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Articles by Administrator
Dangote Refinery extends IPO as African investor demand surges
Dangote Refinery has extended its N2.15 trillion IPO to October 27. Here is what changed, what the offer looks like in numbers, and the risks to weigh before subscribing.
Ghosts of past subsidies haunt Nigeria’s petrol discount sale
Nigeria’s government has introduced a temporary petrol discount at NNPC retail stations and insists it is not a return to subsidy. Memories of the old regime, and political suspicion, still shape how the measure is received.
Nigeria’s cash transfers need an audit trail, not just tighter controls
Nigeria has drawn most of its World Bank social safety-net financing and introduced stricter identity checks. Public trust still hinges on proof that the money reached eligible households and that failures were corrected.
Africa's Top Growth Markets for 2027: Where Investors Are Looking Now
The IMF expects sub-Saharan Africa to grow faster than the global average into 2027. Here are the markets leading the pack, what is driving them, and the risks investors should weigh.
Egypt, Arab Rep.: Fuel exports (% of merchandise exports), 2025
Fuel exports accounted for 10% of Egypt’s merchandise exports in 2025, according to World Bank data. The share has declined from higher levels in previous years as non-fuel exports expanded.
Ghana: Food exports (% of merchandise exports), 2025
Food products accounted for 18% of Ghana’s merchandise exports in the latest World Bank data for 2023. In 2025 cocoa beans and products alone made up 14% of total exports, while gold dominated at 63.1%.
Cote d'Ivoire: Foreign direct investment, net inflows (BoP, current US$), 2025
Foreign direct investment net inflows into Côte d’Ivoire rose to $2.03 billion in 2025, according to UNCTAD data. The figure marks a recovery from the previous year’s lower level and continues a multi-year upward trend in investment.
Kenya: Ores and metals exports (% of merchandise exports), 2025
Ores and metals accounted for 5.1% of Kenya’s merchandise exports in 2024. No official figure for 2025 has been published yet. Food and manufactures continue to dominate the export basket.
Congo, Dem. Rep.: Food exports (% of merchandise exports), 2024
Food exports accounted for just 1% of the Democratic Republic of the Congo’s merchandise exports in the latest available data. The figure underlines the country’s continued dependence on minerals for foreign exchange earnings.
FMDA projects Nigeria’s current account surplus at $8.69bn in Q3 on stronger oil earnings
The Financial Markets Dealers Association projects Nigeria’s current account surplus will widen to $8.69 billion in the third quarter of 2026. The forecast rests on lower import demand and elevated crude oil prices after a $7.54 billion surplus in Q2.
Investors lose N110.16 billion as NGX market cap drops to N162.39 trillion
Equity investors on the Nigerian Exchange lost N110.16 billion on 7 October 2026 as market capitalisation fell to N162.39 trillion. The All-Share Index declined 0.07% to 250,096.75 points, extending a multi-day retreat.
DMO raises N968.47 billion as 364-day stop rate falls to 15.85% despite strong demand
The Debt Management Office allotted N968.47 billion at its latest Treasury bills auction, above the N900 billion on offer. Strong demand for the one-year bill pushed its stop rate down to 15.85% while shorter tenors stayed undersubscribed.