Markets Archives - Independent Digital News Network

Naira hovers near ₦1,326/$ as Fed decision and CBN meeting put FX market on watch

The naira is holding near ₦1,326/$ as markets await the Federal Reserve’s September decision and the CBN’s next MPC meeting, with FX liquidity and intervention still under watch.

Nigeria returns to FTSE Frontier status September 21 — but foreign money must still choose to come

IDNN15 hours ago15 hours ago0

Nigeria returns to FTSE Russell’s Frontier Market classification on September 21, restoring global index visibility — but actual foreign inflows remain an outcome to be measured.

SEC clears Dangote Refinery IPO for September 14 opening as issuer pages show conflicting timetable

IDNN17 hours ago17 hours ago0

SEC approval has moved the Dangote Refinery IPO into an active capital-market phase, but conflicting issuer pages leave the definitive subscription timetable unresolved

Dangote’s ₦2.15tn Test: Africa’s Biggest Share Sale Reaches the Signing Table

IDNN1 week ago1 week ago0

Dangote Refinery plans to sell 4.1 billion shares at ₦525 each. Behind the ₦2.15tn offer lies a potential ₦63tn valuation—and a defining test for Nigeria’s capital market.

FTSE confirms Nigeria’s Frontier return after T+1 settlement review

IDNN3 weeks ago3 weeks ago0

Nigeria’s return to FTSE Russell’s Frontier Market universe remains on schedule for September 21, with regulators also clarifying that foreign portfolio investors are not required to prefund trades under the new T+1 settlement cycle.

AfDB Says Africa Will Dominate Global Growth Rankings Despite Inflation, Debt Pressure And Economic Slowdown

IDNN4 months ago4 months ago0

Africa fastest growing economies are drawing renewed global investor attention after the African Development Bank projected that several African states will rank among the world’s strongest-performing economies despite inflation, debt pressure, and geopolitical instability. The AfDB says Africa is increasingly emerging as a major global growth frontier, intensifying international competition for capital, trade, energy, and strategic influence across the continent.

IFC To Send Investment Mission As Tinubu Pushes Nigeria’s Global Capital Reset

IDNN4 months ago4 months ago0

Nigeria global investment push has entered a high-stakes confidence phase after the International Finance Corporation signalled plans to send an investment mission following talks with President Bola Tinubu. The move places Nigeria at the centre of a broader battle for global capital as the government attempts to convince international investors that painful economic reforms can still translate into long-term growth and financial stability.

Dangote Refinery Cuts Petrol Price to ₦1,200 After Global Oil Drop

IDNN5 months ago5 months ago0

Dangote refinery petrol price cut has reduced pump prices to ₦1,200 following a dip in global crude oil markets. The adjustment signals a shift in Nigeria’s fuel pricing structure, as easing geopolitical tensions reshape supply expectations. The move carries direct implications for consumers, transport costs, and inflation pressure across the country’s fragile economic landscape.

Nigeria Opens Probe into Temu Over Suspected Data Protection Breaches

IDNN7 months ago7 months ago0

Nigeria opens probe into Temu over suspected data protection breaches, as the country’s data watchdog examines concerns around surveillance practices, cross-border data transfers and data minimisation compliance. The investigation could trigger penalties under Nigeria’s data protection framework if violations are established in one of Africa’s largest digital markets.

China to Scrap Tariffs for African Nations From May, Signals Trade Reset

IDNN7 months ago7 months ago0

China scrap tariffs Africa policy shift is set to take effect in May, as Beijing announced plans to remove import duties on a wide range of goods from African countries. The move is positioned as a trade facilitation measure, but it also carries strategic implications for supply chains, export growth and geopolitical influence.