Global currency markets opened the week cautiously, with the U.S. dollar inching higher against the euro, yen, and sterling as investors positioned themselves ahead of a busy week of U.S. economic data. Market response to President Donald Trump’s tariff reversal on over 200 food products was muted, with analysts noting that the move was largely …
Amid Nigeria’s troubling macroeconomic environment, a renowned economist, Muda Yusuf, has said that the country could harness and maximise the opportunities that come with the recent positive ratings for its economy if the government shows commitment to addressing structural issues as well as concerns over the welfare of average Nigerians. Dr Yusuf expressed his thoughts …
Global stock markets were on course to reclaim record highs on Thursday following the end of the longest U.S. government shutdown in history, while Japan’s yen tumbled to historic lows against the euro and hit a nine-month low versus the dollar. Europe’s STOXX 600 opened stronger, with France’s CAC 40 gaining nearly 1%, pushing both …
The expiration of the African Growth and Opportunity Act (AGOA) policy has left some unanswered questions, including how the African economies can sustain the trade gains. It also raises concern about how the continent can reposition itself in a post-AGOA environment. A report released by the Bashir Adeniyi Centre for International Trade and Investment (BACITI) …
Nigeria’s economy recorded its eleventh consecutive month of expansion in October 2025, according to the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI), which rose to 55.4 points from 54.0 points in September. The CBN report highlighted growth across the industry, services, and agriculture sectors. The industry sector PMI reached 54.2 points, with 9 …
Oil prices dropped on Thursday, extending losses from the previous session, as rising U.S. crude inventories and a shift in OPEC’s supply outlook raised concerns about global oversupply. Brent crude fell 20 cents to $62.51 a barrel, while U.S. West Texas Intermediate dropped 24 cents to $58.25 a barrel. U.S. crude stockpiles rose by 1.3 …
President Donald Trump on Wednesday signed a bill ending the longest government shutdown in U.S. history, just hours after the House of Representatives voted to restore food assistance, pay hundreds of thousands of federal workers, and revive the air-traffic control system. The Republican-controlled House passed the funding package 222–209, with Trump’s backing helping to unify …
Nigeria's oil and gas revenue in 2024 fell significantly short of its budget target, showing a decline of 24.7 per cent against projected figures. The gross oil revenue for 2024 before deductions was $15.07 trillion against the $19.99 trillion budget target (a N4.93 trillion shortfall). This is according to data from the latest Budget Implementation Report …
U.S. stock index futures climbed on Monday amid signs of progress in Washington to end the record-long government shutdown that has stalled economic data releases and raised concerns about the economy. On Sunday, senators advanced a House-passed bill to fund the government until January 30. If approved by the Senate, the measure must still pass …
The federal government has increased the Credit Risk Guarantee (CRG) for tomato crate financing to 75% under the Dutch-funded HortiNigeria Programme, a move expected to unlock over ₦500 million in intervention funding for Nigeria’s horticulture sector. Mohamed Selassie Idris, Country Representative of the International Fertilizer Development Center (IFDC) and Programme Director of HortiNigeria, announced the …
