CFG AFRICA MACROECONOMIC HIGHLIGHTS 28052025

 Airtel, insurance stocks push market cap beyond N70tn – The Nigerian Exchange closed on a bullish note on Tuesday as the equities market capitalisation surged past the N70tn mark, following renewed investor interest in heavyweight stocks like Airtel Africa and key players in the insurance sector. At the close of trading, the All-Share Index rose […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 23052025

Raising economic growth with MPC decisions – The Monetary Policy Committee’s decision to retain the benchmark interest rate at 27.5 per cent, as expected, has triggered various reactions, FELIX OLOYEDE reports The Monetary Policy Committee tightening measures have constituted significant levers pulling inflation down. By retaining the benchmark interest rate at 27.5 per cent, leaving […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 19052025

 FG grants China approval to establish electric vehicle factories – The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria’s Solid Minerals sector through the establishment of electric vehicle factories in Nigeria. Dunhai disclosed this while paying a courtesy visit […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 16052025

Economic strain: Inflation surges above 30% in Abuja, 10 states – The National Bureau of Statistics released its Consumer Price Index report for April 2025, revealing a slight easing in Nigeria’s inflation rate compared to previous months and the same period last year. The headline inflation rate moderated to 23.71 per cent year-on-year, marking a […]