Echotitbits – Nigeria News

Tag: macroeconomics

  • UN outlook sees global growth easing to about 2.7% in 2026 amid uncertainty

    UN outlook sees global growth easing to about 2.7% in 2026 amid uncertainty

    Figures cited by The Guardian Nigeria from the UN’s World Economic Situation and Prospects 2026 suggest global economic output could grow about 2.7% in 2026, slightly below the prior year estimate and under the pre‑pandemic average.

    The report highlights headwinds from higher tariffs, geopolitical uncertainty and uneven recoveries across regions, with growth forecasts varying across the US, EU, Asia and Africa.

    For Nigeria, a softer global environment can affect oil prices, capital flows, remittances and borrowing costs—making domestic reforms and stability even more important.

    Investors and policymakers will be watching inflation trends and central-bank easing cycles globally, which can influence risk appetite for emerging markets.

    Echotitbits take: Nigeria’s external environment may be less supportive this year. Watch for how fiscal and FX reforms cushion shocks, and whether trade diversification reduces oil dependence.

    Source: Reuters – https://www.reuters.com/business/un-predicts-world-economic-growth-slip-27-2026-2026-01-08/ 9 January 2026

    Reuters Nigeria 2026-01-09

    Photo Credit: Reuters

  • Tinubu says 2026 begins a “more robust phase” for Nigeria’s economic growth

    Tinubu says 2026 begins a “more robust phase” for Nigeria’s economic growth

    2026-01-01 07:35:00
    According to Vanguard, President Bola Tinubu said 2026 would mark the beginning of a more robust phase of economic growth as reforms mature.

    The messaging positions recent macro decisions—subsidy removal, FX changes, and fiscal tightening—as a bridge from instability toward higher growth and investor confidence.

    Household pressure points—prices, jobs and purchasing power—remain the practical scorecard for whether the optimism resonates.

    Punch also framed the outlook as Tinubu pledging a “strong economic rebound.”

    The Guardian Nigeria similarly carried the “more robust phase of economic growth” line in its reporting of the New Year message.

    Echotitbits take:

    The market will judge by outcomes: inflation direction, FX stability, real wages, and whether power/transport constraints ease. Watch Q1 indicators and whether policy consistency holds under social pressure.

    Source: Guardian — January 1, 2026 (https://guardian.ng/politics/full-text-2026-marks-start-of-more-robust-economic-growth-says-tinubu-in-new-year-message/)

    Guardian 2026-01-01

    Photo Credit: Guardian

  • Nigeria’s Capital Importation Drops to $1.13bn in August as Portfolio Inflows Cool

    Nigeria’s Capital Importation Drops to $1.13bn in August as Portfolio Inflows Cool

    Photo Credit: Vanguard
    2025-12-23

    A new update from Vanguard says Nigeria’s capital importation fell 62% month-on-month to $1.13 billion in August 2025 from $2.98 billion in July.

    The update indicated foreign direct investment improved from the prior month, while portfolio flows softened, suggesting more cautious foreign appetite.

    For policymakers, the signal is mixed: better FDI optics, but shrinking total inflows that can pressure FX liquidity and sentiment.

    New Telegraph reported: “Consequently, overall capital importation decreased to $1.13 billion, from $2.98 billion in the preceding month.” Vanguard similarly stated: “Nigeria’s capital importation… fell… to $1.13 billion…”.

    Echotitbits take: This is where FX stability meets credibility. Watch Q4 data for whether longer-term inflows start replacing hot money—and whether policy consistency improves investor comfort.

    Source: Vanguard — December 23, 2025 (https://www.vanguardngr.com/2025/12/capital-importation-declines-62-to-1-13-bn/)
    Vanguard 2025-12-23