Topic
Brent
Brent Crude Tops $116, a Six-Month High: What It Means for Nigeria, Angola, Kenya and Africa's Oil Importers
Brent crude topped $116 a barrel on 23 October after Houthi attacks on Saudi Arabia. What the six-month high means for African exporters, importers and FX.
Brent at $110: Which African Economies Gain and Which Lose
Brent at $110 splits Africa in two. Nigeria and Angola gain export revenue while Kenya, Ghana and South Africa face higher fuel bills and inflation.
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.
Oil Falls More Than 5% This Week: What Lower Crude Prices Mean for African Economies
Brent crude fell more than 5% this week, creating contrasting consequences across Africa. Oil-producing economies face pressure on government revenues and foreign exchange, while importing countries could benefit from lower fuel and transport costs.
Brent Crude at $60: How African Oil Exporters Are Adjusting to a Lower-Price World
The World Bank projects Brent to average $60 per barrel in 2026 — down from $68 in 2025. For Nigeria, Angola and Cameroon, the budget arithmetic is changing.