Nigeria’s Oil Output Hits 1.7mbpd in July, Meets OPEC Quota but Trails Budget Benchmark
Global Macro Highlights U.S. GDP Grows 3.3% in Q2 2025, Powered by AI-Driven Investments According to the Bureau of Economic Analysis, U.S. GDP expanded 3.3% in Q2:2025 (vs. 3.0% in Q2 and a 0.5% contraction in Q1). This was supported by stronger business and consumer activity. Real Gross Domestic Income advanced 4.8% (vs. 4.6% in […]
Nigeria’s Reserves Cross $40bn, Boosting Naira Stability
Global Macro Highlights U.K. Inflation Surges, Rate Cuts Face Roadblocks U.K inflation rose to a 12-month high of 3.80% YoY in July 2025 (vs 3.60% in June). MoM prices grew 0.10% (vs 0.30%), while core inflation edged to 3.80% from 3.70%. The rise was driven by transport costs, with airfares up 30.20%, plus higher food […]
Nigeria’s Inflation Eases to 21.9% in July, But Monthly Pressures Persist
Global Macro Highlights U.S. Inflation Steadies at 2.7% in July, Core CPI Climbs to 5-Month High According to the Bureau of Labour Statistics, U.S. CPI held at 2.7% YoY in July, rising 0.2% MoM (vs. 0.3% in June), driven mainly by shelter costs (+0.2%). Food inflation stayed at 2.9% YoY, while energy prices fell further […]
Nigeria Enacts Landmark Insurance Reform to Boost Transparency, Resilience, and Investor Confidence
Global Macro Highlights U.S. Trade Deficit Shrinks to $60.2bn in June on Steep Drop in Imports The U.S. Census Bureau and the Bureau of Economic Analysis reported that the country’s goods and services trade deficit narrowed sharply in June 2025, coming in at USD60.2bn, down from USD71.7bn in May 2025. The improvement was primarily driven […]
IMF Upgrades Nigeria’s Growth Forecast Amid Oil Gains & Reform Progress
Global Macro Highlights U.S. Revives Tariffs, Global Trade Faces New Jitters Amid Fragile Recovery This week, the United States reinstated tariffs ranging from 10.0% to 50.0% on imports from 69 countries under former President Trump’s revived reciprocal trade policy. A baseline tariff of 10.0% was imposed on goods from the United Kingdom, while Canada faced […]
MPC Holds Rates Steady to Balance Inflation Control and Growth Amid Global Uncertainty
Global Macro Highlights U.S.–Japan Trade Deal Boosts Markets, Sets Stage for Auto Sector Shake-Up The United States finalized a trade deal with Japan during the week, with Japan pledging a USD 550bn investment into the U.S. economy. In return, the U.S. agreed to cut tariffs on Japanese imports, especially vehicles and auto parts, while steel and […]
Nigeria’s Inflation Slows for Third Month Despite Food and Core Price Pressures
Global Macro Highlights U.S. Inflation Climbs to 2.7% in June Amid Rising Shelter and Healthcare Costs The U.S. headline inflation as reported by the bureau of statistics rose by 2.7% YoY in June 2025 (vs. 2.4% in May). The uptick in inflation was primarily driven by core inflation which increased by 2.9% YoY, due to […]
President Donald Trump imposes fresh tariff on Canada
Global Macro Highlights President Donald Trump imposes fresh tariff on Canada U.S. President Donald Trump has announced a 35% tariff on Canadian goods, citing a “financial retaliation” to earlier duties. The new tariffs are set to take effect on August 1, 2025, alongside additional blanket tariffs of 15–20% on other trade partners. Adding to the […]
A Tech Insider’s Guide to Managing IT for Asset Management Firms in Nigeria
Introduction In Nigeria’s fast-evolving financial sector, asset management firms are increasingly reliant on technology to ensure data integrity, client trust, and regulatory compliance. At Utica Capital Limited, managing a growing IT infrastructure has shown us how a robust technology strategy can transform operations, reduce risk, and support long-term growth. This blog post explores the core […]
Nigeria’s Private Sector Expands Further in June, Led by Agriculture and Stable FX
Global Macro Highlights U.S. Trade Deficit Widens Sharply in May Amid Export Decline According to the U.S. Bureau of Economic Analysis, the U.S. trade deficit widened by 18.7% in May to USD71.50bn from USD60.30bn in April. This increase was driven primarily by a sharp drop in exports and a correction in earlier import surges. A […]