African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
The Federal Government is considering an excess-profit tax on energy operators accused of taking undue advantage of consumers amid rising petrol prices. Taiwo Oyedele, Minister of Finance and Coordinating Minister …
The International Monetary Fund (IMF) has urged central banks across several economies to maintain a cautious approach to monetary policy, warning that persistent inflationary pressures could require interest rates to …
Nigeria’s foreign exchange reserves have climbed to $55.06 billion as of October 8, 2026, strengthening the country’s capacity to manage external shocks and support stability in the foreign exchange market. …
The International Monetary Fund (IMF) has urged central banks in many countries to maintain a cautious approach to monetary policy, warning that inflationary pressures remain persistent despite efforts to bring …
The International Monetary Fund (IMF) has projected Nigeria’s economy to grow by 4.3 percent in 2027, up from 4.2 percent in 2026, as inflation gradually eases. However, the Fund warned …
President Bola Tinubu has welcomed the World Bank’s October 2026 Nigeria Development Update, saying its findings indicate progress from the economic reforms introduced by his administration. The report, titled Beyond …
Nigeria’s food crisis requires a coordinated response that addresses rising prices, insecurity, weak agricultural production and the growing cost of transporting food across the country. Although food inflation eased in …
Investor demand for Nigerian Treasury bills fell sharply at the latest auction as higher-yielding Open Market Operations (OMO) securities attracted more liquidity from the fixed-income market. Total subscriptions for Treasury …
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to ensure that ongoing economic reforms translate into productive investment, scalable job creation and improved living standards for …
Nigeria’s current account surplus is expected to rise to 6.0 percent of gross domestic product (GDP) in 2026, up from 4.8 percent recorded in 2025, according to the World Bank. …
Chat us up