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Macro & Economy

South Africa Inflation Rises to 4.5% as Transport Costs Jump 10.8%

South Africa inflation rose to 4.5% in September from 4.4%, driven by a 10.8% jump in transport costs, keeping prices well above the SARB's 3% target.

4 min read

Aerial view of Victoria Island, Lagos, with boats crossing the lagoon beside the Falomo bridge and office towers behind
Investment Signals

J.P. Morgan Merchant Bank in Nigeria Moves Closer After N50bn CBN Deposit

J.P. Morgan's merchant bank in Nigeria is a step closer: the US lender has deposited N50bn with the CBN, meeting the licence capital floor. What it could do.

5 min read

Aerial view of Victoria Island, Lagos, with boats on the lagoon, above a navy band with the Market Pulse Africa logo and an NGX headline
African Equities

NGX Loses N1.47 Trillion in a Day as Dangote Cement Falls 5.5% and Banks Slip

The NGX All-Share Index fell 0.91% on 19 October, wiping N1.47 trillion off market value as Dangote Cement dropped 5.5% and bank stocks saw profit-taking.

3 min read

A packed conference hall with a speaker at a lectern and a panel on stage, above a navy band carrying the Market Pulse Africa logo and the headline
Investment Signals

Nigeria capital market targets N750 trillion by 2036: the maths and the risks

The Nigeria capital market master plan aims to triple the market to N750 trillion by 2036. Here is the maths, what it means for investors and the main risks.

5 min read

Cape Town's V&A Waterfront harbour and city buildings beneath Table Mountain on a clear day
Macro & Economy

South Africa MTBPS Preview: A R50bn–R70bn Tax Windfall Meets Weak Growth

South Africa MTBPS preview: economists see a R50bn to R70bn tax windfall from gold and mining, but weak growth and oil costs put spending under pressure.

5 min read

Nairobi skyline on a sunny day above a navy band with the Market Pulse Africa logo and the headline Kenya's economy grows 5.1% in Q2
Macro & Economy

Kenya GDP Growth Holds at 5.1% in Q2 2026 Despite $104 Oil

Kenya GDP growth reached 5.1% in Q2 2026, up from 4.9% a year earlier, as electricity, hotels and ICT outpaced farming. What it means for rates and the shilling.

4 min read

Close-up of Benjamin Franklin's eyes on a US hundred-dollar bill above a navy band with the Market Pulse Africa logo
Currencies & Forex

Nigeria FX Turnover Falls 22% to $2.62bn as Forward Deals Drop 81%

Nigeria FX turnover fell 22.23% to $2.62bn in the week to 16 October as forwards dropped 81%. The naira held near N1,333/$ after a $430.6m CBN sale.

3 min read

Aerial view of the Lagos lagoon with boats crossing the water beside a long road bridge and Victoria Island buildings
Investment Signals

Nigerian Banks Park N6 Trillion at the CBN After N2.4 Trillion OMO Repayment

Nigerian banks' CBN deposits topped N6 trillion after a N2.41trn OMO repayment, as the DMO rejected about 74% of bids at its latest Treasury bill auction.

4 min read

Folded stack of Nigerian one-thousand naira notes under blue light on a dark table
Macro & Economy

Nigeria Debt Interest Hits 124% of Revenue as Finance Ministry Disputes World Bank

Nigeria debt interest reached N7.7trn in H1 2026, 124% of federal revenue, says the World Bank. The Finance Ministry says the comparison misleads.

5 min read

Office building of the Financial Markets Dealers Association in Lagos behind a gated fence
Currencies & Forex

Nigeria FX Demand Hits $18.34bn in Q2 2026, Its Highest Since 2011

Nigeria FX demand rose to $18.34bn in Q2 2026, its highest since 2011, as financial services outflows doubled imports and CBN dollar sales fell to $418m.

4 min read

CBN Governor Olayemi Cardoso speaking into a microphone at a conference, with a Market Pulse Africa headline band about Nigeria-China trade payments
Currencies & Forex

Nigeria-China Payments: CBN's Cardoso Takes Settlement Talks to Beijing

Nigeria-China payments are on the CBN's agenda as Governor Cardoso plans Beijing talks on settlement, fintech and trade finance with the People's Bank of China.

4 min read

Crowded open-air market street in Lagos with traders carrying goods on their heads, above a navy band with the Market Pulse Africa logo
Macro & Economy

Nigeria Inflation Falls to 14.63%, Its Lowest Since 2025, but Living Costs Still Bite

Nigeria inflation eased to 14.63% in September, the lowest since 2025, yet food inflation stayed near 19.6% and households say prices are still too high.

3 min read