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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.
The announcement comes as Zimbabwe, once barred from borrowing from the World Bank, African Development Bank and Paris Club creditors after defaulting in the late 1990s, inches toward rejoining the global financial mainstream.
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.
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.
South Africa’s 2026 budget scraps a proposed VAT hike, targets sustained primary surpluses and debt stabilisation, while expanding savings incentives and infrastructure spending.
In a striking turnaround that few would have predicted just a few years ago, foreign investors are pouring back into Nigeria’s equities market with unprecedented force. International deal volumes on the Nigerian Exchange (NGX) surged to a staggering $1.97 billion.
In the financial world, a credit rating is supposed to be an objective score. In reality, these ratings are often clouded by what many spectators perceive as bias.
The Central Bank of Nigeria (CBN) delivered its first policy easing of 2026 on February 24, announcing a 50 basis point cut in the Monetary Policy Rate (MPR) to 26.5% from 27%. This marks a cautious but meaningful pivot after more than a year of aggressive tightening.
Leveraging the 75% anticipated revenue uplift from the cashless mandate, which digitises gates, parks, lounges, and fees, post-implementation IGR could reach $271.6 million (₦364 billion) annually, assuming seamless rollout.
This will be Godongwana’s second budget under the Government of National Unity (GNU) and comes at a delicate political moment. With 2026 shaping up as a year of heightened electoral sensitivity.
Africa’s cement capacity spans the continent, but 2024 results show profits concentrated in Nigeria and Morocco, exposing sharp regional divides in margins and resilience.
A growing divergence between Nigeria’s foreign portfolio investments and FDI inflows has reawakened concerns about investor appetite for longer-term commitments in the West African economy.
Why carbon markets are emerging as a tool not just for emissions reduction, but for supporting jobs, infrastructure, and community development across Africa
Kenya is reviving negotiations with the US as its trade deficit with Washington widens sharply, underscoring growing pressure on Nairobi to rebalance trade flows with one of its largest export markets.
Nigeria’s fintech ecosystem is one of Africa’s most vibrant, with its nucleus positioned in Lagos. According to the 2024 annual data released by the Nigeria Inter-Bank Settlement System (NIBSS)…