Macros Archives - Nairametrics https://nairametrics.com/category/economy/macro-economic/ Destination for Business news and analysis from Africa's largest economy Tue, 04 Jun 2024 17:11:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Macros Archives - Nairametrics https://nairametrics.com/category/economy/macro-economic/ 32 32 201037849 Fitch: Foreign investments depend on FX reforms not higher oil production in Nigeria https://nairametrics.com/2024/06/04/fitch-foreign-investments-depend-on-fx-reforms-not-higher-oil-production-in-nigeria/ https://nairametrics.com/2024/06/04/fitch-foreign-investments-depend-on-fx-reforms-not-higher-oil-production-in-nigeria/#respond Tue, 04 Jun 2024 17:09:51 +0000 https://nairametrics.com/?p=490609 Fitch Ratings has stated that the ongoing foreign exchange (FX) reforms are necessary to boost foreign direct investment (FDI) and foreign portfolio investment (FPI).

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]]> https://nairametrics.com/2024/06/04/fitch-foreign-investments-depend-on-fx-reforms-not-higher-oil-production-in-nigeria/feed/ 0 490609 Eight SSA countries surpass Nigeria in attracting private infrastructure investments in 2023 https://nairametrics.com/2024/05/14/eight-ssa-countries-surpass-nigeria-in-attracting-private-infrastructure-investments-in-2023/ https://nairametrics.com/2024/05/14/eight-ssa-countries-surpass-nigeria-in-attracting-private-infrastructure-investments-in-2023/#comments Tue, 14 May 2024 12:53:12 +0000 https://nairametrics.com/?p=488868 Nigeria, a dominant player and economy in Sub-Saharan Africa (SSA), fell behind eight other SSA countries in attracting private infrastructure investment commitments in 2023.

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]]> https://nairametrics.com/2024/05/14/eight-ssa-countries-surpass-nigeria-in-attracting-private-infrastructure-investments-in-2023/feed/ 1 488868 Netherlands topples India as Nigeria’s second largest trade partner in 2023 https://nairametrics.com/2024/05/14/netherlands-topples-india-as-nigerias-second-largest-trade-partner-in-2023/ https://nairametrics.com/2024/05/14/netherlands-topples-india-as-nigerias-second-largest-trade-partner-in-2023/#respond Tue, 14 May 2024 07:46:27 +0000 https://nairametrics.com/?p=488837 The Netherlands has overtaken India to become Nigeria’s second-largest trade partner in 2023. 

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]]> https://nairametrics.com/2024/05/14/netherlands-topples-india-as-nigerias-second-largest-trade-partner-in-2023/feed/ 0 488837 IMF endorses Tinubunomics, commends FG for tax policies, monetary policies https://nairametrics.com/2024/05/09/imf-endorses-tinubunomics-commends-fg-for-tax-policies-monetary-policies/ https://nairametrics.com/2024/05/09/imf-endorses-tinubunomics-commends-fg-for-tax-policies-monetary-policies/#comments Thu, 09 May 2024 15:13:36 +0000 https://nairametrics.com/?p=488437 The International Monetary Fund (IMF), the financial body has endorsed the economic reforms implemented by President Bola Ahmed Tinubu's administration, noting significant strides in addressing Nigeria’s economic and social challenges.

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]]> https://nairametrics.com/2024/05/09/imf-endorses-tinubunomics-commends-fg-for-tax-policies-monetary-policies/feed/ 1 488437 ECOWAS Bank president lists solutions for regional unemployment, borrowing, food challenges https://nairametrics.com/2024/04/07/ecowas-bank-president-laments-no-job-for-millions-of-nigerian-graduates-others-lists-economic-solutions/ https://nairametrics.com/2024/04/07/ecowas-bank-president-laments-no-job-for-millions-of-nigerian-graduates-others-lists-economic-solutions/#respond Sun, 07 Apr 2024 09:02:30 +0000 https://nairametrics.com/?p=485113 The ECOWAS Bank suggests that millions of unemployed graduates constitutes a challenge in the West African region

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]]> https://nairametrics.com/2024/04/07/ecowas-bank-president-laments-no-job-for-millions-of-nigerian-graduates-others-lists-economic-solutions/feed/ 0 485113 Dollarisation of Naira payments and Nigeria’s macroeconomic instability https://nairametrics.com/2024/03/26/dollarisation-of-naira-payments-and-nigerias-macroeconomic-instability/ https://nairametrics.com/2024/03/26/dollarisation-of-naira-payments-and-nigerias-macroeconomic-instability/#comments Tue, 26 Mar 2024 09:45:06 +0000 https://nairametrics.com/?p=484025 The Naira has been battered beyond a fraction of what gold did to silver under bimetallism in France.

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]]> https://nairametrics.com/2024/03/26/dollarisation-of-naira-payments-and-nigerias-macroeconomic-instability/feed/ 1 484025 Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance  https://nairametrics.com/2024/03/26/nigerias-money-supply-hits-historic-n95-56-trillion-in-feb-2024-despite-mpcs-tightening-stance/ https://nairametrics.com/2024/03/26/nigerias-money-supply-hits-historic-n95-56-trillion-in-feb-2024-despite-mpcs-tightening-stance/#respond Tue, 26 Mar 2024 06:48:22 +0000 https://nairametrics.com/?p=483997 Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite the hawkish tightening stance of the Monetary Policy Committee (MPC). 

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]]> https://nairametrics.com/2024/03/26/nigerias-money-supply-hits-historic-n95-56-trillion-in-feb-2024-despite-mpcs-tightening-stance/feed/ 0 483997 Nigeria’s vehicle imports increased by 226.4% in 2023  https://nairametrics.com/2024/03/12/nigerias-vehicle-imports-increased-by-226-4-in-2023/ https://nairametrics.com/2024/03/12/nigerias-vehicle-imports-increased-by-226-4-in-2023/#respond Tue, 12 Mar 2024 06:55:23 +0000 https://nairametrics.com/?p=482423 The total value of Nigeria’s used vehicle import increased significantly from N325.05 billion in 2022 to N1.063 trillion in 2023- marking an increase of 226.46% over a one-year period.  

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]]> https://nairametrics.com/2024/03/12/nigerias-vehicle-imports-increased-by-226-4-in-2023/feed/ 0 482423 Macro updates: Nigeria falls short of net exports despite record monthly trade surplus https://nairametrics.com/2024/03/11/macro-updates-nigeria-falls-short-of-net-exports-despite-record-monthly-trade-surplus/ https://nairametrics.com/2024/03/11/macro-updates-nigeria-falls-short-of-net-exports-despite-record-monthly-trade-surplus/#respond Mon, 11 Mar 2024 13:25:31 +0000 https://nairametrics.com/?p=482344 In Q4 of 2023, Nigeria shifted back into net importer status, primarily attributed to a substantial acquisition of tanks and armoured vehicles in October, valued at N5.06 trillion.

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]]> https://nairametrics.com/2024/03/11/macro-updates-nigeria-falls-short-of-net-exports-despite-record-monthly-trade-surplus/feed/ 0 482344 Exchange rate disparity between official and parallel market fall to all time low https://nairametrics.com/2024/03/09/exchange-rate-disparity-between-official-and-parallel-market-fall-to-all-time-low/ https://nairametrics.com/2024/03/09/exchange-rate-disparity-between-official-and-parallel-market-fall-to-all-time-low/#respond Sat, 09 Mar 2024 18:33:47 +0000 https://nairametrics.com/?p=482194 The exchange rate between the Naira and the Dollar seems to have reached parity following the central bank's crackdown on Binance, a platform for trading cryptocurrencies.

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]]> https://nairametrics.com/2024/03/09/exchange-rate-disparity-between-official-and-parallel-market-fall-to-all-time-low/feed/ 0 482194 Southwest tops charts with highest healthy diet costs, soaring to N1,145 per meal- NBS https://nairametrics.com/2024/03/09/southwest-tops-charts-with-highest-healthy-diet-costs-soaring-to-n1145-per-meal-nbs/ https://nairametrics.com/2024/03/09/southwest-tops-charts-with-highest-healthy-diet-costs-soaring-to-n1145-per-meal-nbs/#respond Sat, 09 Mar 2024 15:08:21 +0000 https://nairametrics.com/?p=482192 The 2024 report from the Nigeria Bureau of Statistics reveals that the highest cost of a healthy diet is found in the Southwest of Nigeria, reaching N1145 per meal in the priciest state.

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]]> https://nairametrics.com/2024/03/09/southwest-tops-charts-with-highest-healthy-diet-costs-soaring-to-n1145-per-meal-nbs/feed/ 0 482192 Nigeria spends N3.25 trillion more on importing armoured vehicles than petrol in Q4 2023  https://nairametrics.com/2024/03/09/nigeria-spends-n3-25-trillion-more-on-importing-armoured-vehicles-than-petrol-in-q4-2023/ https://nairametrics.com/2024/03/09/nigeria-spends-n3-25-trillion-more-on-importing-armoured-vehicles-than-petrol-in-q4-2023/#comments Sat, 09 Mar 2024 14:02:18 +0000 https://nairametrics.com/?p=482186 Nigeria’s import expenditure on armoured vehicles has significantly surpassed that on fuel in the final quarter of 2023, according to the National Bureau of Statistics (NBS). 

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]]> https://nairametrics.com/2024/03/09/nigeria-spends-n3-25-trillion-more-on-importing-armoured-vehicles-than-petrol-in-q4-2023/feed/ 1 482186 Nigeria’s import bill surges 66.8% in 4th quarter of 2023 https://nairametrics.com/2024/03/09/nigerias-import-bill-surges-66-8-in-4th-quarter-of-2023/ https://nairametrics.com/2024/03/09/nigerias-import-bill-surges-66-8-in-4th-quarter-of-2023/#respond Sat, 09 Mar 2024 13:39:58 +0000 https://nairametrics.com/?p=482178 Driven by exchange rate depreciation Nigeria's import bill surged by an astonishing 66.8% in the fourth quarter of 2023, reaching N14.1 trillion.

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]]> https://nairametrics.com/2024/03/09/nigerias-import-bill-surges-66-8-in-4th-quarter-of-2023/feed/ 0 482178 Nigeria spends N3.5 trillion on fuel importation since subsidy removal https://nairametrics.com/2024/03/09/nigeria-spends-n3-5-trillion-on-fuel-importation-since-subsidy-removal/ https://nairametrics.com/2024/03/09/nigeria-spends-n3-5-trillion-on-fuel-importation-since-subsidy-removal/#respond Sat, 09 Mar 2024 12:33:06 +0000 https://nairametrics.com/?p=482021 Data from the National Bureau of Statistics reveals that Nigeria spent a staggering N3.5 trillion on fuel imports in the second half of 2023.

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]]> https://nairametrics.com/2024/03/09/nigeria-spends-n3-5-trillion-on-fuel-importation-since-subsidy-removal/feed/ 0 482021 Egypt to get $8 billion IMF bailout after removing currency controls  https://nairametrics.com/2024/03/06/egypt-to-get-8-billion-imf-bailout-after-removing-currency-controls/ https://nairametrics.com/2024/03/06/egypt-to-get-8-billion-imf-bailout-after-removing-currency-controls/#respond Wed, 06 Mar 2024 17:13:30 +0000 https://nairametrics.com/?p=481907 Egypt has successfully negotiated an expansion of its International Monetary Fund's (IMF) bailout package to $8 billion, following the government's bold decision to allow the Egyptian pound to plummet to an unprecedented low against the US dollar. 

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]]> https://nairametrics.com/2024/03/06/egypt-to-get-8-billion-imf-bailout-after-removing-currency-controls/feed/ 0 481907 Nigeria may struggle to get macroeconomic stability without more monetary tightening – Fitch https://nairametrics.com/2024/03/06/nigeria-may-struggle-to-get-macroeconomic-stability-without-more-monetary-tightening-fitch/ https://nairametrics.com/2024/03/06/nigeria-may-struggle-to-get-macroeconomic-stability-without-more-monetary-tightening-fitch/#respond Wed, 06 Mar 2024 07:04:26 +0000 https://nairametrics.com/?p=481810 Fitch Ratings Inc. has underscored the necessity for Nigeria to adopt more stringent monetary tightening measures to secure macroeconomic stability.

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]]> https://nairametrics.com/2024/03/06/nigeria-may-struggle-to-get-macroeconomic-stability-without-more-monetary-tightening-fitch/feed/ 0 481810 Egypt secures $35 billion investment deal from UAE as Nigeria keeps waiting https://nairametrics.com/2024/02/23/egypt-secures-35-billion-investment-deal-from-uae-as-nigeria-keeps-waiting/ https://nairametrics.com/2024/02/23/egypt-secures-35-billion-investment-deal-from-uae-as-nigeria-keeps-waiting/#respond Fri, 23 Feb 2024 16:03:26 +0000 https://nairametrics.com/?p=480745 Egypt announced on Friday a monumental $35 billion investment deal with the United Arab Emirates (UAE) to develop the Ras El Hikma peninsula

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]]> https://nairametrics.com/2024/02/23/egypt-secures-35-billion-investment-deal-from-uae-as-nigeria-keeps-waiting/feed/ 0 480745 Nigeria Breweries records N106 billion loss, CEO says consumers no longer able to afford Goldberg  https://nairametrics.com/2024/02/20/nigeria-breweries-records-n106-billion-loss-ceo-says-consumers-no-longer-able-to-afford-goldberg/ https://nairametrics.com/2024/02/20/nigeria-breweries-records-n106-billion-loss-ceo-says-consumers-no-longer-able-to-afford-goldberg/#comments Tue, 20 Feb 2024 05:36:21 +0000 https://nairametrics.com/?p=480311 He said this while speaking to investors on the company’s financial resulted where he stated that despite the ugly macroeconomic conditions the company recorded a 9% increase in revenue to N599.6 billion.  

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]]> https://nairametrics.com/2024/02/20/nigeria-breweries-records-n106-billion-loss-ceo-says-consumers-no-longer-able-to-afford-goldberg/feed/ 1 480311 IMF tells FG to increase electricity and fuel prices by phasing out subsidies https://nairametrics.com/2024/02/13/imf-tells-fg-to-increase-electricity-and-fuel-prices-by-phasing-out-subsidies/ https://nairametrics.com/2024/02/13/imf-tells-fg-to-increase-electricity-and-fuel-prices-by-phasing-out-subsidies/#comments Tue, 13 Feb 2024 08:21:20 +0000 https://nairametrics.com/?p=479777 The International Monetary Fund (IMF) has urged the federal government to fully eliminate subsidies for fuel and electricity, highlighting that these financial supports are not only expensive but also ineffective in benefiting the populations most in need of assistance.

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]]> https://nairametrics.com/2024/02/13/imf-tells-fg-to-increase-electricity-and-fuel-prices-by-phasing-out-subsidies/feed/ 4 479777 Nigeria’s foreign reserve to drop to $24 billion in 2024 – IMF https://nairametrics.com/2024/02/12/nigerias-foreign-reserve-to-drop-to-24-billion-in-2024-imf/ https://nairametrics.com/2024/02/12/nigerias-foreign-reserve-to-drop-to-24-billion-in-2024-imf/#respond Mon, 12 Feb 2024 09:50:59 +0000 https://nairametrics.com/?p=479709 In a concerning forecast by the International Monetary Fund (IMF), Nigeria's foreign reserve is expected to see a significant reduction, falling to $24 billion in the year 2024.

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]]> https://nairametrics.com/2024/02/12/nigerias-foreign-reserve-to-drop-to-24-billion-in-2024-imf/feed/ 0 479709