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Bullion backing Africa largest gold exchange-traded fund fell to $2.53 billion in the six months to September, yet the units closed at N86,001 in Lagos, roughly 57 per cent above the metal each unit represents.

Aviation fuel marketer CITA Energies has called on Dangote Refinery to review its Jet A1 pricing formula, a premium introduced in March and a requirement that 25% of buyers' payment instruments be placed under lien, saying the extra costs are passed on to airlines.

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.

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.

Gabon sold $580 million of eight-year Eurobonds on 14 October with a 9.375 per cent coupon, drawing close to $1 billion in orders and trimming its risk premium despite higher US rates.

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.

Gross premium written rose 47.3 percent in 2025, while low retention in specialist risks showed why the industry's new capital rules matter.