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Brewer shares have come under pressure as weak demand and cost pressures weigh on valuations.

Global cocoa prices have fallen sharply, prompting renewed focus on value addition under the Abuja Declaration.

Mixed grain prices as rice firms on selective demand while maize remains under pressure.

Maize fell to N319.93/kg below the N350/kg GMP as harvest supply pressures mount.

Progress figures show 2.5 million bags of fertiliser supplied, N20 billion mobilised under the price floor and 1,500 tractors deployed across 23 states, while beneficiary counts reported elsewhere differ.

Nigeria produced 402.86 million barrels of crude worth about N52.12 trillion between January and September 2026, a gross value lifted by conflict-driven Bonny Light prices rather than by hitting budget production targets.

Brent crude climbed to its highest level since May after attacks on tankers near the Strait of Hormuz sparked renewed supply disruption concerns in global oil markets.

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.

The Lagos Commodities and Futures Exchange has obtained a licence from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, positioning itself to bring greater price transparency to petroleum product trading.

Nigeria's imported food price growth slowed to 9.19 per cent year on year, the weakest pace in six months, as exchange rate stability and softer international food costs reduced pressure on imported staples.

Investors in Aradel Holdings are sitting on gains after the share price roughly doubled, with analysts arguing that refining performance and asset quality still leave room for further upside.

Gabonese banking group BGFI Holding says the second phase of its share offering has closed oversubscribed, aiming to raise CFA80.558 billion through the issue of 1,006,975 new shares priced at CFA80,000 each.

President Donald Trump has signed an executive order waiving most of the new Russia sanctions and tariffs Congress passed in the Graham Act, acting two days before the implementation deadline and citing the national interest.

The Major Energies Marketers Association of Nigeria has rejected the federal government's proposed N1,350 per litre ceiling on petrol ex-gantry and landing costs, arguing that arbitrary price caps distort competition without fixing supply bottlenecks.

Nigeria's 30-day petrol discount has failed to reach most motorists, with NNPCL stations back at N1,405 a litre and the N66 reduction available only through the company's app at self-service pumps, while transport fares keep rising.

Brent crude jumped 3.7% to $109.86 a barrel after tankers were hit by mines in the Strait of Hormuz, the highest level since mid-May, prompting emergency supply measures from the IEA and the United States.

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.

Renaissance Capital Africa has raised its Dangote Petroleum Refinery valuation to N700.41 per share, a 33.4% premium to the N525 offer price, citing stronger refining margins.

MeCure Industries has opened a Series 8 commercial paper offer of up to ₦14 billion under its ₦40 billion programme, priced at a 21% gross implied yield as the drugmaker funds working capital ahead of expanding production investment.

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.

Nigeria's agriculture sector grew 4.39% in the second quarter of 2026, its strongest momentum since 2021, the Federal Government said at World Food Day.

President Tinubu's administration and opposition leader Atiku Abubakar have advanced rival plans to lower petrol prices as Nigeria heads toward the 2027 election.

Kenya's energy regulator raised pump prices for the October-November cycle after the landed cost of imported fuel jumped, even as the government extended a VAT cut.

Spot gold rose about 0.4 per cent to near $4,187 an ounce, helped by a softer dollar and a sharp fall in Treasury yields, even as hot US producer prices kept Fed rate-hike bets alive and capped the metal near $4,235.

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.

A memory-chip shortage driven by artificial intelligence data centres is pushing up smartphone prices and shrinking the sub-$100 segment that millions of Africans rely on to get online, with shipments of the cheapest devices falling sharply.

Headline inflation eased to 14.63% in September 2026 from 15.39% in August as food prices retreated, but the National Bureau of Statistics reported that core and urban price pressures picked up, complicating the outlook for further rate cuts.

The NBS said headline inflation dropped to 14.63% in September from 15.39% in August, with month-on-month food prices falling 1.55% and core inflation at 12.95% year-on-year.

Inconsistent export policies could hurt farmers, says LCCI's Tunde Banjoko, calling for guaranteed offtake, better storage, affordable credit and a commodity board to set benchmark prices.

Worldwide PC shipments dropped 20.1 per cent in the third quarter of 2026, IDC says, the sharpest third-quarter fall on record, leaving Nigeria's imported laptop market exposed to higher prices.

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.

Moody's has revised sub-Saharan Africa's outlook to positive as reforms, commodity prices and better financing ease debt pressures, though interest burdens remain high for several countries including Kenya and Zambia.

Kenya's National Assembly has extended the reduced 8 per cent VAT rate on petroleum products for three months, forgoing about KSh81 billion in revenue to cushion consumers as crude prices rise.

Brent slipped toward $104 and WTI to about $94 as supply-route fears eased, a move with direct consequences for Nigeria's budget and FX earnings.

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 FG and IFAD launch the 13th Joint Supervision Mission of the Value Chain Development Programme, praising rice and cassava gains while flagging disbursement and counterpart-funding gaps.

US consumer prices rose 3.7 per cent year on year in September, above expectations, jolting global markets and lifting bets that the Federal Reserve may raise rates.

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.

Independent marketers are pressing for an extension of the 30-day petrol discount, warning of fresh price increases when the window lapses.

The Nigeria Labour Congress has given the federal government two weeks to address petrol prices and the minimum wage, warning of industrial action.

The state oil company's retail arm is giving up its margin for 30 days, offering temporary relief without imposing a nationwide pump price.

The consolidation reduced outstanding shares to 6.85 billion and reset the reference price to N77 without mechanically changing investors' proportional ownership.

Two Insiders, One Price The transactions were made at the same price, giving the combined acquisition an average price of N6.75 per...

UPL and CMFC Lead the Price Movers University Press led the gainers with a 9.89% increase to ₦5, narrowly ahead of CMFC, which rose...

The discount applies to outstanding statutory fees owed to aviation agencies and is intended to steady carriers facing a sharp rise in Jet A1 prices.