Markets

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

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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

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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

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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

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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

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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....

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