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 […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 23042025

Currency in circulation drops to N5tn – Report –  The total amount of naira in circulation decreased to N5tn as of March 2025, marking a decline from N5.04tn recorded in February 2025. This represents a further reduction from N5.24tn in January 2025, according to the latest money and credit statistics on the website of the […]