News
Cardoso Says Global Shocks Will Not Derail Nigeria's Drive For Resilience, Single-Digit Inflation
21+ hour, 58+ min ago (842+ words) CBN Governor says global shocks will not derail Nigeria's inflation fight, MPC stance on rates remains data-driven. The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has allayed fears of the impact of the Middle East crisis…...
IMF Projects Nigeria's Growth Rebound To 4. 3% In 2027 Despite 2026 Downgrade To 4. 1%
4+ day, 16+ hour ago (812+ words) IMF lowers Nigeria's 2026 growth from 4. 4% to 4. 1%, cites global pressures, projects recovery to 4. 3% in 2027. The International Monetary Fund (IMF), in its latest World Economic Outlook (WEO) 2026, released on Tuesday, revised Nigeria's growth projection downward to 4. 1 per cent in 2026, while projecting a…...
Dollar Falters As Fragile Ceasefire Between US And Iran Stirs Market Uncertainty
1+ week, 3+ day ago (412+ words) Dollar wavers amid Middle East ceasefire uncertainty, rising oil prices, and shifting global investor sentiment. The US dollar remained on shaky footing on Thursday after broad losses, as investors assessed whether the fragile two-week ceasefire between the United States and…...
Bank of Japan Raises Concern Over Economic Strain From Middle East Crisis
1+ week, 6+ day ago (264+ words) The Bank of Japan has warned that rising oil prices and supply disruptions from Middle East tensions could weigh on economic growth. The Bank of Japan says surging energy costs and supply chain disruptions are already affecting businesses across regions,…...
Gold Drops As Dollar Gains On Strong Jobs Data
1+ week, 6+ day ago (261+ words) Gold fell as a stronger dollar, boosted by solid US jobs data, outweighed safe-haven demand. US President Donald Trump is set to address markets as gold prices eased due to rising geopolitical tensions and strong economic data Gold prices fell…...
Edun: Nigeria's 4% GDP Growth Still Too Weak To Lift Millions Out Of Poverty
2+ week, 16+ hour ago (986+ words) Finance minister Edun says modest GDP growth insufficient to reduce poverty, pledges reforms targeting productivity, SMEs, and export-driven sectors. The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has stated that the rise in Nigeria's yearly…...
Afrinvest: Fresh $6bn External Borrowing Sparks Fiscal Prudence Concerns
2+ week, 1+ day ago (1181+ words) Afrinvest cautions $6bn external borrowing may reverse debt-to-GDP gains, strain fiscal discipline, and pressure food security measures. While the economic rationale for the fresh $6 billion external borrowing recently approved by the National Assembly appeared broadly defensible, it poses significant concerns over…...
Report Says Nigeria Set For Oil Windfall But Faces Inflation Surge, Growth Slowdown
2+ week, 2+ day ago (521+ words) Nigeria may gain from rising oil prices, but inflation, weak currencies and food risks threaten broader economic stability. Nigeria may emerge as one of the few short-term beneficiaries of the escalating Middle East conflict, but the broader outlook for the…...
Bosun Tijani: No Strong Economy Without Connectivity
2+ week, 4+ day ago (704+ words) Minister Bosun Tijani says Nigeria's digital future relies on connectivity and empowering local researchers to drive meaningful development. The Minister said this in an interview with ARISE NEWS on Tuesday. "Infrastructure is the bedrock for most of the things we…...
Eurozone Inflation Surges Above ECB Target As Oil Shock Pushes Energy Costs Higher
2+ week, 4+ day ago (277+ words) Eurozone inflation rises above ECB target as oil shock drives energy costs higher, complicating ECB rate decisions. Eurozone inflation has climbed above the European Central Bank's 2% target as surging energy prices driven by a global oil shock push up headline…...