Tinubu names Dangote, Elumelu, and others members of economic advisory committee

President Bola Tinubu on Sunday, inaugurated an Economic Advisory Committee made of up eminent players in the economic sector, including Aliko Dangote, Tony Elumelu, among others. The committee which was set up to help the Tinubu’s administration tackle the myriad of economic challenges faced by the federal government, was charged by the President to come up […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 16/10/2025

Inflation rate slows, first time in 3 yrs, to 18.02% – Nigeria’s inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025. This is the first time in three years that the nation’s inflation rate fell below 20 percent.  The rate also represents the 6th consecutive […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 13/10/2025

Naira hits 10-month high on strong FX inflows – The naira extended its gains at the official market last week as it gained 0.72 per cent (or N10.5) to close at 1,455.17/$, the strongest it had been since December 2024, data from the Central Bank of Nigeria has revealed. Analysts disclosed that the performance of […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 08/10/2025

World Bank dismisses Nigeria’s single-digit inflation target – The World Bank has said the Federal Government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a handful of African countries still grappling with high Consumer price inflation. In its latest Africa’s Pulse report released on Tuesday, the Bank […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 03/10/2025

CBN rate cut to 27% will squeeze banks’ profits – Moody – Global ratings agency Moody’s Investors Service has warned that Nigeria’s banking sector faces fresh profitability risks after the Central Bank of Nigeria cut its benchmark Monetary Policy Rate to 27% from 27.5%. The CBN said the 50-basis-point cut was driven by sustained disinflation, […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 30/09/2025

NGX offers stockholders N150m exemption on capital gains tax- Investors in Nigeria’s capital market will benefit from a N150m annual exemption under the new Capital Gains Tax regime, following a high-level stakeholder dialogue convened by the Nigerian Exchange Group on the Tax Reform Act 2024.The provision, which takes effect from January 2026, is designed to […]

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