 to Lagos Assembly
Lagos State Governor Babajide Sanwo-Olu on Tuesday submitted a landmark N4.237 trillion 2026 budget proposal to the Lagos State House…
Fitch Predicts Bank of Ghana Policy Rate Could Drop to 16.5% by 2026 Amid Stable Economy
Fitch Solutions has projected that the Bank of Ghana (BoG) could lower its monetary policy rate to 16.5% by the…
Dangote Champions Mechanised Farming to Boost Nigeria’s Economic Growth
The Dangote Group is leading efforts to modernize Nigeria’s agricultural sector through strategic partnerships aimed at boosting productivity and economic…