Economy

The Central Bank of Nigeria (CBN) has granted JPMorgan an approval-in-principle to set up JPMorgan Merchant Bank Nigeria Limited, taking the American lender a step closer to a full banking …

Presidents Al-Sisi and Mahama met in New El-Alamein on 4 October to discuss stronger trade and investment links as Ghana prepares to chair the African Union in 2027.

A CBN Business Expectations Survey for July 2026 found 70.8% of Nigerian firms see high and multiple taxation as their most pressing constraint, ahead of insecurity and interest rates.

Kenya’s economy expanded 5.1% year on year in the second quarter of 2026, up from 4.9% a year earlier, with transport, utilities, ICT and construction all growing.

The NGX All-Share Index fell from 250,667.86 on 5 October to 247,313.94 on 19 October, taking market value to ₦160.58 trillion, as the Dangote refinery listing looms.

The IMF kept its 2026 growth forecast for South Africa at 1% while raising sub-Saharan Africa to 4.5%, as oil prices and weak investment slow the recovery.

Nigeria’s merchandise exports rose 18.77% to ₦27.02 trillion in Q2 2026, with non-crude exports larger than crude for the first time in comparable NBS data.

Nigeria’s real GDP grew 4.43% year on year in Q2 2026 as inflation slowed to 15.39% in August, the central bank cut rates to 23% and reserves hit an 18-year …

Nigeria’s Finance Minister Taiwo Oyedele warned in Bangkok that reversing fuel subsidy removal would spark capital flight, weaken the naira and hurt ordinary Nigerians most.

The IMF’s October outlook sees global growth at 3.1% in 2026 and 3.4% in 2027, inflation at 4.7% this year, and sub-Saharan Africa growing 4.5% with wide differences between countries.