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 […]
The Federal Government has distributed over 2,700 trucks of fertilizers
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
NERC Has Instructed the Grid Operator to Reduce Electricity Supplies to International Customers
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
Nigeria Deposit Insurance Corporation (NDIC) Has Declared a Significant Raise in the Maximum Insurance Coverage
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
Understanding Nigeria’s Banking Sector Recapitalisation
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
CBN announced its decision to sell foreign exchange worth USD20,000 to eligible BDC operators across the country
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
Some of the Nigerian electricity distribution company have announced an increase in electricity tariffs for Band A users to ₦209/kWh
Global Macro Highlights Eurozone inflation rate decreased to 2.5% in June Preliminary data from Eurostat indicates that the Eurozone inflation rate decreased to 2.5% in June, down from 2.6% in May. This decline was primarily due to a reduction in food prices and energy, which fell to 2.5% and 0.2% in June respectively, from 2.6% […]