Global Market News

China Q1 GDP growth beats expectations, but US tariff shock dims outlook"” Reuters

China's first-quarter economic growth beat expectations, underpinned by solid consumption and industrial output even as policymakers brace for the impact of U.S. tariffs that analysts say pose the biggest risk to the Asian powerhouse in decades. Click here for more.

Oil dips as markets assess trade war effects"” Reuters

Oil prices edged lower on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy demand. Click here for more

Macroeconomic News

Tinubu Declares Emergency on Food Security"” ThisDay

President Bola Tinubu has declared a national emergency on food security, calling for expanded irrigation infrastructure and participatory water resource management. The president, who was represented by the Secretary to the Government of the Federation, George Akume, made the declaration while opening the 6th African Regional Conference on Irrigation and Drainage in Abuja. Click here for more.

MAN: US Tariff Hike to Wipe Out N2trn from Nigeria's Agric Exports"” ThisDay

Manufacturers Association of Nigeria (MAN) said the 14 per cent tariff imposed on Nigerian exports to the United States of America (USA) by the President Donald Trump administration would result in a loss of between N1 trillion and N2 trillion in Nigeria's agricultural exports to the North American country. Click here for more

Inflation rises, food prices soar"” The Sun

Nigeria's cost of living crisis worsened in March 2025 as food inflation surged to 21.79 per cent year-on-year, the National Bureau of Statistics (NBS) has said. In a report released yesterday, the NBS said the inflation is caused by the hike in price of essential staples such as garri, rice, and fresh produce, with the month-on-month data showing food inflation rose to 2.18 per cent up from 1.67 per cent in February. Click here for more.

Marketers import 156.9m litres as petrol landing cost falls"”Punch

Amidst an ongoing price war between players in the nation's downstream oil sector, fresh investigations have revealed that the landing cost of imported Premium Motor Spirit (petrol) dropped to N853 per litre on Tuesday. This comes as marketers secured regulatory approval to import 117,000 metric tonnes"”equivalent to 156.897 million litres"”of petrol within eight days, from April 8 to 16, 2025, to boost fuel supply nationwide. Click here for more.

PenCom Commits N5.51tn Pension Fund to Boost Real Sector Growth"” ThisDay

The National Pension Commission (PenCom) has said it committed a total of N5.51 trillion to asset classes that support long-term financing for real sector growth.  PenCom said these investments span infrastructure, private equity vehicles, real estate, and subnational infrastructure initiatives, among others. Click here for more.

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