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Nigerian equities fell as banking stocks led losses, with breadth turning negative and turnover moderating.

Nigeria's headline inflation fell to 14.63% in September, the lowest since October 2020, driven by easing food prices even as core inflationary pressures continued to build in parts of the services economy.

CoreWeave's junk bonds are yielding more than 15% and its credit default swaps have blown past 1,100 basis points, signs that investors are losing confidence in the AI infrastructure company's ability to service roughly $50 billion of debt.

Bank of Ghana governor Johnson Asiama says Ghana is in talks with more than 10 African countries on payments interoperability, building on pilots with Nigeria and Rwanda involving CBDCs, stablecoins and mobile wallets.

The Bank of Uganda raised its central bank rate by 225 basis points to 12% at an emergency meeting, citing oil prices, shilling depreciation and offshore selling of government bonds.

Average FGN bond yields rose 26 basis points to 16.4% as investors repriced the curve for heavy fourth-quarter supply, setting up a test at the Debt Management Office's ₦1.75 trillion auction on 19 October.

The dollar index held near 102.07 and headed for its first weekly decline since mid-September as the 10-year Treasury yield fell about 15 basis points and the euro recovered from a 17-month low.

The three-year yield dropped 23 basis points to 6.45 per cent and the ten-year fell four basis points to 7.93 per cent as a record one-day rally in US Treasuries and a softer dollar lifted Nigerian dollar debt, with a $1.5 billion bond due in November 2027 in focus.

Gabon sold $580 million in eight-year Eurobonds at a 9.375% coupon, attracting an order book of nearly $1 billion and a risk premium about 50 basis points below its July sale, even as the oil-dependent state remains heavily indebted.

Asia's cocoa grindings jumped 29.2% in Q3 2026 and Europe's rose 3.2%, pushing prices higher as demand recovers, with implications for Nigeria and Cote d'Ivoire.

Analysts project headline inflation near 15.5% as disinflation continues, though high oil prices and sticky food costs keep the single-digit target at a distance.

The IMF says Nigeria's improving growth outlook is not easing poverty fast enough, pressing for better-targeted spending and a broader revenue base.

The Nigerian Exchange closed higher on Wednesday as late buying in banking and selected industrial counters lifted market value by N103.90 billion, ending two sessions of declines.

NNPC Limited has cut petrol pump prices at its retail stations, joining a downstream price war that is easing costs for motorists but squeezing marketers.

The Central Bank of Nigeria lowered its benchmark interest rate by 350 basis points on September 22, 2026, the steepest cut on record, as inflation eased for a third straight month and reserves strengthened.

ECOWAS says the region has 28 shared river basins covering about 71% of its land area, with nearly every country sharing at ...

The central bank described the 350-basis-point change as an operational realignment, not a shift in the underlying monetary-policy stance.