Nigeria’s Trade Surplus Hits 3-Year High in Q2:2025
Global Macro Highlights Rising U.S. Food Costs Push Inflation Higher, Boosting Odds of Fed Rate Cut U.S. consumer prices rose by 0.4% MoM in August, the highest increase since January, lifting headline CPI to 2.90% YoY. The surge was driven by food costs (+0.5% MoM, +0.6% in supermarkets) with food inflation accelerating to 3.20% YoY […]
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 […]
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 […]
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 […]
Nigeria’s Debt Hits ₦149.4trn in Q1:2025, Driven by Domestic Borrowing Surge
Global Macro Highlights US-China Trade Deal Eases Tensions, Unlocks Rare Earth Supply Chain The U.S and China has signed a new trade deal which includes an agreement for China to deliver rare earth materials to the US in exchange for Washington easing its own restrictions on certain export to China. The export of rare earth […]
Eurozone Inflation Falls Below ECB Target, Opening Door for Potential Rate Cuts
Global Macro Highlights Fed Holds Rates Steady Amid Inflation Worries and Global Tensions The U.S. Federal Reserve kept its benchmark interest rate unchanged at the 4.25%-4.50% range, maintaining a cautious stance amid persistent economic uncertainty. This decision reflects concerns over lingering inflationary pressures, especially those stemming from newly imposed U.S. tariffs on Chinese imports and […]
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…