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 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 […]
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 […]
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 […]
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 […]
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…