Dollar Weakens as Fed Rate Cut Expectations Grow Amid U.S. Shutdown and Trade Tensions
The U.S. dollar continued its downward slide on Friday, pressured by renewed trade tensions, a prolonged government shutdown, and growing…
Category: Macroeconomic
Petrol Prices Surge to N1,000 Despite Cheaper Crude and Stronger Naira: What Nigerians Need to Know
Nigerians are facing a new shock at the fuel pump as petrol prices jump from around N865 per litre to…
Nigeria Missing from Africa’s Fastest-Growing Economies List, Says IMF
Nigeria has been notably absent from the International Monetary Fund’s (IMF) list of Africa’s fastest-growing economies, with countries such as…
Cardoso: Naira now more competitive globally after economic reforms
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the Naira is now “more competitive”…
IMF Forecasts Nigeria’s Debt-to-GDP Ratio to Drop to 35% by 2026 Amid Fiscal Reforms and Revenue Growth
Nigeria’s debt outlook is brightening as the International Monetary Fund (IMF) projects a steady decline in the nation’s debt-to-GDP ratio…
Nigeria’s Rate Cut Signals New Economic Direction as Inflation Eases and Growth Prospects Improve
Nigeria’s economy is showing signs of cautious recovery as the Central Bank of Nigeria (CBN) cuts its benchmark interest rate…
IMF Backs Nigeria’s Reform Drive, Predicts Major Fiscal Breakthrough by 2025
Nigeria is edging closer to a long-awaited fiscal transformation as the International Monetary Fund (IMF) expressed strong confidence in the…
JUST-IN: Nigeria’s Inflation Rate Falls to 18.02% in September 2025 as Food Prices Ease
Nigeria’s inflation rate continued its downward trend in September 2025, easing to 18.02% from 20.12% in August, according to the…
Ghana Cedi Rebounds Over 3% as Bank of Ghana Interventions and Strong Gold Prices Boost Confidence
After weeks of market pressure, the Ghana cedi has made a strong comeback, appreciating by more than 3% against major…
Hidden Bank Charges Quietly Drain Nigerians’ Savings, Erode Trust in Digital Finance
Over the last decade, the rise of digital banking and fintech platforms has transformed how Nigerians manage their money, offering…
Nigeria Champions $2 Trillion Commonwealth Trade Agenda at IMF, World Bank Meetings
Nigeria has joined other Commonwealth nations in a bold push to unlock a $2 trillion trade agenda aimed at boosting…
Foreign Inflows Into Nigeria Surge 39% in September as Investor Confidence Rebounds
Foreign inflows into Nigeria’s foreign exchange market rose sharply in September 2025, signaling a growing return of investor confidence despite…
IMF Warns Nigeria, Others to Curb Dirty Money Inflows Amid Rising Debt and Weak Governance
The International Monetary Fund (IMF) has issued a fresh warning to Nigeria and other emerging economies to intensify efforts against…
Tinubuflation Eases as Inflation Falls to Two-Year Low — But Poverty Deepens Across Nigeria
After months of relentless price surges, Nigeria’s inflation story is finally showing signs of relief. The country’s inflation rate, which…
Ghana’s Business Confidence Rises in August as Economic Outlook Brightens and Borrowing Costs Ease
Business confidence in Ghana surged in August 2025, signaling renewed optimism among firms about the nation’s economic direction. According to…
Nigeria’s $36.7 Billion Budget Lags Behind African Peers Despite Revenue Growth – CPPE Warns
Nigeria’s $36.7 billion national budget remains significantly smaller than many of its African peers, despite recent fiscal and tax reforms…
Cardoso to lead Nigeria’s team to IMF/World Bank meeting – Presidency
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will head Nigeria’s delegation to the 2025 Annual Meetings…
Nigeria’s PMI Rises to 54.0 in September, Signals Stronger Economic Growth — CBN
Nigeria’s economic growth gathered pace in September 2025, as the Central Bank of Nigeria (CBN) reported a significant rise in…
Ghana’s Government Spending Falls 14% Below Target in 2025, Signaling Stronger Fiscal Discipline — BoG Report
Government spending in Ghana for the first seven months of 2025 fell 14 percent below target, reflecting tighter fiscal discipline…
Easing Inflation and Stable Naira Set to Power FMCG Sector Growth in Q3 2025, Analysts Predict
Nigeria’s Fast-Moving Consumer Goods (FMCG) sector is on track for a strong rebound in the third quarter of 2025, as…
Nigeria’s Equities Market Hits N6.92 Trillion in 2025 — Highest in 18 Years as Investor Confidence Surges
The Nigerian equities market has recorded its strongest performance in nearly two decades, with transactions on the Nigerian Exchange (NGX)…
Nigeria’s Public Debt Rises to ₦152.4 Trillion by Mid-2025 Amid Currency Pressures and Fiscal Strain
Nigeria’s total public debt surged to ₦152.4 trillion as of June 30, 2025, marking a ₦3.01 trillion increase from the…
Naira Hits 10-Month High as Strong FX Inflows, Investor Confidence Boost Liquidity
The Nigerian naira reached a 10-month high last week, closing at ₦1,455.17 per dollar at the official market, its strongest…
IMF Set to Approve Staff-Level Agreement with Ghana After Fifth Programme Review
The International Monetary Fund (IMF) is set to reach a staff-level agreement with Ghana today, October 10, 2025, following the…
Senate Orders Finance and Budget Ministers to Submit 2024 Budget Performance Report Within Two Weeks
The Nigerian Senate has given Minister of Finance Wale Edun and Minister of Budget and National Planning Atiku Bagudu a…
World Bank: Nigeria’s FIRS Revenue Allocation at 4% Exceeds Peers, Strains Public Finances
Nigeria’s current revenue-sharing system, which allocates 4% of both oil and non-oil revenues (excluding royalties) to the Federal Inland Revenue…
Nigeria’s Economic Growth Mirage: Stability on Paper, Hardship for Citizens
Nigeria’s economy shows signs of headline stability, but for millions of citizens, the benefits remain out of reach. According to…
FG and MAN Collaborate to Boost Non-Oil Exports, Fix EEG Bottlenecks for Economic Growth
The Federal Government (FG) and the Manufacturers Association of Nigeria (MAN) have renewed their commitment to strengthening Nigeria’s non-oil trade…
Naira Gains Momentum: CBN Policies, Fintech Growth, and Oil Output Drive September Surge
September 2025 marked a remarkable rebound for the Nigerian Naira, with the currency showing its strongest performance in recent months.…
NGF and UNDP Strengthen Partnership to Boost Investments, Sustainable Growth Across Nigerian States
In a renewed push to accelerate economic development across Nigeria, the Nigeria Governors’ Forum (NGF) has strengthened its partnership with the United Nations…