The archive
Analysis
Everything this desk has published, newest first.
South Africa Inflation Rises to 4.5% as Transport Costs Jump 10.8%
South Africa inflation rose to 4.5% in September from 4.4%, driven by a 10.8% jump in transport costs, keeping prices well above the SARB's 3% target.
J.P. Morgan Merchant Bank in Nigeria Moves Closer After N50bn CBN Deposit
J.P. Morgan's merchant bank in Nigeria is a step closer: the US lender has deposited N50bn with the CBN, meeting the licence capital floor. What it could do.
Kano cuts 2026 budget by N276 billion, cites FAAC revenue shortfall
Kano State has cut its 2026 budget by about N276 billion after FAAC receipts fell short. Here is what the numbers show, what happens to capital projects, and what to check in the revised budget.
The new scramble for Africa (1): The minerals are African; the power is somewhere else
Africa holds a large share of the minerals the energy transition needs, and the US, China and others are competing for them. The value, however, is still mostly captured outside the continent. Part one of a series.
Treasury Bills or a Money Market Fund? How to Compare the Returns
Treasury bills lock in a return when you buy, while money market funds move with rates. Here is how to compare them, including the discount-rate trap, with a worked example.
NGX Loses N1.47 Trillion in a Day as Dangote Cement Falls 5.5% and Banks Slip
The NGX All-Share Index fell 0.91% on 19 October, wiping N1.47 trillion off market value as Dangote Cement dropped 5.5% and bank stocks saw profit-taking.
Nigeria capital market targets N750 trillion by 2036: the maths and the risks
The Nigeria capital market master plan aims to triple the market to N750 trillion by 2036. Here is the maths, what it means for investors and the main risks.
South Africa MTBPS Preview: A R50bn–R70bn Tax Windfall Meets Weak Growth
South Africa MTBPS preview: economists see a R50bn to R70bn tax windfall from gold and mining, but weak growth and oil costs put spending under pressure.
Kenya GDP Growth Holds at 5.1% in Q2 2026 Despite $104 Oil
Kenya GDP growth reached 5.1% in Q2 2026, up from 4.9% a year earlier, as electricity, hotels and ICT outpaced farming. What it means for rates and the shilling.
Nigeria FX Turnover Falls 22% to $2.62bn as Forward Deals Drop 81%
Nigeria FX turnover fell 22.23% to $2.62bn in the week to 16 October as forwards dropped 81%. The naira held near N1,333/$ after a $430.6m CBN sale.
Nigerian Banks Park N6 Trillion at the CBN After N2.4 Trillion OMO Repayment
Nigerian banks' CBN deposits topped N6 trillion after a N2.41trn OMO repayment, as the DMO rejected about 74% of bids at its latest Treasury bill auction.
Nigeria Debt Interest Hits 124% of Revenue as Finance Ministry Disputes World Bank
Nigeria debt interest reached N7.7trn in H1 2026, 124% of federal revenue, says the World Bank. The Finance Ministry says the comparison misleads.