Desk
Equities, bonds, currencies and the flows that move Nigerian and African markets.
13 stories
MarketsHigh
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
MarketsHigh
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.
Betini Udom
MarketsMedium
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.
Betini Udom
MarketsMedium
US bitcoin funds drew over $1bn this week, yet daily inflows are well below the pace seen before bitcoin's past big rallies. Here is what that means, in plain words.
Betini Udom
MarketsMedium
Surplus cash in Nigeria's banks jumped to ₦6.28tn, with nearly ₦4.9tn more expected. Here is what that means, who controls it and what it could do to interest rates.
Betini Udom
MarketsLow
The Nigerian Exchange rose 0.26% on Tuesday, recovering N410.86bn of Monday's N1.47tn loss. Here is what those numbers mean for pensions, savings and shareholders.
Betini Udom
MarketsMedium
NGX Group is taking the Dangote refinery offer to exchanges across Africa. What cross-border capital raising means and why it is hard.
Chiamaka Prudence
MarketsMedium
Fidelity Bank traded 893.69m shares as bank stocks led NGX gains after a 350bp rate cut and Nigeria's FTSE Russell frontier return. What it means.
Betini Udom
MarketsHigh
FTSE Russell restored Nigeria to frontier status. What it means, which stocks drew the money, what the data does and doesn't show, and what comes next.
Betini Udom
MarketsHigh
As Nigeria's FX reserves reach an 18-year high of $54.08bn, we analyze the stock market sectors and fixed-income assets positioned for growth.
Betini Udom
MarketsMedium
J.P. Morgan has added naira government bonds to its GBI-EM Edge benchmark at a 7.4% weighting. What the index is, why Nigeria left, what brought it back, and what the yields still say.
Betini Udom
MarketsHigh
FirstHoldCo and five other Nigerian firms enter the FTSE Frontier 50 on 21 September as Nigeria regains frontier status. Here is what an index inclusion is and what it changes.
Betini Udom
MarketsHigh
Vetiva leads the structuring of Dangote Refinery's ₦2.15tn public offer. Read how this mega-deal alters debt-to-equity ratios and syndicate financing.
Betini Udom
