Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn
Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the continent loses…
Category: Macroeconomic
Nigeria’s GDP Forecast to Grow 3.7% in Q4 2025 as Fiscal Reforms Boost Revenue and Investor Confidence
Nigeria’s economy is set to close 2025 on a positive note, with analysts projecting a 3.7% Gross Domestic Product (GDP)…
Nigeria Secures $500m World Bank Loan to Boost Agricultural Value Chains and Food Security
The Federal Government of Nigeria has sealed a $500 million loan agreement with the World Bank to strengthen agricultural value…
Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit
President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance…
Nigeria’s 2026 Tax Reforms: 50 New Exemptions to Support Low-Income Earners and Small Businesses
In a major move to ease the financial strain on Nigerians, the Presidential Fiscal Policy and Tax Reforms Committee has…
Nigeria’s Inflation Set to Fall to 15.84% as Bumper Harvest Eases Food Prices – Stanbic IBTC
Nigeria’s headline inflation rate is projected to drop sharply to 15.84% in October, down from 18.02% in September, thanks to…
Dollar Hits Three-Month High as Traders Scale Back Rate-Cut Bets Amid Fed Divide
The U.S. dollar held steady on Tuesday, hovering near a three-month high as traders pared back expectations for near-term interest…
Government Misses T-Bill Target by 13% as Treasury Yields Continue to Rise
The Government of Ghana fell short of its Treasury bill target for the past week, raising GH¢4.61 billion against the…
CSOs Applaud Tinubu’s 15% Fuel Import Tariff as Step Toward Energy Independence
A coalition of civil society organisations under the banner of the Coalition of Civil Rights Activists has commended President Bola…
World Bank Set to Approve Nigeria’s $1 Billion Development Loan in December to Boost Jobs and Investment
The World Bank has scheduled December 16, 2025, as the tentative date to approve Nigeria’s $1 billion Development Policy Financing…
Woodhall Capital Targets $50 Billion in Global Investments to Drive Nigeria’s Development
Woodhall Capital, under the leadership of its founder, Mojisola Hunponu-Wusu, is spearheading efforts to attract $50 billion in global investments…
Naira Strengthens to ₦1,421/$ — 2025 Peak Fueled by Rising Forex Supply and Investor Confidence
The Nigerian naira ended October 2025 on a high note, appreciating to ₦1,421.73 per dollar — its strongest level this…
FG Targets Under-7-Day Cargo Clearance at Nigerian Ports by 2026 – Shettima Unveils Port Efficiency Reforms
The Federal Government has set a bold target to reduce cargo clearance time at Nigerian ports to less than seven…
Tinubu: Local Production Key to Stabilising Supply Chains and Strengthening Nigeria’s Economy
President Bola Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s economy through local production, saying it remains central to…
Auditor General hinges inclusive economic growth on accountability
The Auditor General for the Federation, Shaakaa Chira, has stressed that inclusive economic growth in Nigeria cannot thrive without strong…
BusinessNigerians hold N4.47 trillion cash outside banks in September as money supply drops
Nigerians held N4.47 trillion in cash outside the banking system in September 2025, despite a contraction in overall money supply,…
Bank of Ghana Confident Inflation Will Drop Further by Year-End as Cedi Strengthens
The Bank of Ghana (BoG) is expressing optimism that inflation will continue to fall before the end of 2025, building…
Nigeria Faces $1.12B Eurobond and N100B Sukuk Maturities in Late 2025 Amid Rising Debt Pressures
Nigeria is bracing for two major debt obligations before the end of 2025, including a $1.12 billion Eurobond and a…
Forex Traders in Survival Mode as CBN Halts Dollar Supply to BDCs
Bureau De Change (BDC) operators across Nigeria are struggling to keep their businesses afloat as the Central Bank of Nigeria…
Naira Strengthens 9.16% in Six Months as Nigeria Exits FATF Grey List and Reforms Boost Investor Confidence
Nigeria’s currency, the naira, has gained 9.16 percent against the U.S. dollar over the past six months, rising from ₦1,605…
Ghana’s Producer Price Inflation Edges Up to 3.2% in September Amid Modest Industrial Gains
Ghana’s producer price inflation (PPI) rose slightly to 3.2% in September 2025, according to the Ghana Statistical Service (GSS). This…
IMF Commends Nigeria’s Economic Reforms as Growth Outlook Strengthens Under Cardoso
Nigeria’s ongoing economic reforms have received global recognition from the International Monetary Fund (IMF), which praised the Central Bank of…
Nigeria Spends 35% of 2024 Budget on Debt Service as Fiscal Deficit Hits ₦13.51 Trillion
The Federal Government of Nigeria spent a staggering ₦12.36 trillion servicing debts in 2024, representing 35.26% of the entire ₦35.05…
Naira Holds Firm at ₦1,475/$ as CBN Tightens FX Controls Amid Late-2025 Market Stability
The Nigerian naira maintained relative stability at ₦1,475 per dollar last week, reflecting the Central Bank of Nigeria’s (CBN) intensified…
FG’s $2.35bn External Borrowing Plan: DMO Explains Eurobond Strategy to Boost Naira, Refinance Debt
The Federal Government’s proposed $2.35 billion external borrowing plan is a carefully balanced strategy aimed at financing the 2025 national…
Nigeria Targets 40% GDP Growth by 2030 Through AfCFTA — Government Deepens Trade, Industrial Reforms
The Federal Government has announced an ambitious plan to grow Nigeria’s Gross Domestic Product (GDP) by 40 percent by the…
Improved Security and Economic Reforms Attract $8 Billion in Energy Investments — CBN Governor Cardoso
Nigeria’s drive toward economic stability is paying off, with more than $8 billion in new energy investments flowing into the…
Nigeria Inches Closer to 15% Inflation Target as September Rate Drops to 18%
Nigeria is showing signs of easing inflationary pressures, with the latest data from the National Bureau of Statistics (NBS) revealing…
Nigeria’s Inflation Drops to 18.02% — Lowest in Three Years as CBN’s Tight Policies Pay Off
Nigeria’s inflation rate has fallen to 18.02% in September 2025, the lowest level in three years, according to fresh data…
Nigeria Records First Food Price Drop in Over 13 Years as Inflation Eases Sharply
Nigeria’s inflation story took a surprising turn in September 2025, as the country recorded its first month-on-month food deflation in…