Economic News

A record six African countries have secured spots in this year’s IMD World Competitiveness Ranking, underlining the continent’s steady push to strengthen its economic standing on the global stage. Published...

Food prices remain a pressing concern across Nigeria, even as the national year-on-year food inflation rate dropped to 21.14% in May 2025. The decline from 40.66% recorded a year earlier...

Gold prices fell on Wednesday as global investors pivoted toward riskier assets following a U.S. federal court decision that partially invalidated President Donald Trump’s trade tariffs. The ruling triggered a...

Amid rising inflation, employment pressures, and ongoing fiscal and monetary reforms, central banks across Africa have responded in 2025 with decisive policy adjustments, most notably through interest rate changes. In...

Between 2020 and 2024, sixteen multinational corporations with majority foreign ownership, listed on the Nigerian Exchange (NGX), successfully repatriated a staggering $2.8 billion to their parent companies—despite Nigeria’s prolonged foreign...

As of April 2025, Nigeria's national inflation rate eased to 23.71%, down from 24.23% in March, according to the National Bureau of Statistics (NBS). However, certain regions continue to experience...

The Donald Trump administration is reportedly weighing a substantial reduction in tariffs as the United States prepares for renewed trade negotiations with China this weekend—a strategic move intended to reduce...

Once aimed at curbing China's economic influence, Donald Trump’s tariffs may have had an unintended consequence—fueling a wave of sophisticated counterfeit luxury goods that are now sweeping the U.S. market....

Despite a projected uptick in Nigeria’s economic growth, the World Bank has raised concern over the rising levels of poverty in the country. In its latest Africa’s Pulse report titled...

The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2025, lowering it to 3.0% due to falling global oil prices. This update was published in the IMF’s...