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The unexpected uptick in inflation, coupled with global uncertainty stemming from Trump’s newly imposed tariffs, has dimmed hopes of a rate cut by the CBE when it meets on April 17.
Among African countries hit by Trump’s tariff overhaul, Kenya fared relatively well, receiving the baseline 10% rate—offering it some breathing space amid broader trade disruptions.
While Nigeria’s portfolio investments more than doubled in 2024, foreign direct investment plummeted to nearly half of the previous year’s figure.
With the island nation already grappling with political instability and poverty, the tariff hike raises concerns over its socio-economic stability and growth prospects.
A $19bn FX reserve boost was meant to stabilise Nigeria’s economy. But crude oil is crashing—and with it, the naira and 2025 budget optimism.
In an effort to stabilise the foreign exchange market and improve liquidity, Nigeria’s central bank launched an aggressive dollar injection drive in the first quarter of the year. But despite the scale of intervention, the naira continued to lose ground.
Libya’s second devaluation in 4 years appears targeted at closing the gap between official and black-market exchange rates, but without deeper structural reforms, its impact is likely to be limited.
Withholding tax , Revolut’s South Africa landing, asset and Trump’s Africa tariff list—here’s what mattered last week on Finance in Africa
In this special report, we examine the top 10 African countries targeted by the Trump administration’s new “reciprocal tariffs” and compare the claimed rates to the actual WTO-verified tariffs — both simple and trade-weighted.
Trump’s new tariff structure, set to take effect on April 9, will hit over 50 African countries—targeting some of the continent’s poorest and most vulnerable economies. The sweeping levies threaten to shake the foundations of long-standing US-Africa trade agreements.
Despite the expansion, the country’s foreign reserves remain robust, keeping the shilling stable.
The central bank has indicated it could lower its benchmark rate if inflationary pressures persist in easing.
The path of contentious spending plan remains uncertain despite clearing its first parliamentary hurdle on Tuesday after multiple rejections
Despite the uptick, inflation has remained below the CBK’s 5% target for the past nine months, largely due to a resilient shilling.
Despite gaining four points in March, the PMI remains below the 50-point threshold, indicating ongoing contraction in the sector.
Inflation remains stubbornly high in the cocoa-producing West African nation, well above the government’s targets.
The shift is expected to help the government to boost public finances and stimulate overall economic growth.
TMRAS introduced by Nigeria’s OAGF has left Nigerians confused on the position of Remita. This article answers questions about the revenue system.
Prior to this announcement, the copper-producer has been experiencing a steady rise in inflation since June 2023.
How Nigeria’s new revenue collection system, TMRAS, will impact businesses, government revenue, and tax compliance.