By Esther Ososanya U.S. President Donald J. Trump has signed a sweeping executive order extending the deadline for his proposed reciprocal tariff regime to August 1, 2025, giving over a dozen nations a narrow window to renegotiate trade deals or face tariffs ranging from 25% to 40% on select goods entering the U.S. The executive …
By Esther Ososanya The International Monetary Fund (IMF) has commended Nigeria’s monetary and fiscal authorities for implementing critical reforms that have boosted macroeconomic stability and driven down inflation to 23 percent. In its Article IV report released Tuesday, the IMF said Nigeria’s Central Bank maintained an appropriately tight monetary policy stance and urged it to …
Ubong Usoro The Chairman of the Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has called on West African countries to deepen regional cooperation to unlock the region’s untapped trade and investment potential. Speaking at the 2025 West Africa Economic Summit (WAES) in Lagos, themed “Unlocking Trade and Investment Opportunities in the Region,” Dr. …
By Esther Ososanya With inflation easing, revenues surging, and foreign investments making a comeback, the Federal Government says its bold economic reforms are beginning to pay off. Finance Minister, Wale Edun has assured Nigerians that President Bola Tinubu’s Renewed Hope Agenda is transitioning into a decisive growth phase focused on boosting productivity, creating jobs, and …
By Esther Ososanya Top African and Caribbean leaders, global economists, and private sector giants are expected in Abuja, Nigeria, from June 25 to 27, 2025, for the 32nd Annual Meetings (AAM2025) of the African Export-Import Bank (Afreximbank). The bank disclosed this in an official statement issued on Friday, noting that this year’s meetings will …
By Esther Ososanya Nigeria is bracing for a fresh surge in consumer prices as escalating hostilities between Israel and Iran send shockwaves through global commodity markets, pushing Brent crude toward US$130 per barrel. Though the oil rally promises windfall revenues for Africa’s largest producer, analysts warn that any fiscal boost could be eclipsed by a new wave …
