CFG AFRICA MACROECONOMIC HIGHLIGHTS 15052025

Fuel import increased after Dangote’s reduced output — S&P – Reduced output from the Dangote Petroleum Refinery due to maintenance supported a bounce in West African import demand, as the market has reverted to European supplies to serve regional demand. According to S&P Global Commodities at Sea data, gasoline imports to Nigeria and Togo surged […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 14052025

FG lists N4.3bn savings bonds on NGX – The Federal Government has listed its April 2025 Savings Bonds valued at N4.3bn on the Nigerian Exchange Limited. The listing, which took place on Tuesday, was disclosed in a market bulletin issued by the NGX Regulation Limited. According to the NGX, two tranches of the FGN Savings […]

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 […]