News
Analysts see inflation rising as Iran war ripples through fuel, food
1+ week, 2+ day ago (645+ words) Nigeria's inflation is expected to rise in March ahead of its publication tomorrow, triggered by the escalating United States-Iran war, which has since rippled through global energy markets, analysts surveyed by Business Day said. The projected rise in prices will…...
Sanusi questions new borrowing as subsidy savings fail to curb debt
11+ hour, 3+ min ago (394+ words) The Emir of Kano, Muhammadu Sanusi II, has renewed concerns over Nigeria's fiscal direction, questioning why the federal government continues to borrow despite savings from the removal of the petrol subsidy. Speaking on News Central TV, the former governor of…...
S&P says Middle East war to hit African states" credit ratings
1+ day, 16+ min ago (639+ words) The risk to African economies from the Middle East conflict is likely to worsen if the war drags on, given that many are net importers of oil, fuel and fertilisers, S&P Global said on Wednesday. In an assessment of…...
Federal constraints choke states' N128bn export spend
23+ hour, 33+ min ago (996+ words) Nigerian states are ramping up spending to boost their exports, but those efforts are being undercut by trade constraints at the federal level that continue to inflate costs and delay shipments for the nation's exporters. In its report, "Subnational Trade…...
Why lenders move to block Amukpe-Escravos pipeline sale
1+ day, 7+ hour ago (795+ words) An independent journalist takes a look at the renewed push by lenders to halt the revival of a previously terminated pipeline transaction and what it signals for valuation discipline and reform credibility in Nigeria's oil sector A group of lenders…...
Nigeria aims to unlock $32bn livestock economy with new policy shift
1+ day, 12+ hour ago (476+ words) The federal government has moved to full-scale implementation of its livestock sector reforms, signalling a shift from policy design to measurable outcomes in food security, nutrition, and economic growth. This position was outlined by Idi Mukhtar Maiha, minister," Federal Ministry…...
Strong demand for 1-year T-bills as rates hold across tenors
1+ day, 15+ hour ago (474+ words) Strong demand for longer-dated Nigerian Treasury bills dominated the Central Bank of Nigeria's (CBN) primary market auction on Wednesday, even as yields on the one-year paper remained unchanged at 19. 33 percent. The 364-day bill drew N2. 12 trillion in subscriptions against an offer…...
AFRICA FINANCE IN BRIEF: Oil risks intensify, bank rallies, growth shifts
3+ day, 3+ hour ago (418+ words) Africa is entering a more complex phase, shaped by rising geopolitical tensions, shifting capital flows, and uneven growth across key markets. From currency pressures in East Africa to record valuations in Nigeria's banking sector and renewed momentum in frontier economies,…...
South Africa's inflation rises for first time in 3 months ahead of Iran-driven oil shock
2+ day, 14+ hour ago (951+ words) joins Egypt, Nigeria, Kenya as price pressures re-emerge across Africa South Africa's inflation edged higher for the first time in three months in March, even before the full impact of the Iran-linked oil shock filtered into domestic fuel prices'signalling renewed…...
African policymakers urged to balance inflation control with social protection
1+ week, 2+ day ago (439+ words) Policymakers across African economies have been urged to strike a careful balance between controlling inflation and protecting vulnerable populations as global uncertainties and domestic pressures weigh on growth prospects. Read also: Nigeria's inflation seen rising on fallout from Iran war…...