Economy Archives - Nairametrics https://nairametrics.com/category/economy/ Destination for Business news and analysis from Africa's largest economy Wed, 09 Jul 2025 16:20:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Economy Archives - Nairametrics https://nairametrics.com/category/economy/ 32 32 201037849 IMF flags cross-border crypto risks for Nigeria as global market surges 1,511% in five years  https://nairametrics.com/2025/07/09/imf-flags-cross-border-crypto-risks-for-nigeria-as-global-market-surges-1511-in-five-years/ https://nairametrics.com/2025/07/09/imf-flags-cross-border-crypto-risks-for-nigeria-as-global-market-surges-1511-in-five-years/#respond Wed, 09 Jul 2025 16:20:37 +0000 https://nairametrics.com/?p=518801 The International Monetary Fund (IMF) has raised red flags over Nigeria’s growing use of crypto assets for cross-border transactions, citing substantial risks to capital flow management, monetary stability, and regulatory effectiveness—especially in emerging markets. 

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]]> https://nairametrics.com/2025/07/09/imf-flags-cross-border-crypto-risks-for-nigeria-as-global-market-surges-1511-in-five-years/feed/ 0 518801 UNCTAD: Nigeria, developing countries lag in Q1 2025 global trade growth  https://nairametrics.com/2025/07/09/unctad-nigeria-developing-countries-lag-in-q1-2025-global-trade-growth/ https://nairametrics.com/2025/07/09/unctad-nigeria-developing-countries-lag-in-q1-2025-global-trade-growth/#respond Wed, 09 Jul 2025 10:48:31 +0000 https://nairametrics.com/?p=518779 Nigeria and other developing economies lagged behind in global trade growth and digital market participation during the first quarter of 2025. 

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]]> https://nairametrics.com/2025/07/09/unctad-nigeria-developing-countries-lag-in-q1-2025-global-trade-growth/feed/ 0 518779 June 2025 PMI: CBN warns of inflation as input costs outpace output prices https://nairametrics.com/2025/07/08/june-2025-pmi-cbn-warns-of-inflation-as-input-costs-outpace-output-prices/ https://nairametrics.com/2025/07/08/june-2025-pmi-cbn-warns-of-inflation-as-input-costs-outpace-output-prices/#respond Tue, 08 Jul 2025 17:13:33 +0000 https://nairametrics.com/?p=518733 The Central Bank of Nigeria (CBN) has raised concerns that the continued rise in input costs across major sectors may trigger a new round of consumer price inflation, as businesses struggle to absorb cost pressures. 

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]]> https://nairametrics.com/2025/07/08/june-2025-pmi-cbn-warns-of-inflation-as-input-costs-outpace-output-prices/feed/ 0 518733 Nigeria to IMF: Stop the overreaction – Tinubu’s adviser defends economic policies   https://nairametrics.com/2025/07/08/nigeria-to-imf-stop-the-overreaction-tinubus-adviser-defends-economic-policies/ https://nairametrics.com/2025/07/08/nigeria-to-imf-stop-the-overreaction-tinubus-adviser-defends-economic-policies/#respond Tue, 08 Jul 2025 12:25:56 +0000 https://nairametrics.com/?p=518707 The Presidency has cautioned the International Monetary Fund (IMF) against what it described as excessive and often exaggerated assessments of the country's economic reforms, inflation, and poverty levels. 

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]]> https://nairametrics.com/2025/07/08/nigeria-to-imf-stop-the-overreaction-tinubus-adviser-defends-economic-policies/feed/ 0 518707 House of Reps approves N774.77 billion NIMASA budget proposal  https://nairametrics.com/2025/07/08/house-of-reps-approves-n774-77-billion-nimasa-budget-proposal/ https://nairametrics.com/2025/07/08/house-of-reps-approves-n774-77-billion-nimasa-budget-proposal/#respond Tue, 08 Jul 2025 11:08:49 +0000 https://nairametrics.com/?p=518703 The House of Representatives Committee on Maritime Safety, Education, and Administration has approved the 2025 budget proposal of N774.77 billion for the Nigerian Maritime Administration and Safety Agency (NIMASA). 

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]]> https://nairametrics.com/2025/07/08/house-of-reps-approves-n774-77-billion-nimasa-budget-proposal/feed/ 0 518703 IMF flags absence of social buffer for poor Nigerians amid reforms  https://nairametrics.com/2025/07/08/imf-flags-absence-of-social-buffer-for-poor-nigerians-amid-reforms/ https://nairametrics.com/2025/07/08/imf-flags-absence-of-social-buffer-for-poor-nigerians-amid-reforms/#respond Tue, 08 Jul 2025 09:57:48 +0000 https://nairametrics.com/?p=518693 The International Monetary Fund (IMF) has expressed concern over Nigeria’s lack of an adequate social safety net to shield vulnerable citizens from the adverse effects of ongoing economic reforms. 

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]]> https://nairametrics.com/2025/07/08/imf-flags-absence-of-social-buffer-for-poor-nigerians-amid-reforms/feed/ 0 518693 FIRS begins renegotiation of double taxation treaty with Netherlands amid tax reforms  https://nairametrics.com/2025/07/07/firs-begins-renegotiation-of-double-taxation-treaty-with-netherlands-amid-tax-reforms/ https://nairametrics.com/2025/07/07/firs-begins-renegotiation-of-double-taxation-treaty-with-netherlands-amid-tax-reforms/#respond Mon, 07 Jul 2025 19:08:54 +0000 https://nairametrics.com/?p=518672 The Federal Inland Revenue Service (FIRS) has commenced formal renegotiations of its Double Taxation Agreement (DTA) with the Kingdom of the Netherlands.  

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]]> https://nairametrics.com/2025/07/07/firs-begins-renegotiation-of-double-taxation-treaty-with-netherlands-amid-tax-reforms/feed/ 0 518672 Analysts project fastest GDP growth since 2014, pinpoint stocks set to rally in H2 2025  https://nairametrics.com/2025/07/07/analysts-project-fastest-gdp-growth-since-2014-pinpoint-stocks-set-to-rally-in-h2-2025/ https://nairametrics.com/2025/07/07/analysts-project-fastest-gdp-growth-since-2014-pinpoint-stocks-set-to-rally-in-h2-2025/#respond Mon, 07 Jul 2025 18:57:34 +0000 https://nairametrics.com/?p=518671 Analysts at CardinalStone are projecting Nigeria’s GDP in H2 2025 to grow at its fastest pace since 2014, fueled largely by renewed activity in the oil and gas sector. 

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]]> https://nairametrics.com/2025/07/07/analysts-project-fastest-gdp-growth-since-2014-pinpoint-stocks-set-to-rally-in-h2-2025/feed/ 0 518671 Trump sets August 1 tariff deadline as global trade talks intensify  https://nairametrics.com/2025/07/07/trump-sets-august-1-tariff-deadline-as-global-trade-talks-intensify/ https://nairametrics.com/2025/07/07/trump-sets-august-1-tariff-deadline-as-global-trade-talks-intensify/#respond Mon, 07 Jul 2025 14:02:09 +0000 https://nairametrics.com/?p=518649 U.S. President Donald Trump has set a new deadline of August 1 for the implementation of sweeping tariffs, giving global trading partners three additional weeks to finalize trade agreements and avoid punitive levies on exports to the United States. 

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]]> https://nairametrics.com/2025/07/07/trump-sets-august-1-tariff-deadline-as-global-trade-talks-intensify/feed/ 0 518649 Nigeria to face additional 10% tariff for aligning with BRICS – Trump https://nairametrics.com/2025/07/07/nigeria-to-face-additional-10-tariff-for-aligning-with-brics-trump/ https://nairametrics.com/2025/07/07/nigeria-to-face-additional-10-tariff-for-aligning-with-brics-trump/#respond Mon, 07 Jul 2025 07:34:13 +0000 https://nairametrics.com/?p=518608 President Donald Trump has announced that Nigeria will be among countries facing an additional 10% tariff for aligning with what he described as the “anti-American policies of BRICS.”

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]]> https://nairametrics.com/2025/07/07/nigeria-to-face-additional-10-tariff-for-aligning-with-brics-trump/feed/ 0 518608 President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil   https://nairametrics.com/2025/07/06/president-tinubu-to-remove-bottlenecks-hindering-livestock-production-export-between-nigeria-and-brazil/ https://nairametrics.com/2025/07/06/president-tinubu-to-remove-bottlenecks-hindering-livestock-production-export-between-nigeria-and-brazil/#respond Sun, 06 Jul 2025 06:06:35 +0000 https://nairametrics.com/?p=518573 President Bola Tinubu has assured his Brazilian counterpart, Luiz Inácio Lula da Silva, that he will remove all bottlenecks hindering the agricultural sector’s potential—including livestock production—with a view to enabling food sovereignty and boosting exports. 

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]]> https://nairametrics.com/2025/07/06/president-tinubu-to-remove-bottlenecks-hindering-livestock-production-export-between-nigeria-and-brazil/feed/ 0 518573 Nigeria, Ghana, and SA face volatility as half of African currencies show signs of depreciation – Report  https://nairametrics.com/2025/07/05/nigeria-ghana-and-sa-face-volatility-as-half-of-african-currencies-show-signs-of-depreciation-report/ https://nairametrics.com/2025/07/05/nigeria-ghana-and-sa-face-volatility-as-half-of-african-currencies-show-signs-of-depreciation-report/#comments Sat, 05 Jul 2025 11:05:06 +0000 https://nairametrics.com/?p=518521 Nearly half of African currencies have shown signs of depreciation despite steady development across the continent, according to the latest edition of the Monthly Developments in the African Macroeconomic Environment report published by the African Export-Import Bank (Afreximbank) for June 2025. The report, which analyzed exchange rate dynamics for May 2025, revealed a mixed performance […]

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]]> https://nairametrics.com/2025/07/05/nigeria-ghana-and-sa-face-volatility-as-half-of-african-currencies-show-signs-of-depreciation-report/feed/ 2 518521 President Tinubu to address BRICS Summit on Nigeria’s economic reforms and investment drive  https://nairametrics.com/2025/07/05/president-tinubu-to-address-brics-summit-on-nigerias-economic-reforms-and-investment-drive/ https://nairametrics.com/2025/07/05/president-tinubu-to-address-brics-summit-on-nigerias-economic-reforms-and-investment-drive/#respond Sat, 05 Jul 2025 11:02:25 +0000 https://nairametrics.com/?p=518520 President Bola Tinubu has arrived in Brazil to participate in the 17th BRICS Summit of Heads of State and Government, where he is expected to deliver a keynote address on Nigeria’s ongoing economic reforms and its strategic repositioning for global competitiveness. The summit, which takes place on July 6 and 7 in Rio de Janeiro, […]

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]]> https://nairametrics.com/2025/07/05/president-tinubu-to-address-brics-summit-on-nigerias-economic-reforms-and-investment-drive/feed/ 0 518520 10 African Central Banks exploring digital currencies in 2025  https://nairametrics.com/2025/07/04/10-african-central-banks-exploring-digital-currencies-in-2025/ https://nairametrics.com/2025/07/04/10-african-central-banks-exploring-digital-currencies-in-2025/#respond Fri, 04 Jul 2025 15:08:18 +0000 https://nairametrics.com/?p=518475 Currently, African countries are actively researching, piloting, or rolling out Central Bank Digital Currencies (CBDCs), a testament to the continent’s growing commitment to fintech innovation and financial inclusion.

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]]> https://nairametrics.com/2025/07/04/10-african-central-banks-exploring-digital-currencies-in-2025/feed/ 0 518475 FG inaugurates National Credit Guarantee Company Board to boost MSME financing  https://nairametrics.com/2025/07/04/fg-inaugurates-national-credit-guarantee-company-board-to-boost-msme-financing/ https://nairametrics.com/2025/07/04/fg-inaugurates-national-credit-guarantee-company-board-to-boost-msme-financing/#comments Fri, 04 Jul 2025 06:07:56 +0000 https://nairametrics.com/?p=518440 The Federal Government has officially inaugurated the Board of Directors of the newly established National Credit Guarantee Company Limited (NCGC Ltd), an institution aimed at unlocking access to affordable financing for Nigeria’s micro, small, and medium enterprises (MSMEs). 

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]]> https://nairametrics.com/2025/07/04/fg-inaugurates-national-credit-guarantee-company-board-to-boost-msme-financing/feed/ 2 518440 Edo IGR hits N52.6 billion in first half of 2025 – says EIRS boss  https://nairametrics.com/2025/07/03/edo-igr-hits-n52-6-billion-in-first-half-of-2025-says-eirs-boss/ https://nairametrics.com/2025/07/03/edo-igr-hits-n52-6-billion-in-first-half-of-2025-says-eirs-boss/#respond Thu, 03 Jul 2025 14:12:45 +0000 https://nairametrics.com/?p=518413 The Edo State Internal Revenue Service (EIRS) on Thursday announced that the state’s Internally Generated Revenue (IGR) increased from N36.1 billion in the first half of 2024 to N52.6 billion in the same period of 2025. 

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]]> https://nairametrics.com/2025/07/03/edo-igr-hits-n52-6-billion-in-first-half-of-2025-says-eirs-boss/feed/ 0 518413 Stanbic IBTC predicts 200 bps cut in Nigeria’s interest rates for 2025  https://nairametrics.com/2025/07/03/stanbic-ibtc-predicts-200-bps-cut-in-nigerias-interest-rates-for-2025/ https://nairametrics.com/2025/07/03/stanbic-ibtc-predicts-200-bps-cut-in-nigerias-interest-rates-for-2025/#respond Thu, 03 Jul 2025 14:04:42 +0000 https://nairametrics.com/?p=518411 The latest Purchasing Managers’ Index (PMI) report from Stanbic IBTC Bank has noted that, alongside structural reforms and the removal of protectionist policies, inflationary pressures are expected to ease, allowing for a 150 to 200 basis point rate cut in 2025, with further reductions in 2026. In the report, the Head of Equity Research at […]

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]]> https://nairametrics.com/2025/07/03/stanbic-ibtc-predicts-200-bps-cut-in-nigerias-interest-rates-for-2025/feed/ 0 518411 Nigeria’s fiscal deficit may hit 4.7% of GDP in 2025 – IMF  https://nairametrics.com/2025/07/03/nigerias-fiscal-deficit-may-hit-4-7-of-gdp-in-2025-imf/ https://nairametrics.com/2025/07/03/nigerias-fiscal-deficit-may-hit-4-7-of-gdp-in-2025-imf/#respond Thu, 03 Jul 2025 13:23:51 +0000 https://nairametrics.com/?p=518409 Nigeria’s fiscal deficit is expected to rise to 4.7% of Gross Domestic Product (GDP) in 2025, according to the latest International Monetary Fund (IMF) report. 

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]]> https://nairametrics.com/2025/07/03/nigerias-fiscal-deficit-may-hit-4-7-of-gdp-in-2025-imf/feed/ 0 518409 IMF commendation sparks strong gains for Naira across parallel, official markets  https://nairametrics.com/2025/07/03/imf-commendation-sparks-strong-gains-for-naira-across-parallel-official-markets/ https://nairametrics.com/2025/07/03/imf-commendation-sparks-strong-gains-for-naira-across-parallel-official-markets/#respond Thu, 03 Jul 2025 12:02:04 +0000 https://nairametrics.com/?p=518406 The naira appreciated to N1,565 per dollar on Thursday at the parallel market, up from N1,580 per dollar on Wednesday, according to a Nairametrics market survey in Lagos. 

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]]> https://nairametrics.com/2025/07/03/imf-commendation-sparks-strong-gains-for-naira-across-parallel-official-markets/feed/ 0 518406 Nigeria urges overhaul of global financial system to reflect developing nations’ realities https://nairametrics.com/2025/07/03/nigeria-urges-overhaul-of-global-financial-system-to-reflect-developing-nations-realities/ https://nairametrics.com/2025/07/03/nigeria-urges-overhaul-of-global-financial-system-to-reflect-developing-nations-realities/#respond Thu, 03 Jul 2025 06:19:39 +0000 https://nairametrics.com/?p=518384 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the international community to recalibrate the global financial system to better serve the needs of developing economies.

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]]> https://nairametrics.com/2025/07/03/nigeria-urges-overhaul-of-global-financial-system-to-reflect-developing-nations-realities/feed/ 0 518384