Banking stocks lift Nigerian market by N288 billion despite broad selloff
Nigerian banking stocks added N288.44 billion in market value in a single session, reversing prior-week losses even as most equities...
August 4, 2026Topic
frontier markets
Dangote Refinery IPO Could Raise Up to US$5 Billion
Dangote's refinery IPO could raise up to US$5 billion, Nigeria's largest ever, as funds sell banks and telecoms to raise...
August 3, 2026
Gabon Eurobond Raises US$920 Million Despite Junk Credit Rating
Gabon Eurobond raised US$920 million, overshooting its target by 22.7% with a 9.375% coupon. The seven-year note matures in 2033...
August 1, 2026
Kenya Plans US$7.6 Billion Domestic Borrowing in 2026/27
Kenya plans to raise KSh 1.03 trillion (US$7.6 billion) from domestic bonds and Treasury bills in FY2026/27, leaning on local...
July 31, 2026
Nigerian Equities Could Gain US$1.4 Billion from Pension Reform
Nigeria's PenCom raised equity caps for RSA Funds, unlocking up to N2.18 trillion ($1.42 billion) for Nigerian equities. See the...
July 31, 2026
Mozambique Caps Foreign Card Payments at US$94,000 a Year
The Mozambique card payment limit caps overseas card spending at 6 million meticais (US$94,000) a year per holder as the...
July 30, 2026
Senegal FDI Plunges to US$337 Million, Sounding Economic Alarm
The Senegal FDI collapse saw inflows sink to US$337 million in 2025, a near-90% drop, as a hidden-debt scandal and...
July 30, 2026
Nigeria Naira Dollar Parallel Market Hits 1,407 per US$
Nigeria's naira weakened to about 1,407 per US dollar on the parallel market, extending mild slippage as traders awaited the...
July 28, 2026
Kenya Growth Forecast Cut to 4.3 Percent as Debt and Oil Risks Bite
The World Bank cut Kenya’s 2026 growth forecast to 4.3 percent from 4.9 percent, citing the Middle East conflict, rising...
July 27, 2026