Big storyMarkets
A 10% single-day jump took Dangote Cement past ₦20 trillion and the NGX to a record. We set out what happened, what the numbers show, where sources disagree and what comes next.
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Read the storyMarketsHigh
The ₦2.15 trillion share offer for Dangote's refinery ends today. Here is what happened, what the company says it earns, who is on the hook, and what is still unknown.
Janefrances Neche
PoliticsHigh
INEC has published the 2027 preliminary voters register online after public criticism. We lay out the timeline, the legal references, what each side says, and what remains unanswered before the final list on 15 December.
Betini Udom
CriticalEnergy desk
Houthi strikes have reached Saudi Arabia's Shaybah oilfield and Brent is at $108. Here is what that means, how oil prices travel to Nigeria, and what nobody knows yet.
Janefrances Neche
Read the full accountEach desk, its lead first
Medium
Microsoft is offering about 60,000 staff, roughly a quarter of its workforce, a voluntary exit with a December deadline. We explain who qualifies and why now.
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Low
More Middle East oil is moving again, yet prices have gone up. Here is why tanker attacks, shipping costs and trader nerves matter for petrol and Nigeria's oil income.
Janefrances Neche
Medium
Bitcoin dropped nearly 2% to about $79,800 as traders waited for the US Fed's Wednesday decision. Here is what the Fed does, why crypto reacts, and what to watch.
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Medium
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Medium
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Low
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Low
The CBN has given JPMorgan approval-in-principle to open a merchant bank in Nigeria. It is a first step, not a licence. Here is what that means, in plain words.
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Medium
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Medium
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High
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Low
Aliko Dangote has promoted his three daughters to senior roles as his refinery prepares to sell shares to the public. Here is what it means, and what it does not mean, for your money.
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Low
President Mahama says Ghana will end exports of raw mineral ores by 2030. No law or list of minerals exists yet. Here is what the plan says, how it would work and what is unknown.
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High
Eight attack jets at a new Chinese facility in Laos, a country owing China 52% of GDP. What is verified, what is not, and what the lending built.
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Medium
Headline inflation dropped to 14.63% and monthly price growth was almost zero. Inside the same release, energy inflation more than doubled. That is the number that decides what happens next.
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Medium
Dangote Refinery could have closed its share sale on 13 October with more money than it asked for. It pushed the deadline to 27 October instead. The reason is not financial, and it is worth understanding before you apply.
Betini Udom
Medium
A $7bn fintech built on African transactions floated in London with a UK-only retail offer, and Nigeria's SmartCash sits outside the listed group entirely.
Betini Udom
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Corporate financial results parsed for clarity. We read the numbers—you understand the story.
Revenue down 3%, profit up 5%, and ₦42.8bn now owed by sister companies. We read Transcorp Hotels' nine-month filing: the new 22% loan, the interest income, the quarter that fell.
| Revenue | ₦69.46bn |
| Profit after tax | ₦15.54bn |
| Borrowing | ₦54.96bn |
H1 2026
| Gross earnings | ₦1.90trn |
| Profit after tax | ₦430.8bn |
| Impairment charge | ₦141.1bn |
H1 2026
| Revenue | ₦17.60bn |
| Profit after tax | ₦10.36bn |
| Tax charge | ₦4.40bn |
H1 2026
| Revenue | ₦650.8bn |
| Profit after tax | ₦64.8bn |
| Cash and deposits | ₦5.6bn |
RainingMoney’s latest reading, and the method behind it
Proprietary index
Life got harder this month. Government says prices are rising slower than before. Go to the market and you will not feel it. Food, fuel and transport all went up in September.
75.0 out of 100
