Macros Archives - Nairametrics https://nairametrics.com/category/economy/macro-economic/ Destination for Business news and analysis from Africa's largest economy Tue, 30 Jul 2024 04:56:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 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 President Tinubu signs N70,000 new minimum wage into law  https://nairametrics.com/2024/07/29/president-tinubu-signs-n70000-new-minimum-wage-into-law/ https://nairametrics.com/2024/07/29/president-tinubu-signs-n70000-new-minimum-wage-into-law/#respond Mon, 29 Jul 2024 14:02:21 +0000 https://nairametrics.com/?p=494698 President Bola Tinubu has signed the new N70,000 national minimum wage into law.  

The post President Tinubu signs N70,000 new minimum wage into law  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/29/president-tinubu-signs-n70000-new-minimum-wage-into-law/feed/ 0 494698 Total import from Malta went from zero to N1.03 trillion in 2023, NBS data reveals https://nairametrics.com/2024/07/28/total-import-from-malta-went-from-zero-to-n1-03-trillion-in-2023-nbs-data-reveals/ https://nairametrics.com/2024/07/28/total-import-from-malta-went-from-zero-to-n1-03-trillion-in-2023-nbs-data-reveals/#respond Sun, 28 Jul 2024 12:33:06 +0000 https://nairametrics.com/?p=494607 Nigeria’s total import from Malta was N1.03 trillion in 2023, according to an analysis of the foreign trade statistics reports released by the National Bureau of Statistics (NBS).  

The post Total import from Malta went from zero to N1.03 trillion in 2023, NBS data reveals appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/28/total-import-from-malta-went-from-zero-to-n1-03-trillion-in-2023-nbs-data-reveals/feed/ 0 494607 CBN to continue with higher interest rates if inflation does not come down – Cardoso https://nairametrics.com/2024/07/18/cbn-to-continue-with-higher-interest-rates-if-inflation-does-not-come-down-cardoso/ https://nairametrics.com/2024/07/18/cbn-to-continue-with-higher-interest-rates-if-inflation-does-not-come-down-cardoso/#comments Thu, 18 Jul 2024 07:22:10 +0000 https://nairametrics.com/?p=493729 The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening measures and hinder the nation's growth potential.

The post CBN to continue with higher interest rates if inflation does not come down – Cardoso appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/18/cbn-to-continue-with-higher-interest-rates-if-inflation-does-not-come-down-cardoso/feed/ 2 493729 Macro and microeconomic positives of a dying economy- By Joseph Edgar https://nairametrics.com/2024/07/14/macro-and-microeconomic-positives-of-a-dying-economy-by-joseph-edgar/ https://nairametrics.com/2024/07/14/macro-and-microeconomic-positives-of-a-dying-economy-by-joseph-edgar/#comments Sun, 14 Jul 2024 13:09:51 +0000 https://nairametrics.com/?p=493329 The Nigerian economy is shrinking rapidly, yet positive trends in fashion, power, and migration hint at potential economic revival

The post Macro and microeconomic positives of a dying economy- By Joseph Edgar appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/14/macro-and-microeconomic-positives-of-a-dying-economy-by-joseph-edgar/feed/ 1 493329 Nairametrics 2024 Q3 Outlook: Why macro-economic trends are yet to show positive signs in Nigeria- Hauwa Mustapha https://nairametrics.com/2024/07/14/nairametrics-2024-q3-outlook-why-macro-economic-trends-are-yet-to-show-positive-signs-in-nigeria-hauwa-mustapha/ https://nairametrics.com/2024/07/14/nairametrics-2024-q3-outlook-why-macro-economic-trends-are-yet-to-show-positive-signs-in-nigeria-hauwa-mustapha/#respond Sun, 14 Jul 2024 08:21:49 +0000 https://nairametrics.com/?p=493308 Nigeria Labour Congress (NLC) Development Policy Analyst, Hauwa Mustapha has stated that macro-economic trends are yet to display positive signs in the economy.

The post Nairametrics 2024 Q3 Outlook: Why macro-economic trends are yet to show positive signs in Nigeria- Hauwa Mustapha appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/14/nairametrics-2024-q3-outlook-why-macro-economic-trends-are-yet-to-show-positive-signs-in-nigeria-hauwa-mustapha/feed/ 0 493308 Nairametrics 2024 Q3 Outlook: 4 ways Nigerian businesses can absorb shock of Tinubu’s economic policies – Tax Advisor, Aliyu  https://nairametrics.com/2024/07/13/nairametrics-2024-q3-outlook-4-ways-nigerian-businesses-can-absorb-shock-of-tinubus-economic-policies-tax-advisor-aliyu/ https://nairametrics.com/2024/07/13/nairametrics-2024-q3-outlook-4-ways-nigerian-businesses-can-absorb-shock-of-tinubus-economic-policies-tax-advisor-aliyu/#respond Sat, 13 Jul 2024 18:47:03 +0000 https://nairametrics.com/?p=493259 Mr. Abdul Rauf Aliyu, Senior Policy Advisor African Centre for Tax and Governance, has advised Nigerian business owners to take several steps to absorb the shocks associated with the petrol subsidy removal and currency floating policies of the federal government.  

The post Nairametrics 2024 Q3 Outlook: 4 ways Nigerian businesses can absorb shock of Tinubu’s economic policies – Tax Advisor, Aliyu  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/13/nairametrics-2024-q3-outlook-4-ways-nigerian-businesses-can-absorb-shock-of-tinubus-economic-policies-tax-advisor-aliyu/feed/ 0 493259 51.6% of informal businesses started due to unemployment in Nigeria – Report https://nairametrics.com/2024/07/06/51-6-of-informal-businesses-started-due-to-unemployment-in-nigeria-report/ https://nairametrics.com/2024/07/06/51-6-of-informal-businesses-started-due-to-unemployment-in-nigeria-report/#respond Sat, 06 Jul 2024 17:02:43 +0000 https://nairametrics.com/?p=492684 Unemployment motivated 51.6% of business owners in Nigeria's informal sector to start their ventures, according to the 2024 informal economy report by Moniepoint.

The post 51.6% of informal businesses started due to unemployment in Nigeria – Report appeared first on Nairametrics.

]]> https://nairametrics.com/2024/07/06/51-6-of-informal-businesses-started-due-to-unemployment-in-nigeria-report/feed/ 0 492684 Diaspora Remittances: Average cost of sending $200 to SSA increases to 7.9% in 2023 – World Bank https://nairametrics.com/2024/06/30/diaspora-remittances-average-cost-of-sending-200-to-ssa-increases-to-7-9-in-2023-world-bank/ https://nairametrics.com/2024/06/30/diaspora-remittances-average-cost-of-sending-200-to-ssa-increases-to-7-9-in-2023-world-bank/#respond Sun, 30 Jun 2024 17:32:23 +0000 https://nairametrics.com/?p=492288 The World Bank has highlighted factors that could lead to a decline in remittance inflow to Nigeria and other countries in the Sub-Saharan Africa region (SSA).

The post Diaspora Remittances: Average cost of sending $200 to SSA increases to 7.9% in 2023 – World Bank appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/30/diaspora-remittances-average-cost-of-sending-200-to-ssa-increases-to-7-9-in-2023-world-bank/feed/ 0 492288 Nigeria receives 35% of Sub-Saharan Africa’s diaspora remittances in 2023 https://nairametrics.com/2024/06/30/nigeria-receives-35-of-sub-saharan-africas-diaspora-remittances-in-2023/ https://nairametrics.com/2024/06/30/nigeria-receives-35-of-sub-saharan-africas-diaspora-remittances-in-2023/#respond Sun, 30 Jun 2024 08:14:13 +0000 https://nairametrics.com/?p=492262 Nigeria emerged as a major recipient of diaspora remittances in Sub-Saharan Africa, capturing approximately 35% of the region’s total inflows in 2023.

The post Nigeria receives 35% of Sub-Saharan Africa’s diaspora remittances in 2023 appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/30/nigeria-receives-35-of-sub-saharan-africas-diaspora-remittances-in-2023/feed/ 0 492262 Companies pay less tax in the first quarter of 2024 as economy worsens  https://nairametrics.com/2024/06/21/companies-pay-less-tax-in-the-first-quarter-of-2024-as-economy-worsens/ https://nairametrics.com/2024/06/21/companies-pay-less-tax-in-the-first-quarter-of-2024-as-economy-worsens/#respond Fri, 21 Jun 2024 05:52:33 +0000 https://nairametrics.com/?p=491655 A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income tax payment by companies in manufacturing, agriculture and 12 others declined by a minimum of 16%.  

The post Companies pay less tax in the first quarter of 2024 as economy worsens  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/21/companies-pay-less-tax-in-the-first-quarter-of-2024-as-economy-worsens/feed/ 0 491655 FMCGs, Telcos to compete with banks for a mega capital raise https://nairametrics.com/2024/06/20/fmcgs-telcos-to-compete-with-banks-for-a-mega-capital-raise/ https://nairametrics.com/2024/06/20/fmcgs-telcos-to-compete-with-banks-for-a-mega-capital-raise/#respond Thu, 20 Jun 2024 07:26:19 +0000 https://nairametrics.com/?p=491573 FMCG's and Telcos in Nigeria are sharpening their investor relations game ahead of massive capital raise as they strive towards repairing their battered balance sheets.

The post FMCGs, Telcos to compete with banks for a mega capital raise appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/20/fmcgs-telcos-to-compete-with-banks-for-a-mega-capital-raise/feed/ 0 491573 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).

The post Fitch: Foreign investments depend on FX reforms not higher oil production in Nigeria appeared first on Nairametrics.

]]> 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.

The post Eight SSA countries surpass Nigeria in attracting private infrastructure investments in 2023 appeared first on Nairametrics.

]]> 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. 

The post Netherlands topples India as Nigeria’s second largest trade partner in 2023 appeared first on Nairametrics.

]]> 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.

The post IMF endorses Tinubunomics, commends FG for tax policies, monetary policies appeared first on Nairametrics.

]]> 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

The post ECOWAS Bank president lists solutions for regional unemployment, borrowing, food challenges appeared first on Nairametrics.

]]> 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.

The post Dollarisation of Naira payments and Nigeria’s macroeconomic instability appeared first on Nairametrics.

]]> 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). 

The post Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance  appeared first on Nairametrics.

]]> 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.  

The post Nigeria’s vehicle imports increased by 226.4% in 2023  appeared first on Nairametrics.

]]> 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.

The post Macro updates: Nigeria falls short of net exports despite record monthly trade surplus appeared first on Nairametrics.

]]> https://nairametrics.com/2024/03/11/macro-updates-nigeria-falls-short-of-net-exports-despite-record-monthly-trade-surplus/feed/ 0 482344