CFG AFRICA MACROECONOMIC HIGHLIGHTS 12052025

FG, states add N57tn to debt in 18 months – Nigeria’s total public debt rose by N57.3tn within the first 18 months of the current administration, according to an analysis of data released by the Debt Management Office. The increase represents a 65.6 per cent surge in the debt stock, growing from N87.38tn recorded at […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 09052025

OPEC April oil output falls – Report – The Organisation of the Petroleum Exporting Countries’ oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found. The decline was led by a cut in Venezuelan supply on renewed United States attempts to curb the flows and smaller drops in […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 02052025

Nigeria to fully repay IMF loan by 2029 – Nigeria is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029, according to findings by The PUNCH. The latest repayment schedule published by the Fund on its website showed that the country had secured approval for an emergency financial support […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 28042025

Dangote refinery denies shutting petrol processing unit for repairs – The Dangote Petroleum Refinery in Lekki, Lagos State, has denied shutting down its petrol processing unit for maintenance. A senior spokesperson at the company told The PUNCH on Sunday that “loading of Premium Motor Spirit (petrol) is ongoing as we speak.” A report by Bloomberg […]