Tracking African financial markets, commodity flows, and investment signals — every week.

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Everything this desk has published, newest first.

A government finance official reviews revenue distribution documents at a desk, with a subtle rising bar chart overlaid to represent monthly federal revenue growth.
Macro & Economy

DisCos fail to collect N45.26 billion from electricity customers in July

Nigeria's NRS and NUPRC earned a combined N123.54bn in collection fees from June's N3.40tn FAAC distribution — here's the full breakdown.

5 min read

A government finance official reviews revenue distribution documents at a desk, with a subtle rising bar chart overlaid to represent monthly federal revenue growth.
Macro & Economy

NRS, NUPRC earn N123.54 billion in collection fees from June FAAC revenue

Nigeria's NRS and NUPRC earned a combined N123.54bn in collection fees from June's N3.40tn FAAC distribution — here's the full breakdown.

5 min read

A Nigerian stock exchange trading floor displays a nearly flat benchmark index line alongside sharply rising individual stock tickers, conveying mixed market movement beneath a ste
African Equities

Nigerian equity market closes flat at N163.66 trillion as Zichis Agro, R.T. Briscoe rally

The NGX closed nearly flat at N163.66 trillion on Sept. 25, even as Zichis Agro and R.T. Briscoe led gainers in a third straight winning week for Nigerian stocks.

6 min read

A stock market ticker board displays a declining red chart line for one stock beside a rising green sector index chart, set against a Nigerian trading floor backdrop.
Exchange indeces

TotalEnergies falls 10% as NGX Oil and Gas Index retreats from record high

TotalEnergies Nigeria fell 10% on Sept. 25, pulling the NGX Oil and Gas Index down a day after its record high — here's what's behind the divergence.

5 min read

A beauty technician performs a precise eyebrow treatment on a client in a modern Nigerian beauty studio, softly lit, conveying technical skill and professionalism.
Macro & Economy

From Banking to Beauty: How Tomi Akintade introduced Nano Brows in Nigeria

Tomi Akintade left a banking career to found YBB Beauty and introduce Nano Brows to Nigeria — here's her journey and what it says about Nigeria's beauty sector.

5 min read

A financial analyst reviews a company's earnings report on a laptop, with a rising revenue line chart overlaid alongside a separate, flatter cash flow line to illustrate the gap be
Investment Signals

Growth Can Hide a Broken Business: Why revenue is not enough

Revenue growth alone doesn't mean a business is healthy — here's why margins, cash flow and unit economics matter just as much, with lessons from Jumia.

6 min read

An offshore floating LNG vessel sits on calm ocean water near the Nigerian coast at dusk, with a faint upward investment-trend graph overlaid in the sky.
Commodities

NIPCO plans over $3 billion FLNG project to boost Nigeria’s gas monetisation

NIPCO Group has unveiled plans for a $3bn+ Floating LNG project in Nigeria, targeting 3 million tonnes of annual capacity — here's what's known so far.

6 min read

Hand holding a smartphone with a mobile payments app open, representing Paga's disclosure of processing $1.5 billion in monthly transactions.
Investment Signals

Paga CEO Tayo Oviosu says company processes $1.5 billion monthly

Paga CEO Tayo Oviosu says the fintech now processes $1.5 billion in monthly transactions, reflecting rapid growth.

6 min read

Bustling Nigerian market with retail stalls, representing CPPE's warning about growing foreign competition in the country's retail trade sector
Macro & Economy

CPPE says Nigeria retail trade faces growing foreign competition

CPPE warns growing foreign participation in Nigeria's retail sector could pressure domestic MSMEs and threaten millions of jobs.

6 min read

Handshake silhouette against a government building backdrop, representing Nigeria's Tax Ombud warning on taxpayer trust in tax reforms.
Macro & Economy

Tax Ombud warns against revenue-first approach to tax reforms

Nigeria's Tax Ombud warns that pursuing revenue targets without taxpayer trust could undermine tax reform sustainability.

6 min read

Cocoa processing facility with conveyor belts and roasted beans, representing Patricia Poku-Diaby's cocoa processing empire in Ghana.
Commodities

Ghana's Richest Woman Is Building a Cocoa Empire

Patricia Poku-Diaby built a $90 million cocoa processing plant in Ghana, capturing value multinationals have long controlled

6 min read

A miner holds a raw mineral ore sample in Somalia, with a subtle overlay of the Somali flag and a faint upward investment-trend graph in the background.
Commodities

Somalia Confirms Uranium, Lithium and Cobalt Deposits as It Courts Foreign Investor

Somalia has confirmed uranium, lithium and cobalt deposits as it seeks foreign investment — here's what's known, and what isn't, about the find.

5 min read