Economy & Markets

Nigeria has risen four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, according to reports by 21st Century Chronicle and Nairametrics⁠. Nairametrics, citing Bloomberg, reported that Nigeria’s advance reflected stronger results in economic strength, fiscal strength, and external vulnerability. The publication said Nigeria moved ahead of Rwanda, Tanzania, Kenya, and Namibia in the assessment. What eighth

US employers added 29,000 jobs in September, according to figures released on Friday by the Bureau of Labor Statistics. The unemployment rate was 4.2%, compared with 4.1% in August. The monthly gain was below the 45,000 jobs added on average over the previous 12 months. Economists surveyed by Reuters had expected about 90,000 new jobs.

Nike’s latest sales figures and full-year forecast have raised fresh questions about how quickly chief executive Elliott Hill can restore growth to the sportswear company. Revenue fell 4% to $11.2 billion in the first quarter of Nike’s 2027 financial year, which ended on 31 August. The company expects revenue to fall by a high single-digit

Mynt, the parent company behind the Philippine mobile wallet GCash, has priced its initial public offering at 6.60 pesos a share, setting up a transaction worth approximately 53 billion pesos, or $845 million. The company announced the price on Friday, 2 October. It plans to offer up to 8.03 billion shares, with trading on the Philippine

Aliko Dangote says he hopes to list Dangote Fertiliser Limited in 2027, putting another of his group’s major businesses on the path towards public ownership. He disclosed the target on Tuesday, 29 September, during a meeting with investors at the Nairobi Securities Exchange. “Sometime next year we hope to list it. Let it be owned

Trade between Nigeria and France reached a combined N18.56 trillion between 2023 and 2025, according to an analysis of official figures from the National Bureau of Statistics. The figure represents an increase of about 294 per cent from the N4.71 trillion recorded during the preceding three-year period from 2020 to 2022. Capital inflows into Nigeria

UK inflation rose to 3.1% in August, reaching its highest level in five months as motorists faced sharply higher petrol and diesel prices. The annual Consumer Prices Index increased from 2.9% in July, according to figures released by the Office for National Statistics. The increase leaves inflation above the Bank of England’s 2% target and

Dangote Petroleum Refinery and Petrochemicals has opened its initial public offering, giving retail and institutional investors an opportunity to acquire shares in the company. The offer consists of 4.1 billion new ordinary shares priced at ₦525 each. It could raise approximately ₦2.15 trillion, equivalent to about $1.6 billion, if fully subscribed. Applications opened on Monday,