Nigeria Strengthens Healthcare Through Strategic US & EU Partnerships
Global Macro Highlights UK Growth Slows Amid Weak Demand According to the U.S. Bureau of Economic Analysis (BEA), the U.S. economy expanded at an annualised rate of 4.3% in Q3:2025, up from 3.8% in Q2:2025, the strongest growth rate in several quarters. The main driver of this growth was consumer spending which rose by 3.5% […]
CBN Holds MPR at 27% as MPC Signals Confidence in Economic Stability
Global Macro Highlights UK Autumn Budget Tightens Taxes on Property, Dividends and Savings According to the UK Office for Budget Responsibility, the Autumn Budget introduced a series of tax measures aimed at boosting revenue and encouraging investment through regulated channels. The government is raising taxes on property, dividend and savings income, reflecting the fact that […]
Nigeria Records 11th Month of Economic Expansion Driven by Industry, Services, and Agriculture
Global Macro Highlights UK Economy Shows Slower Growth Amid Weak Investment and Rising Costs According to the Office for National Statistics, the UK economy expanded by 1.3% YoY in Q3:2025, slightly below 1.4% YoY in Q2:2025 as business investment slowed to 0.7% YoY, household consumption eased to 0.7% YoY, and net trade weighed on output […]
Nigeria’s Currency in Circulation Growth Slows, Reflecting Tighter Liquidity and Rising Digital Payment
Global Macro Highlights BOE Holds Rates at 4%, Weighing Inflation, Wages, and Fiscal Uncertainty The Bank of England (BOE) kept the Monetary Policy Rate unchanged at 4.0%, marking two consecutive meetings with a hold decision. The policymakers noted that cutting rates too soon could risk reversing the recent progress on prices, especially with wage growth […]
FGN Imposes 15% Import Duty on Refined Fuel to Boost Local Refining and Ease FX Pressure
Global Macro Highlights Fed Cuts Rates Again, Ends Quantitative Tightening to Support Growth Amid Rising Unemployment The Federal Reserve lowered its benchmark interest rate by 25bps to a range of 3.8%–4.0% at its October 2025 FOMC meeting, marking its second consecutive rate cut this year. The decision comes despite the elevated inflation rate which still […]
Nigeria Launches Digital Treasury Platform to Curb Revenue Leakages and Boost Transparency
Global Macro Highlights U.S. Inflation Edges Higher in September Amid Energy Price Surge, Core Measures Ease The Consumer Price Index (CPI), as reported by the U.S. Bureau of Labor Statistics (BLS), registered a 3.0 YoY increase in September 2025, a slight acceleration from the 2.9% YoY rise observed in August. On a month-over-month (MoM) basis, […]
Nigeria’s PMI Climbs to 54.0pts in September, Signaling Stronger Economic Expansion Across Key Sectors
Global Macro Highlights IMF Upgrades 2025 Global Growth Forecast Amid Stronger Economic Activity The IMF has revised its 2025 global growth forecast upward to 3.2% from 3.0% in its June projection. This upgrade was attributed to the lower-than- expected tariff rates, strong global output supported by the front-loaded imports and rerouted supply chains which reduced […]
Nigeria’s GDP Growth Hits 4.2%, Strongest in Four Years
Global Macro Highlights US Records 3.8% Growth in Q2 2025, Fastest Since Q3 2023 The Bureau of Economic Analysis (BEA) reported that the US economy expanded by 3.8% YoY in Q2:2025, outperforming expectations and marking its fastest pace of growth since Q3:2023. The acceleration was driven primarily by resilient consumer spending, which rose by 2.5% […]
Nigeria’s Inflation Eased to 20.1% in August, Boosted by Harvest and Stable FX
Global Macro Highlights Fed Cuts Rates Amid Cooling Labor Market Despite Inflation Pressures The U.S. Federal Reserve (Fed) cut its benchmark rate by 25bps. The decision came despite a mild uptick in headline inflation, which rose to 2.9% YoY in August (vs. 2.7% in July), largely driven by higher food prices (3.2% vs. 2.9%), while […]
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 […]