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Nigeria’s recent disinflation trend is facing a fresh threat as escalating tensions in the Middle East send global oil prices sharply higher, raising concerns that rising fuel and logistics costs could reignite inflationary pressures across Africa’s most populous nation.

African equities are outperforming global frontier markets in 2026, with Nigeria and Tanzania leading gains as commodity producers, financial firms and small-cap stocks power returns.

Nigeria’s central bank auctions ₦1.05 trillion in Treasury bills as markets gauge investor demand and yield direction following the first policy rate cut of the year. We know the results this Thursday.

Nigeria rebounded strongly after a January dip ended its 13-month expansion streak, supported by higher new orders, improved affordability, and currency stability. Yet Uganda remained the continent’s top performer.
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Taiwo will replace Doris Uzoka-Anite, who has been redeployed as Minister of State for Budget and National Planning, her third portfolio in the administration

Escalating US–Israel strikes on Iran are disrupting Gulf shipping routes and pushing oil prices higher, forcing costly maritime reroutes and exposing Africa’s dependence on imported fuel and goods.

Currency swings are quietly eroding insurers’ profits across Africa, as FX losses and rising claims costs turn strong premium growth into weaker bottom lines.

The decision, announced on Wednesday by Polite Kambamura, Zimbabwe’s Mines and Mining Development Minister, marks a sharp acceleration of Harare’s long-standing push to force more mineral processing to take place at home.